Resolution Minerals (ASX: RML) has achieved a major milestone in its plans to fast-track critical minerals processing in the USA with an agreement to acquire the Johnson Creek tungsten and antimony mill near its Horse Heaven project in Idaho.
The company has made the processing of materials to support the US government's critical minerals supply chain strategy a major focus since acquiring Horse Heaven in mid-2025.
Now – less than six months after making that company-changing acquistion – Resolution is on track to become one of the few antimony, tungsten, and gold companies in the US with its own in-house processing capability.
Leading Critical Minerals Belt
The historical Johnson Creek mill sits in one of North America’s leading critical minerals belts, adjoining the Horse Heaven project—which is in turn adjacent to Perpetua Resources’ $4 billion Stibnite mine.
The agreement will see Resolution acquire 100% of Remington Capital Corporation, holder of an option to acquire the past-producing mill facility.
The purchase also includes significant tungsten stockpiles and a site featuring storage buildings, industrial water rights, and electrical power, where Resolution may conduct future processing activities.
Resolution will pay approximately $1.9 million to the owner of the Johnson Creek mill and associated properties, reimburse Remington approximately $76,200 related to a deposit it previously paid, and issue 70 million fully paid ordinary shares and 35 million options to Remington shareholders.
The company is confident the acquisition will help it achieve fast-tracked permitting and obtaining US Department of War funding.
Downstream Integration
Senior strategic adviser Brett Lynch said the acquisition would also enable the company to seek partnerships for further downstream integration such as smelting, refining and product offtakes.
“I see this as a pivotal point for Resolution to establish itself as a leader in solving the US administration’s immediate need to secure antimony and tungsten for its national security requirements," Mr Lynch said.
"Horse Heaven is a unique deposit, as it has demonstrated strong evidence of three valuable commodities present on site—antimony, tungsten, and gold.”
“This move toward production status catapults Resolution into pole position when approaching the US government for permitting funding and offtake negotiations.”
Resolution has commenced an assessment of potential methods to restart the processing of high-grade antimony from the Antimony Ridge prospect in the short-term and is undertaking metallurgical testing of high-grade antimony samples from Horse Heaven.
