Resolution Minerals: Launches $1m placement for lithium investment

Resolution Minerals Launches $1m placement for lithium investment

• Resolution Minerals (RML) is raising $1.03 million to acquire a 5 per cent stake in US lithium explorer Midwest Lithium
• The company plans to place 103 million shares at one cent per share to Australian and US investors to raise the funds
• Recently-appointed executive director Mark Holcombe will be issued 10 million shares to raise an additional $100,000
• Resolution Managing Director Steve Groves says the company is “very excited” to invest in a “quality hard-rock lithium asset” in the world-class Black Hills region of South Dakota
• RML shares are trading grey at 1.1 cents at 1:41 pm AEDT