Australia's Resolution Minerals falls on discounted placement

Resolution Minerals

23/04/2026 05:34

** Shares of Resolution Minerals RML.AX fall as much as 8.8% to A$0.07, their lowest level since April 13

** Precious minerals explorer receives firm commitments for A$20 million ($14.28 million) placement

** Issue price of $0.07 per share represents a discount of 12.5% to stock's last close

** RML says proceeds to accelerate development through further exploration drilling, tungsten and antimony metallurgical test work and permitting across the Horse Heaven Project

** About 55.8 million shares change hands, 1.3 times the 30-day avg

** Stock is up 50% YTD, including the session's moves

($1 = 1.4006 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))