Case Studies

Acquisition of foreign resource assets for exploration and development company

Piper Alderman assisted Resolution Minerals in acquiring a significant interest in gold assets in Alaska, United States.

Team: Josh Steele

Service: Capital Markets & Capital Raisings | Corporate & Commercial | Foreign Investment & Trade | Mergers & Acquisitions
Sector: Energy & Resources | Mining

Resolution Minerals Ltd is an ASX-listed mineral exploration and development company focused on precious and base metals like gold, copper, iron ore, cobalt, and vanadium. Its primary strategy is to maintain a diversified exploration portfolio. As a result, an opportunity arose to acquire up to 80% interest in gold assets. The assets in Tintina Gold Province, Alaska, United States, were owned by Millrock Resources Inc (listed on the Toronto Stock Exchange). Successful acquisition would enable Resolution Minerals to diversify its exploration portfolio from copper and cobalt to gold, a significant strategic opportunity for the business.

Considering the strategic importance of the deal, issues of cross-border acquisition laws, ASX listing rules, and foreign investment reviews, Resolution Minerals sought legal assistance. Piper Alderman’s team was well-placed to leverage its capital markets and resources experience to provide holistic advice on the transaction. The deal was successful, enabling the company to expand its exploration portfolio.