Resolution Minerals appoints industry heavyweights Steve Promnitz and Brett Lynch to drive US critical minerals strategy

Steve Promnitz and Brett Lynch, known for building billion-dollar companies, will guide Resolution Minerals’ US-focused critical minerals strategy.

Bringing in the big guns: Resolution has appointed Steve Promnitz and Brett Lynch as senior strategic advisors. Pic: Getty Images.

• Resolution Minerals appoints Steve Promnitz and Brett Lynch as senior strategic advisors

• They have built more than $7bn in market capitalisation for their respective ASX critical minerals companies

• Move comes as the US fast-tracks mining permits for key minerals to strengthen domestic supply chains

Special Report: Resolution Minerals is supercharging its US-focused critical minerals strategy by appointing highly respected mining executives Steve Promnitz and Brett Lynch as senior strategic advisors.

The appointments of the duo, who have collectively built more than $7bn in market capitalisation through transformational leadership of ASX-listed critical minerals companies, comes as the White House fast-tracks mining permits for key minerals to strengthen self-reliance and reduce dependence on imports.

RML’s Horse Heaven Project has supplied the U.S. Government with antimony and tungsten in World War I, World War II and the Korean War. Horse Heaven is located directly adjacent to Perpetua Resources’ Stibnite Antimony Mine (PPTA.NAS, A$3 billion market cap) in Idaho, USA. Horse Heaven’s geological model is a direct analogue to Stibnite, bearing a strong resemblance to it’s A$3 billion neighbour.

Recent developments highlighting the U.S. Administration’s push include the Pentagon’s US$400m investment in MP Materials, the operator of the only rare earths mine and processing facility in the US, that was followed by iPhone manufacturer Apple’s US$500m investment.

These and other developments underscore the timeliness of Resolution Minerals’ (ASX:RML) move to bring in the big guns in Promnitz and Lynch, who are intimately familiar with developing US-based mining assets and have extensive US and international institutional investor networks.

Additionally, they bring not only technical and strategic insight but also direct experience in navigating the US regulatory, commercial and investor landscapes.

They will support the company’s transition into a US-focused critical minerals growth story, supported by an imminent, fully permitted drilling campaign at the Horse Heaven project in Idaho’s historical Stibnite mining district targeting antimony, tungsten, gold and silver.

“The appointments of Steve Promnitz and Brett Lynch mark a significant inflection point for Resolution,” managing director Ari Zaetz said.

“These are two of the most accomplished executives in the critical minerals space, each with a proven track record of creating billions in shareholder value through disciplined North American expansion.

“Their combined experience and networks will be invaluable as we scale Resolution into a North America-facing critical minerals growth story.”

Proven growth

Promnitz joined Lake Resources (ASX:LKE) in November 2016 and transformed the $1m market cap explorer into a $3bn critical minerals company through its Kachi lithium project in Argentina.

Lynch developed Sayona Lithium (ASX:SYA) into a multi-billion US critical metals giant through the acquisition and restart of North American Lithium.

Both senior strategic advisors will help RML develop the entire downstream process and infrastructure for the mining, refining and supply of output materials.

They will also support its US business development, which includes sourcing and negotiating offtake agreements, commodity trading and other commercialisation activities, as well as identifying other commercial opportunities to unlock asset value.

Promnitz and Lynch will promote the company to North American institutions, brokers, funds, UHNW investors and the broader investment community while providing support with US OTC listing, having familiarity with the process through the OTC listings of their respective former companies.

Other work will include the development and implementation of the company’s strategic and operational plans; identifying and evaluating operational efficiencies across exploration, procurement and logistics; and providing input on risk management strategies relating to exploration activities, production, compliance and stakeholder relations.

“RML’s Horse Heaven project has the urgently needed strategic minerals in a prime location with significant upside, as an extension to an adjoining major project. It may well be Stibnite 2.0,” Promnitz said (referring to next door neighbour Perpetua Resources’ A$3 billion Stibnite Mine).

“I’ve been on the lookout for the right critical minerals opportunity for some time that has size, scale, location, upside and a clear path to development - and Horse Heaven meets this criteria.”

Lynch added that RML was uniquely placed to become one of the leading critical metals companies operating in the US.

“In the USA, with its history and proximity to Perpetua - one of the largest permitted antimony/gold mines in USA – it’s already off to a flying start,” he noted.

“Combine this with extremely supportive White House policies for local production and record gold and antimony prices, it makes this the right project at the right time in my view.

“I look forward to helping steer this journey and creating extraordinary shareholder returns.”

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.

Originally published as Resolution Minerals appoints industry heavyweights Steve Promnitz and Brett Lynch to drive US critical minerals strategy