Financing ·
Resolution Minerals secures $10M loan facility and reports gold extension at Horse Heaven
RMLResolution Minerals Ltd
Resolution Minerals Ltd entered into a non-dilutive $10 million loan facility with Harbour Capital Opportunities Fund, managed by Oakley Capital. The first $2.5 million tranche is available for immediate drawdown, with additional tranches subject to mutual agreement and shareholder approval. The facility carries a 12% annual interest rate, a six-month maturity per drawdown, and includes lender fees paid in cash, shares, and quoted options. Concurrently, the company reported subsequent assay results from Golden Gate North confirming a 500-meter extension of gold mineralisation. At quarter-end, Resolution held $1.64 million in cash after expending $6.34 million on exploration activities for its Horse Heaven Antimony-Tungsten-Gold-Silver Project in Idaho, USA.