Resolution Minerals (ASX:RML) has completed its acquisition of the Johnson Creek Tungsten & Antimony Mill, including associated infrastructure and 2,000 tonnes of tungsten ore stockpiles.
Located in Idaho, USA, this acquisition is positioned to advance potential US production of critical minerals, specifically antimony and tungsten.
The acquired assets are adjacent to the company's Horse Heaven Project, a site with a historic connection to US defence efforts, having supplied antimony during World War I, World War II, and the Korean War.
Resolution intends to utilise this acquisition to position itself as one of the few US-focused critical minerals companies with potential "in-house processing capability" for antimony, tungsten, and gold.
With an urgent need to rebuild US critical metal supply chains, RML aims to bring the Horse Heaven site back into production on an expedited timeframe.
The acquisition secures not only the processing mill but also industrial water rights, electrical infrastructure, and support facilities across approximately 25 acres of private land.
It is important to note that the provided figures are classified as a "historical estimate and a foreign estimate" and are not currently reported in accordance with the JORC (2012) Code.
At the time of reporting, Resolution Minerals' share price was $0.043.