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Resolution Minerals Ltd. ( (AU:RML) ) has provided an update.
Resolution Minerals has raised A$20 million through an institutionally led placement at a premium to its recent trading price, backed by Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund. The funds will accelerate drilling, metallurgical test work and permitting at the Horse Heaven Project, including antimony, tungsten, gold and silver targets.
The company is preparing an imminent NASDAQ listing to broaden U.S. investor access and trade alongside major critical mineral peers, while recently granted FAST-41 status is expected to speed permitting at its Antimony Ridge prospect. Resolution is also launching a 13,700-metre Phase 2 drilling program at its Golden Gate target in May to advance a maiden gold Mineral Resource Estimate by 2027 and has strengthened its board with experienced director Brett Lynch.
The most recent analyst rating on (AU:RML) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Resolution Minerals Ltd. stock, see the AU:RML Stock Forecast page.
More about Resolution Minerals Ltd.
Resolution Minerals Ltd is an Australia-based exploration and development company focused on U.S. critical minerals, particularly antimony, tungsten, gold and silver. The company is building a U.S.-based development platform centered on its Horse Heaven Project and related assets, aiming to supply strategically important minerals amid rising geopolitical concerns over domestic supply security.
Average Trading Volume: 32,716,641
Technical Sentiment Signal: Hold
Current Market Cap: A$167.8M
For an in-depth examination of RML stock, go to TipRanks’ Overview page.