Resolution Minerals Pursues NASDAQ Listing to Enhance Development of Horse Heaven Critical Minerals Project
Resolution Minerals (ASX: RML) has appointed investment advisors Dominari Securities and Revere Securities to assist in its proposed listing on New York’s NASDAQ exchange.
The listing strategy comes at a crucial time as the company seeks to fast-track development of its Horse Heaven antimony-tungsten-gold-silver project in Idaho.
Resolution – which will retain its listing on the ASX – expects the move to strengthen its emerging status as a potential supplier of critical metals for US defence needs.
Timely Listing
Resolution managing director Ari Zaetz said the time was right for the dual listing.
“It is a prudent time for us to enter the biggest liquidity capital market in the world given the increasing global recognition and appreciation of antimony and tungsten within the US investment community,” he said.
“The support we have received from Dominari and Revere for our plans and vision to restore the US critical metals supply chain has been extremely encouraging,” he said.
“We are honoured to be able to leverage their extensive networks and relationships to assist with making our company more visible to the North American investment market and enhance the Horse Heaven project to its full potential.”
Capital Market Access
Listing on the NASDAQ will provide Resolution with access to deeper capital markets and increase its visibility to US federal funding programs.
It could also assist with corporate opportunities such as mergers, acquisition and joint ventures and potentially ease the company’s path to securing long-term supply agreements.
“North American investors are becoming increasingly aware of our position to potentially offer a solution to the US government’s need for critical minerals supply chain security, national security and national defence through the development of the Horse Heaven project.”
Project Acquisition
Resolution acquired Horse Heaven in June to address growing US demand for critical minerals.
The project comprises 699 US federal lode mining claims over 56 square kilometres—689 mining claims and 10 lode mining claims.
This so-called “Oberbillig Group” contains strong mineralisation across the Antimony Ridge and Golden Gate fault zones that have historically produced antimony, tungsten and artisanal gold.
Resolution believes Horse Heaven could host up to 15 kilometres of additional strike length containing mineralised faults and shears traversing favourable host rocks.