Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
NNX 0.035 +0.0% ABX 51.92 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.70 +9.1% TUNG 1.74 +3.0% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.49 +0.9% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.305 −4.7% DEX 0.390 +1.3% WMS 0.040 +0.0% NNX 0.035 +0.0% ABX 51.92 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.70 +9.1% TUNG 1.74 +3.0% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.49 +0.9% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.305 −4.7% DEX 0.390 +1.3% WMS 0.040 +0.0%
Other Routine +

Solitario Resources Announces Share Issuance to Newmont Under the Amended Investor Rights Agreement

Newmont Stake Maintenance Validates Portfolio Despite Discounted Issuance

By The Northwire Desk — AI Analysis May 13, 2026 · 08:30 SLR · 1.19 Solitario Resources Corp.
Executive Summary
  • Solitario Resources Corp. completed a share issuance to Newmont Overseas Exploration Ltd. on May 13, 2026.
  • Transaction involved 305,195 common shares sold for gross proceeds of US$235,000.
  • Price per share was $0.77, determined by the average price of shares sold through Solitario's at-the-market program between November 13, 2025, and April 6, 2026.
  • Following issuance, Newmont holds approximately 9.4% of Solitario's outstanding common stock (8,759,162 shares).
  • Proceeds are designated for advancing exploration activities at core projects and general corporate purposes.
  • No underwriter or placement agent was engaged; no commissions were paid.
Material Impact
  • The capital raise amount ($235,000) is immaterial relative to the company's cash position (estimated >$9 million USD based on prior financing).
  • Newmont maintaining its 9.4% stake signals continued strategic confidence in Solitario's asset base, specifically Golden Crest and Bright Angel projects.
  • The issuance price ($0.77) was significantly below the current market trading range ($1.15-$1.30), representing a dilutive event for existing shareholders at a discount to market value.
  • This transaction executes an existing Amended Investor Rights Agreement (IRA); it is not new information but rather the fulfillment of prior commitments.
  • The impact on stock price is likely neutral to slightly positive due to strategic endorsement, though the discount may cap upside momentum in the short term.
SLR · Price
Company Overview
  • Flagship Project: Golden Crest (South Dakota), a 31,500-acre property in the historic Homestake-Wharf gold district.
  • Project Status: Drilling program initiated; Phase 1 completed with high-grade silver intercepts reported (e.g., 1,445 g/t Ag). Phase 2 targeting Ponderosa area pending permits.
  • Secondary Projects: Bright Angel (Colorado) - Gold-Copper porphyry target acquired Jan 2026; Cat Creek (Colorado) - Critical Metals Mo-Re project permitted for summer 2026 drilling.
  • Ownership: Solitario holds 100% interest in Golden Crest, Cat Creek, and Bright Angel mineral estates.
  • Management: Chris Herald serves as President and CEO; Walter Hunt is the Qualified Person (NI 43-101).
Read the original news release →

More from Solitario Resources Corp.

Jun 17, 2026 · 08:30

Solitario advances drilling across three U.S. assets, with assay results expected in August as the stock tests resistance levels.

Drill Results Mar 10, 2026 · 19:51

Solitario plans to conduct drilling at Bright Angel

Drill Results Mar 10, 2026 · 08:30

Bright Angel drilling plan filed as Solitario advances multi-project exploration in the U.S. with Newmont-led equity support and upcoming Ponderosa/Golden Crest program

Drill Results Feb 26, 2026 · 19:06

Solitario to begin drilling at Ponderosa in mid-May

Drill Results Feb 26, 2026 · 08:30

Solitario clears final regulatory hurdle for high-grade Ponderosa gold target as drilling looms

Drill Results Jan 22, 2026 · 18:20

Solitario acquires Bright Angel gold-copper project

M&A / Property