Solitario Resources Announces Share Issuance to Newmont Under the Amended Investor Rights Agreement
Rhea-AI Summary
Solitario Resources (NYSE American:XPL) completed a share issuance to Newmont Overseas Exploration under an amended investor rights agreement.
The company sold 305,195 shares at $0.77, raising US$235,000. Newmont now holds 8,759,162 shares, or about 9.4% of Solitario, maintaining its prior ownership level. Net proceeds will fund exploration and general corporate purposes.
Positive
- US$235,000 gross proceeds from sale of 305,195 shares at $0.77
- Newmont maintains approximately 9.4% ownership with 8,759,162 shares
- No underwriter or placement agent fees, preserving sale proceeds
- Proceeds allocated to advance core exploration projects and corporate purposes
Negative
- New share issuance increases outstanding share count and dilutes existing shareholders
News Market Reaction – XPL
In the May 13 session, XPL gained 5.43%, reflecting a notable positive market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. Trading volume was very high at 4.3x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 13 | Conference presentation | Positive | +3.5% | CEO presentation at Mining Forum Europe highlighting core projects and plans. |
| Mar 10 | Drilling plan filing | Positive | +13.6% | Filed Plan of Operations for maiden core drilling at Bright Angel project. |
| Feb 27 | Conference participation | Positive | -1.3% | PDAC 2026 attendance and one-on-one meetings to showcase key projects. |
| Feb 26 | Permit decision | Positive | +3.6% | USFS Decision Memo approving Ponderosa drilling plan on Golden Crest. |
| Jan 22 | Asset acquisition | Positive | +4.4% | Acquired Bright Angel copper-gold project, expanding exploration portfolio. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent operational and project advancement news often coincided with positive price reactions; 4 of the last 5 announcements saw gains within 24 hours.
Over the last few months, Solitario has advanced multiple projects and investor outreach. It added the Bright Angel gold-copper project on Jan 22, 2026, followed by a positive USFS Decision Memo for Ponderosa drilling on Feb 26. The company engaged investors via PDAC attendance on Feb 27 and filed a Bright Angel drilling Plan of Operations on Mar 10. A CEO presentation at Mining Forum Europe on Apr 13 continued this visibility push. Today’s Newmont share issuance fits within this ongoing capital and project development framework.
Key Terms
at-the-market program financial
Investor Rights Agreement financial
at-the-money program financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, CO / ACCESS Newswire / May 13, 2026 / Solitario Resources Corp. ("Solitario" or the "Company") (NYSE American:XPL)( TSX:SLR) is pleased to announce the purchase and sale of 305,195 shares (the "Shares") of Company common stock, at a price of
Upon the issuance of the Shares, Newmont will hold 8,759,162 shares of Solitario common stock or approximately
Chris Herald, President and CEO of Solitario, stated: "We are delighted that Newmont elected to exercise its right to maintain its ownership stake in Solitario and its equity ownership in Solitario."
The Company did not engage an underwriter or registered placement agent for the Sale, and there were no underwriter discounts or commissions or placement agent fees. The net proceeds of the Sale will be used to advance the Company's exploration activities at its core projects and for general corporate purposes. Additional information regarding the Sale will be included in one or more reports to be filed by the Company with the Securities and Exchange Commission and United States and Canadian regulatory agencies, and this press release is subject to the further detail provided in such reports.
About Solitario
Solitario is a natural resource exploration company focused on potential high-quality Tier-1 gold, zinc, copper, and critical metals projects. The Company's common stock is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario owns a
For More Information Please Contact:
Christopher Herald, President and CEO, 303-534-1030, Ext. 1
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws), that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical facts. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve numerous risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement a mining plan, if any, at any of its mineral properties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, gold, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Solitario's filings and reports with the U.S. Securities and Exchange Commission (the "SEC"), including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
SOURCE: Solitario Resources Corp.
View the original press release on ACCESS Newswire