HIGHLIGHTS
- Commitments received for a successful placement of $25.1 million at $0.05 per share
- Placement supported by a range of high net worth and global institutions including John Hancock’s Family Office, Astrotricha Capital SEZC and S3 Consortium (Stocks Digital), as well as director participation of $200,000
- The placement has institutionalised the Company’s register, including $7.75m cornerstoned by high-calibre, supportive and value-add local and international investor groups
- RML’s medium term work programs and working capital requirements are now fully funded
- RML balance sheet strengthened ahead of the proposed NASDAQ listing
- RML is aiming to become a major player in the US critical minerals space and is aiming to meet the needs of the current White House Administration and the Department of War’s critical mineral US national security supply requirements
“We are delighted with the level of interest in RML and with the high quality of investors who believe in our vision, potential and upside of Resolution’s Horse Heaven Project. We eagerly look forward to progressing work on both the Golden Gate and Antimony Ridge targets at Horse Heaven. The recent rock chip results are extremely encouraging, and we are hoping that the current drilling program, which is well underway, will demonstrate to the market the significant potential of our highly prospective antimony, gold and tungsten project. With the proposed listing of RML on the NASDAQ, we are aiming to be trading shoulder to shoulder with the likes of our next door neighbour, Perpetua Resources, and other U.S. critical metals giants such as MP Materials Inc.”
