American Depositary Receipts (ADRs) are negotiable U.S. securities issued by a U.S. bank, referred to as a "depositary bank," that typically represent a non-U.S. company's equity. ADRs trade freely in global markets and facilitate cross-border trading.
ADRs allow non-U.S. companies to make their shares available outside their home markets and allow investors in the U.S. and elsewhere to easily invest in companies on a more global basis.
Resolution’s listed ADRs are traded on the NASDAQ under the ticker RLMLF.
The ADR ratio provides the number of underlying shares represented by one ADR.
One (1) RML ADR is equivalent to 200 RML ordinary shares traded on the ASX.
The ADR price is quoted in U.S. dollars and is determined by the relative supply and demand for the ADR. The ADR price generally trades close to parity with the ordinary share price on the ASX when accounting for the ADR ratio and foreign exchange rate.
Investors in the U.S. may benefit from holding ADRs instead of ASX ordinary shares because they trade, clear and settle according to U.S. market conventions.
ADRs allow U.S. investors to buy non-U.S. securities and hold them in U.S. brokerage accounts. ADRs also allow access to price and trading information, U.S. dollar dividend payments and corporate action notifications.
Resolution Minerals ADRs are traded on the NASDAQ under ticker RSMIY and can be purchased through a broker, just as you would buy other U.S. securities.
You cannot purchase ADRs directly from Resolution.
BNY Mellon is the depositary bank for Resolution's ADRs and plays a key role in the process of issuance and cancellation of ADRs.
For more information on BNY Mellon and ADRs, please visit:
The depositary bank may charge an annual Depositary Service Fee of up to U.S.$0.05 per ADR. This is typically collected from the broker or other intermediary that holds the ADRs on your behalf. Your broker may pass this fee on to you directly or it may be part of the annual fee that you pay to maintain your brokerage account.
Section 5.9 of the ADR Deposit Agreement discloses all applicable fees. A copy can be found here.
The depositary bank may charge an annual Depositary Service Fee of up to U.S.$0.05 per ADR. This is typically collected from the broker or other intermediary that holds the ADRs on your behalf. Your broker may pass this fee on to you directly or it may be part of the annual fee that you pay to maintain your brokerage account.
Section 5.9 of the ADR Deposit Agreement discloses all applicable fees. A copy can be found here.
Converting ASX-listed ordinary shares into ADRs can be done through your broker.
To convert your ordinary shares into ADRs:
Your broker's back office will be familiar with the ordinary share-to-ADR conversion process. Should your broker have a settlement enquiry, they can contact: drsettlements@bnymellon.com.
You should contact your broker if you are interested in converting your RLMLF OTC shares to ADRs. Your broker should be familiar with the process and will need to arrange for the delivery of the underlying ordinary shares, which represent your Resolution OTC holding, to HSBC in Australia as outlined in the response to “How do I convert my ASX-listed shares into ADRs?” above.
There will be an issuance fee of up to US$5.00 per 100 ADRs (or portion thereof) charged by The Bank of New York Mellon for the issuance of the ADRs. The exchange of your dematerialised ordinary shares will need to be managed by your broker as ordinary shares need to be transferred electronically to The Bank of New York Mellon prior to the issuance of ADRs. Your selected broker may also levy an administrative charge for managing the exchange process.
Between 2 January 2026 and 27 February 2026, BNY Mellon will waive the ADR issuance fee. Your broker’s back office will be able to arrange for this when settling an ADR issuance on your behalf.
A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than his or her own, such as the name of the broker, bank or nominee.
For registered holders, ownership is registered by the depositary bank and is evidenced by an account statement provided by the depositary.
Registered owners can hold physical ADR certificates. Please contact BNY Mellon using the contact information below for more information.
BNY Mellon Shareowner Services
P.O. Box 505000
Louisville, KY 40233-5000
U.S. Toll Free Telephone: 1-888-BNY-ADRS (1-888-269-2377)
Telephone for International Callers: 1-201-680-6825
Website: www.mybnymdr.com
E-Mail: shrrelations@cpushareownerservices.com
Using this facility U.S. institutions, brokers and investors can now buy RML shares in the U.S. via their U.S. brokers and settle in US dollars.
