Resolution Minerals Receives $2m Investment from Tribeca for Horse Heaven Project Development

Resolution Minerals (ASX: RML) has attracted a further $2 million in international funding for the accelerated development of its Horse Heaven critical minerals asset in the US.

Asia Pacific financier and advisory firm Tribeca Investment Partners has committed to the placement in Resolution as it continues ramp-up exploration activities at the antinomy and gold project.

Resolution will issue Tribeca 25 million shares at $0.08, along with the same number of options with an exercise price of $0.10 and a three-year expiry.

US Interest Growing

The new investment comes just over a month after Resolution received strong backing from sophisticated international and local investors to raise a total of $25.1m to support its Horse Heaven plans.

It also comes as Resolution and Horse Heaven are expected to feature discussions between Australian Prime Minister Anthony Albanese in his meeting today with US President Donald Trump and his staff.

Mr Albanese will provide Mr Trump with an update on the company’s downstream critical mineral processing initiatives and its current multi-pronged exploration program.

Resolution sees Horse Heaven as a highly attractive opportunity to support the US government’s aims to develop a domestic critical minerals supply chain, with its sizeable antimony potential of significant interest.

Proven Antimony Production

Demand for antimony – which has many essential uses in modern industries and the defence sector – has soared in recent times with China, the main global producer of the metal, severely restricting its exports.

Horse Heaven produced both antimony and tungsten during World War I, World War II, and the Korean War—confirming the project’s strategic significance as a potential source of military-grade antimony.

Home to a number of past-producing antimony and tungsten mines, the 14,580-acre project has several high-priority target areas for follow-up, including the Golden Gate and Antimony Ridge prospects.

Resolution is focusing its ongoing drilling at Golden Gateon confirming historical drilling and expanding known mineralisation at depth and along strike.

Established Mining Region

Importantly, Horse Heaven is located in a well-established mining area in Idaho, with Perpetua Resources currently upgrading critical infrastructure to support the development of its Stibnite project.

Due to its high-grade and low strip ratio, Perpetua expects its Stibnite project to become one of the largest high-grade, low-cost gold mines in the US and, once in production, the only domestic source of antimony.

The Horse Heaven and Stibnite projects share a common boundary.