Australian explorer Resolution Minerals Ltd Ltd (ASX: RML) (“Resolution” or “The Company”) has announced a successful capital raise of over $25.1 million, setting a strong foundation for its ambitious growth in the US critical minerals industry.
The funding will enable the company to accelerate its exploration, expand its projects, and move toward a NASDAQ listing, positioning it as a key supplier of minerals essential for energy, defense, and technology.
Use of Placement Funds
Strategic Placement Draws Strong Support from Global Investors
The placement, priced at $0.05 per share, attracted commitments from a diverse range of high-net-worth individuals, institutional investors, and international groups. Notably, the offering was backed by John Hancock’s Family Office, Astrotricha Capital SEZC, and S3 Consortium (Stocks Digital), alongside local and global investors. The placement was heavily supported, with $7.75 million cornerstoned by prominent investor groups, reflecting strong confidence in RML’s strategic direction.
The Company issued 422 million shares across two tranches, with the first tranche settling around September 26, 2025. The second tranche, contingent upon shareholder approval, will see an additional 80 million shares issued within approximately 60 days. Shareholders will also benefit from warrants, with one option issued for every two shares, exercisable at $0.10 per share until November 2029.
Funding to Propel US Projects and US Market Aspirations
The capital will be directed toward multiple strategic initiatives, including exploration and drilling at the Resolution’s flagship project, Horse Heaven in Nevada, an area rich in antimony, gold, and tungsten. The Company plans to expand its landholdings in the US and explore downstream mineral processing opportunities to add value to its assets.
Recent exploration activities, including rock chip sampling and ongoing drilling, have produced promising results, highlighting the potential for significant resource development.
The Nevada region’s reputation as a mineral-rich hub makes it an ideal location for exploration, with the US government prioritizing the domestic supply of critical minerals to reduce reliance on imports. RML’s strategic positioning in this region aligns well with national security objectives and the global push for sustainable energy solutions.
A key component of RML’s strategy is to position itself for a NASDAQ listing, aiming to align with US critical minerals giants such as MP Materials Inc. and Perpetua Resources.
CEO Aharon Zaetz expressed enthusiasm about the investor support and the potential to meet US national security mineral supply needs.
He quoted,
“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.”
Industry Significance and Project Valuation
RML’s projects play a key role as the demand for critical minerals continues to grow. Antimony, used in flame retardants and electronics, and tungsten, vital for high-strength alloys in aerospace and defence, are increasingly sought after in global markets. Gold remains a stable asset class and a hedge against economic uncertainties.
As exploration progresses and resource estimates expand, the value of these projects could unlock substantial commercial potential. They are viewed as key assets within the expanding US critical mineral sector, attracting interest from government agencies, industry players, and investors eager to support domestic resource security.
Critical Minerals Market Outlook
The global critical minerals market is projected to grow from US$ 328.19 billion in 2023 to US$ 586.63 billion by 2032. Global demand for antimony, tungsten, and gold is projected to rise sharply due to their role in defence, electronics, and clean energy. The US government is prioritizing the domestic supply of critical minerals to reduce reliance on imports. Rising geopolitical tensions and supply chain risks shift focus to secure, localised production.
Global Critical Minerals Market [DataMIntelligence]
Market Response
- Last Price: AUD 0.051
- Day Range: AUD 0.050 – 0.054.
- 52-Week Range: AUD 0.007 – 0.093.
- Market Capitalisation: ~AUD 75.27 million.
- 1-Year Return: Up 218.75%, significantly outperforming the sector (+208.91%) and ASX 200 (+211.01%).
- Year-to-Date Performance: +325%, reflecting strong momentum through 2025.
- Trading Volume: 44.18 million shares traded vs a 4-week average of 17.82 million, indicating heightened investor activity.
- Shares on Issue: ~1.25 billion.
A Promising Path Forward
Resolution Minerals’ successful funding round strengthens its mission to develop US critical mineral assets. With strong investor support and strategic exploration in Nevada, RML is poised to drive clean energy, bolster national security, and deliver long-term value for shareholders.
