Resolution Minerals targets US investors with dual listing in wake of Horse Heaven acquisition

Resolution Minerals (ASX: RML) is looking to take advantage of growing US investor interest in the company by fast-tracking its listing on the US over-the-counter (OTCQB) market.

The company is in the final phase of completing its OTCQB listing, which follows its recent agreement to acquire the Horse Heaven antimony-gold-silver-tungsten project in Idaho.

Resolution sees the move as a potential stepping-stone to a future listing on the NASDAQ.

Growing investor interest

“Listing on the OTCQB market is a strategic move that aligns with our vision of becoming a globally recognised developer of what we believe will become a major antimony, gold, silver and tungsten deposit,” executive director Aharon Zaetz said.

“Given the growing interest in RML from US institutions and a broader investor base since announcing the Horse Heaven project agreement, this dual listing will allow us to connect with a much larger investor audience […] and unlock the benefits of being accessible to the biggest equity market in the world.”

The company has particular interest in investors involved in the hugely successful Perpetua Resources, whose Stibnite antimony-gold project sits next door to Horse Heaven.

Perpetua has seen its share price increase sixfold since February 2024 to an almost $2 billion market cap.

Antimony appetite

“Appetite from US investors for US-based antimony and critical metals exposure is very strong in light of the current favourable market and Resolution will now be able to offer these investors exposure to one of the best American antimony assets,” Mr Zaetz said.

Resolution says a stronger American presence also opens up the potential for claiming US Department of Defense funding and potential White House fast-tracking of permitting as the US attempts to overcome its significant critical minerals shortages.

Mr Zaetz also revealed the company is considering other attractive opportunities in the country including potential further acquisitions, mergers, joint ventures and other corporate opportunities.

Moving into Idaho

Resolution reached an agreement earlier this week to purchase Horse Heaven via a deal that will see it make a cash payment of $1 million and issue the vendors an aggregate of 444.8 million fully paid ordinary shares for the project.

Horse Heaven has a historical non-JORC gold resource of 216,000 ounces of gold in 7,256,800 tonnes of material at a grade of 0.93 grams per tonne at its main Golden Gate Hill deposit.

The smaller Antimony Hill deposit contains a gold resource of 70,000oz in 3,174,850t of material at a grade of 0.69g/t.