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Resolution Minerals Ltd (ASX:RML)

ALERT: Price-sensitive ASX Announcement for RML
Current share price for RML : $0.050 -0.033 (-39.76%)+
Announcement
Release
31 Oct 2025 9:48AM
Price at Release
$0.083
Full Release
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Summary
Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) has announced its plan to acquire a processing mill and tungsten stockpiles to accelerate its antimony and tungsten production capabilities in the United States. This acquisition is strategically located on 25 acres of private land next to RML's Horse Heaven Gold-Tungsten-Antimony Project in Idaho, USA. The agreement involves acquiring 100% shares in Remington Capital Corporation, which has an option to purchase the Johnson Creek Tungsten & Antimony Mill and Antimony Camp properties. This move is aimed at enhancing RML's downstream capabilities in the highly prospective Horse Heaven–Perpetua region, a significant critical minerals belt in North America. The acquisition includes the processing mill, existing tungsten stockpiles, and associated infrastructure, positioning RML as a potential hub for critical metal production in the U.S. The deal is expected to provide several strategic advantages, including expedited production, improved offtake discussions, and enhanced permitting and funding opportunities with the U.S. Department of War.
Key Points
  • RML to acquire processing mill and tungsten stockpiles in Idaho, USA.
  • Acquisition involves 100% shares in Remington Capital Corporation.
  • The site is adjacent to RML's Horse Heaven Gold-Tungsten-Antimony Project.
  • Acquisition aims to enhance RML's downstream supply chain capabilities.
  • Positions RML for faster production and strategic negotiations in the U.S.
  • Includes strategic location for base camp and future processing activities.
  • Acquisition expected to complete by late November or early December 2025.
  • The acquisition includes historic tungsten ore stockpiles.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.