ResourceTec Bets on Veteran Expertise Amidst Stated Lack of Funds

WEST JORDAN, Utah – January 13, 2026 – In a strategic maneuver that highlights both ambition and acute necessity, junior mining firm ResourceTec Corporation (OTCID: RREE) has appointed two highly decorated industry veterans to its leadership team. The move comes as the company openly acknowledges it currently lacks the capital to pursue its ambitious goals, setting the stage for a high-stakes test of whether top-tier expertise can unlock desperately needed funding.

On January 8, the company welcomed Dr. Deepak Malhotra and Mr. Barry Miller to its Board of Directors. Mr. Miller, an accomplished entrepreneur, will also take on the executive role of Vice President for Corporate Development. These appointments signal a significant bolstering of the company's strategic and technical capabilities as it seeks to navigate the perilous landscape of mineral exploration and development.

A Play for Credibility with Industry Heavyweights

The credentials of the new appointees are formidable and appear tailor-made for a company aiming to find, prove, and monetize valuable mineral assets. Dr. Deepak Malhotra is a globally recognized authority in mineral processing, bringing over five decades of experience to the board. With a Ph.D. in Mineral Economics and multiple patents to his name, Dr. Malhotra has a proven track record of steering processing plants from concept to commercialization, including massive projects with capital costs reaching up to $750 million. His technical acumen is expected to be pivotal in transforming raw prospects into viable operations.

Joining him is Barry Miller, a strategist and entrepreneur with over 30 years of experience in the natural resource sector. Mr. Miller has a history of identifying promising prospects in both critical and precious metals and has led exploration efforts in challenging terrains from the rainforests of South America to the mountains of the Yukon. His new dual role as a director and VP for Corporate Development places him at the nexus of project identification and the crucial task of securing financing.

Company President Mr. Ripplinger commented on the appointments in a press release, stating, "Their combined experience will be invaluable not only with our current projects, but they will also help guide our future activities, to identify prospects, prove them up, and then work to successfully process the mined materials."

The Stark Financial Reality

While the addition of such expertise paints a promising picture, it stands in stark contrast to ResourceTec's stated financial position. In public disclosures, the company is unequivocal: "We presently do not have the funds to achieve these goals." The company, which trades on the OTCID market with a market capitalization of around $3.56 million as of early January, has reported negative net income and has not yet commenced any formal activities to raise the private debt or equity financing it says it needs.

This juxtaposition of world-class leadership and a declared lack of capital is the central drama for ResourceTec. The appointments are widely seen as a strategic gambit—a move to build a management team so compelling that it can de-risk the venture in the eyes of potential investors. For a junior miner, credibility is currency, and by bringing in respected figures like Malhotra and Miller, ResourceTec is making a powerful statement to the market before its formal fundraising push begins.

A Portfolio in its Infancy

ResourceTec's strategy centers on a portfolio approach to assets in the Americas, focusing on the increasingly vital sectors of critical metals and traditional precious metals. The company's most tangible recent step was the November 2025 acquisition of the Gold Coin Concession in Esmeralda County, Nevada. The deal's modest terms—an initial payment of $15,000 against a total price of $62,500, plus a commitment to spend $30,000 annually on exploration—underscore the company's early-stage nature.

The company has noted its use of proprietary "Elemental Harmonic Resonance technology," controlled by its president, to identify areas of interest like Gold Coin. The next steps for the Nevada project involve seeking permits from the Bureau of Land Management (BLM) before any significant trenching or drilling can begin. This project, along with any other prospects the new leadership team helps identify, will be the primary focus of any future capital raised.

The company's history includes a past life as Borneo Resource Investments Ltd., with interests in Indonesia, but its focus has now pivoted firmly to the Americas, a jurisdiction often seen as more stable for mining investment.

The Junior Mining Playbook in a Tight Market

ResourceTec's situation is emblematic of the broader challenges facing the junior mining sector. These small, exploration-focused companies are the lifeblood of the resource industry, responsible for many of the world's major mineral discoveries. However, they operate in a high-risk, capital-intensive environment where funding is a constant struggle. The path from a promising geological survey to a producing mine is long, expensive, and fraught with uncertainty.

In today's market, however, there are powerful tailwinds. The global transition to clean energy has created unprecedented demand for critical minerals, while economic uncertainty continues to bolster the appeal of precious metals like gold as a safe-haven asset. By assembling a leadership team with a history of success, ResourceTec is employing a classic strategy to distinguish itself from hundreds of other junior miners competing for a limited pool of investment capital. The question for investors is whether the 'brains' can secure the 'bucks.' The success or failure of ResourceTec's forthcoming fundraising efforts will serve as a key indicator of whether this leadership-first strategy is a viable playbook for navigating the challenging but potentially lucrative world of modern mineral exploration.