ASX:RML) (FRA:NC3) is pleased to advise that the Company has elected to acquire 100% of the Benmara Project from Strategic Energy Resources Limited (SER) - see initial announcement on 15 December 2020. The consideration for the final stage of the agreement of outright purchase of the Benmara Project (EL32228) comprises a payment of $250,000 in RML shares or cash, at RML's election. Resolution has elected to make payment via the issue of 13,773,778 shares as approved by shareholders at today's Annual General Meeting. The number of shares has been calculated using the VWAP over the 5 day period prior to RML's election to proceed. The consideration shares will be issued on 12 November 2021.
About Resolution Minerals Ltd
Resolution Minerals Ltd (ASX:RML) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals - such as antimony, gold, copper, and uranium.
Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.
Contact
Duncan ChessellManaging Director
duncan@resolutionminerals.com
Julian Harvey
Investor Relations
j.harvey@resolutionminerals.com
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