Solis Minerals Limited Registered as an Australian Company

Rhea-AI Summary

Solis Minerals (ASX: SLM / OTC: SLMFF) registered as an Australian company effective 8 December 2025 following shareholder approval on 16 September 2025. The continuance converts existing Canada-registered common shares/CDIs into fully paid ordinary shares on a 1:1 basis so shareholders hold shares directly and tradeable on ASX.

An indicative ASX timetable lists key events: last CDI trading and ASX name change on 12 Dec 2025, deferred settlement trading from 15 Dec, Canadian register closure on 16 Dec, CDI cancellation and end of deferred settlement on 23 Dec, and holding statements despatched on 24 Dec 2025.

Positive

• Australian continuance effective 8 Dec 2025
• Shares convert 1:1 to fully paid ordinary shares
• Shareholders will hold shares directly and trade on ASX
• Holding statements despatched to shareholders on 24 Dec 2025

Negative

• Deferred settlement trading until 23 Dec 2025
• Closure of Canadian share register on 16 Dec 2025

Key Figures

Australian registration date 8 December 2025 Effective date of Australian company registration

Shareholder approval date 16 September 2025 AGM and Special Meeting approving continuance

Last CDI trading day 12 December 2025 Final day for trading Solis Minerals Ltd CDIs on ASX

Deferred trading start 15 December 2025 Start of deferred settlement trading in Solis Minerals Limited shares

Canada register closure 16 December 2025 Closure of Solis Minerals Ltd share register in Canada

CDI cancellation date 23 December 2025 Cancellation of CDIs and registration of new shares

Holding statements despatch 24 December 2025 Despatch of holding statements to shareholders

Share conversion ratio 1:1 CDIs become fully paid ordinary shares on ASX

Market Reality Check

$0.0016 Last Close

Volume Volume 1,000 is far below the 20‑day average of 14,878 (relative volume 0.07). low

Technical Price at $0.05 is trading below the 200‑day MA at $0.08, reflecting a weaker longer‑term trend.

Peers on Argus

Copper peers showed modest declines with PERSHING RESOURCES CO INC at -2% and BELL COPPER CORP at -7.89%, while SLMFF was flat at 0%, pointing to stock‑specific dynamics around the domicile change.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	Exploration update	Positive	+66.7%	New Cucho geophysical modelling identified multiple compelling drill targets.
Oct 20	Project acquisition	Positive	+287.7%	Agreement to acquire up to 75% of Cucho Copper Project with option to 100%.
Oct 20	Capital raise	Positive	+287.7%	A$5.9M placement to fund Cucho acquisition and broader Peruvian exploration.
Oct 15	Reporting change	Neutral	+287.7%	Shift in financial year‑end to December 31 for better planning alignment.
Oct 14	Board appointment	Positive	+287.7%	Appointment of experienced non‑executive director linked to Australian registration.

Pattern Detected

Recent corporate, financing and project news has coincided with strong positive price reactions, suggesting high sensitivity to company updates.

Recent Company History

Over recent months, Solis announced several milestones, including acquiring up to 75% of the Cucho Copper Project on Oct 20, 2025 and a related A$5.9 million placement the same day. A Cucho geophysical update on Dec 02, 2025 and a financial year‑end change on Oct 15, 2025 also drew strong positive moves. A board appointment tied to Australian registration on Oct 14, 2025 preceded today’s formal Australian company registration and ASX timetable for converting CDIs to ordinary shares.

Market Pulse Summary

The stock dropped -60.0% in the session following this news. A negative reaction despite this largely administrative change would have contrasted with earlier strong gains on project and financing news, yet the stock already traded about 75.1% below its 52‑week high. The Australian registration and CDI‑to‑share conversion on a 1:1 basis did not alter project fundamentals, so any selloff would likely have reflected positioning, liquidity, or broader risk appetite rather than a direct change in asset quality.

Key Terms

chess depositary interests financial

"All shareholders will then hold Shares directly ... rather than through CHESS Depositary Interests (CDIs)"

CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.

cdIs financial

"Accordingly, all existing CDIs will be cancelled and new holding statements will be issued"

CDIs (CHESS Depositary Interests) are local certificates that represent ownership of foreign shares so investors can buy, sell and hold those stocks on a domestic exchange without moving the underlying shares across borders. Think of a CDI as a local receipt for a foreign share: it gives most economic rights and easier trading in local currency and settlement systems, which matters to investors for access, liquidity, and the practical handling of dividends and corporate actions.

deferred settlement basis financial

"Trading in Solis Minerals Limited shares on a deferred settlement basis."

A deferred settlement basis means payment and/or delivery for a securities transaction are scheduled for a later date than usual, so ownership and cash transfer occur after the trade is announced. For investors this changes when money is due, when they legally own the shares, and who bears price or settlement risk in the interim — like agreeing to buy a car now but paying and picking it up a week later, with any price or condition changes in between affecting each party.

asx settlement pty limited regulatory

"ASX Settlement Pty Limited revokes its approval of the Solis Minerals Ltd CDIs."

ASX Settlement Pty Limited is the organization that runs the system which finalizes share trades on the Australian Securities Exchange and keeps the official electronic record of who owns listed securities. It matters to investors because it is the gatekeeper that makes sure when you buy or sell shares the trade is completed, ownership and payments are transferred correctly and on time — like a settlement office that records and completes a property sale so both buyer and seller get what they expect.

uncertificated shareholdings financial

"new holding statements will be issued in support of the uncertificated shareholdings"

Uncertificated shareholdings are ownership stakes recorded electronically instead of as a physical paper certificate, like having a digital receipt for stock rather than a printed deed. They matter to investors because electronic records make buying, selling, transferring and proving ownership faster and cheaper, but they also rely on accurate registries and secure systems, so investors should watch for administrative errors or cybersecurity risks that could affect their rights.

AI-generated analysis. Not financial advice.

West Leederville, Western Australia--(Newsfile Corp. - December 10, 2025) - Solis Minerals Limited (ASX: SLM) (Company) advises that it has been registered as an Australian company effective from 8 December 2025 (Australian Continuance).

The continuance from Canada to Australia was previously approved by the Company's shareholders at the Company's Annual General and Special Meeting held on 16 September 2025.

ASX Timetable

As part of the Australian Continuance, the Company's common shares (previously registered in Canada and listed on the TSX-V) will become fully paid ordinary shares (Shares) on a 1:1 basis. All shareholders will then hold Shares directly in the Company rather than through CHESS Depositary Interests (CDIs) and those Shares will be tradeable on ASX. Accordingly, all existing CDIs will be cancelled and new holding statements will be issued in support of the uncertificated shareholdings (in replacement for the existing CDI statements).

The below table details the outstanding events in relation to the Australian Continuance.

Event	Date
Last day for trading in Solis Minerals Ltd CDIs on ASX. ASX to change name from Solis Minerals Ltd to Solis Minerals Limited.	12 December 2025
Trading in Solis Minerals Limited shares on a deferred settlement basis.	15 December 2025
Last day for Company to register transfers of CDIs and shares as Solis Minerals Ltd.	16 December 2025
Closure of the Solis Minerals Ltd share register in Canada.	16 December 2025
ASX Settlement Pty Limited revokes its approval of the Solis Minerals Ltd CDIs.	17 December 2025
Revocation of trust by CHESS Depositary Nominees Pty Ltd in accordance with ASX Settlement Operating Rule 13.5A.1.	18 December 2025
Cancellation of the Solis Minerals Ltd CDIs. Registration of Solis Minerals Limited shares to the former Solis Minerals Ltd shareholders and CDIs holders. Deferred settlement trading ends.	23 December 2025
Despatch of holding statements to Solis Minerals Limited shareholders.	24 December 2025

 

Note: The above timetable is indicative only and subject to change.

This announcement was authorised for release by the Board of Solis Minerals Limited.

For inquiries regarding this release, please contact:

Contact Mitch Thomas Chief Executive Officer  Solis Minerals Limited +61 458 890 355

Media & Broker Enquiries: Fiona Marshall & Jason Mack  White Noise Communications  fiona@whitenoisecomms.com  jason@whitenoisecomms.com +61 400 512 109

 

About Solis Minerals Limited

Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis Minerals is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis Minerals, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277633

FAQ

When did Solis Minerals (SLMFF) become an Australian company?

The company was registered as Australian effective 8 December 2025.

What is the share conversion ratio for Solis Minerals (SLMFF) after continuance?

All existing shares/CDIs convert to fully paid ordinary shares on a 1:1 basis.

When will Solis Minerals (ASX: SLM) start trading shares on ASX?

Trading on a deferred settlement basis begins on 15 December 2025, with normal trading expected after 23 December 2025.

What happens to existing CHESS Depositary Interests (CDIs) for SLMFF holders?

All existing CDIs will be cancelled and replaced by direct share holdings in the company.

When will former CDI holders receive new holding statements for Solis Minerals shares?

Holding statements are scheduled for despatch on 24 December 2025.

How can investors contact Solis Minerals regarding the Australian continuance?

Investor enquiries can be directed to Mitch Thomas at the phone number provided in the announcement.