Resolution Minerals Launches $2.25M Capital Raise to Advance Horse Heaven Copper-Gold Project
Resolution Minerals Ltd (ASX: RML) has announced a $2.25 million capital raise through a non-renounceable rights issue, aimed at funding exploration activities at its promising Horse Heaven copper-gold project in Arizona, USA. This move marks a strategic push into one of the most mineral-rich regions in North America. The offer is structured as a 2-for-3 entitlement issue at $0.007 per share, giving eligible shareholders a chance to increase their stake at a discount. The funds raised will primarily go toward geophysical surveys, drilling programs, and advancing resource definition at the Horse Heaven site. Horse Heaven is strategically located in a Tier-1 mining jurisdiction with proximity to significant infrastructure, including roads, power, and processing facilities. The project holds strong potential for both porphyry-style copper mineralisation and high-grade gold. Managing Director Christine Lawley emphasized the company’s focus on unlocking shareholder value by...