Resolution snaps up Idaho mill, paving the way for America’s next antimony and tungsten hub

• Resolution enters into a sale and purchase agreement to acquire all the shares in Remington Capital
• It includes the option to acquire the Johnson Creek tungsten and antimony mill and antimony camp properties
• Once up and running, Johnson Creek will make Resolution one of the few antimony, tungsten and gold companies with its own processing capability

Special Report: Resolution Minerals has pulled off a move that could light a fire under America’s critical minerals revival after locking in the acquisition of a processing mill and tungsten stockpiles sitting right next to the Horse Heaven project in Idaho.

Resolution (ASX:RML) has entered into a sale and purchase agreement to acquire 100% of the shares in Remington Capital, with an option to acquire the Johnson Creek tungsten and antimony mill and Antimony Camp properties.

With this mill in hand, Resolution can leapfrog years of development time, giving it a direct path to US-based antimony-tungsten production – two minerals the Pentagon has flagged as urgent priorities for defence and clean-tech supply chains.

The 25-acre private site comes with an established processing mill, power and water infrastructure, as well as two historical tungsten stockpiles from the old Golden Gate mine.

It’s a rare setup in a jurisdiction where suitable private land is notoriously scarce.

But once recommissioned, RML could become one of only a handful of companies in the US with the ability to process antimony, tungsten and gold in-house.

Offtake discussions, funding and downstream partnerships

Resolution says the acquisition could also accelerate offtake discussions, strengthen eligibility for US Department of Defense funding and give it a physical base for smelting, refining and downstream product partnerships.

It also creates room for a permanent exploration camp, core facilities and operational support as Horse Heaven scales up.

Historically, Golden Gate was mined for tungsten from the 1950s through to 1980, while the nearby Antimony Ridge prospect saw small-scale mining through World War 1, World War 2 and the Korean War, ceasing only when demand dropped.

With metallurgical testing already underway on Horse Heaven antimony samples, Resolution is now assessing the best options to restart short-term antimony production, potentially plugging a key supply gap for the Pentagon’s defence-grade antimony requirements.

Pivotal role in critical minerals push

Strategic adviser to Resolution, Brett Lynch, says he sees this as a pivotal point for the company to establish itself as a leader in solving the US administration’s need to secure antimony and tungsten for national security.

“Horse Heaven is a unique deposit as it has demonstrated strong evidence of three valuable commodities present on site – antimony, tungsten and gold,” he said.

“This move toward production status catapults RML into pole position when approaching the US Government for permitting funding and offtake negotiations.”

Sitting beside Perpetua Resources’ $4 billion Stibnite project, Horse Heaven is fast emerging as a potential hub for America’s next generation of critical metals.

The company recently hit a standout intercept from its first hole at the Golden Gate prospect, confirming an intrusive-related gold system similar to Stibnite just 6km away.

The hit of 189.2m at 1.3g/t gold, finishing in mineralisation, is the first to test unoxidised material at the Horse Heaven project in central Idaho, US, and is being treated as a genuine discovery hole.

This article was developed in collaboration with Resolution Minerals, a Stockhead advertiser at the time of publishing.  

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.