Resolution Minerals (ASX:RML) secured $20 million through a successful institutionally-led placement.
The capital raise, cornerstoned by prominent backers Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund, was completed at a 6.3% premium to the 20-day volume-weighted average price.
The injection of funds is earmarked to accelerate the company’s US critical minerals strategy, specifically targeting the development of the Horse Heaven Project.
The announcement comes at a pivotal moment for the explorer as it nears an imminent NASDAQ listing.
The move is expected to drastically improve market liquidity and position Resolution alongside major US-listed critical mineral peers.
Growth prospects are further bolstered by the White House granting FAST-41 status to the Antimony Ridge project.
The federal designation recognises the site as a strategically important asset and is set to fast-track permitting timelines for large-scale bulk sampling and extensive drilling operations.
Operationally, the company has achieved a milestone by producing 99.38 wt% high-purity antimony trioxide, proving its downstream processing capabilities.
To maintain this momentum, a 13,700-metre Phase 2 drilling programme will commence in May at the Golden Gate and Golden Gate South prospects, aiming for a maiden mineral resource estimate by early 2027.
The leadership team is also expanding, with Brett Lynch—noted for scaling Sayona Mining into a multi-billion-dollar entity—joining the board of directors to guide the company through its next phase of rapid industrial growth.
At the time of reporting, Resolution Minerals’ share price was $0.074.