Mining & Metals
Solitario Resources Announcing Share Issuance to Newmont Under Amended Investor Rights Agreement
Solitario Resources Corp. (NYSE American:XPL and SLR.TO) announced Wednesday the purchase and sale of 305,195 shares in company common stock, at a price of $0.77 per share for total gross proceeds of US$235,000.A statement noted the Sale was made under the terms of the Amended and Restated Investor Rights Agreement dated June 11, 2025 between Solitario and a wholly owned subsidiary of Newmont Corporation. It noted Newmont chose to exercise a right to acquire the shares as permitted by the IRA at the average price of shares sold through Solitario's at-the-market program sales from Nov. 13, 2025, through April 6, 2026.Upon the issuance of the shares, Newmont will hold 8,759,162 shares of Solitario common stock or approximately 9.4% of the outstanding shares, maintaining Newmont's interest prior to the current period's at-the-money program, the statement said.Chris Herald, President and CEO of Solitario, said: "We are delighted that Newmont elected to exercise its right to maintain its ownership stake in Solitario and its equity ownership in Solitario."Shares in SLR edged up $0.01 to $1.19 on the TSX yesterday. It was at last look down 1.9% in US premarket, having risen 2.3% in regular trade there yesterday.
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