on Solitario Resources Corp. (NASDAQ:XPL)
Solitario Resources Sells Shares to Newmont under Amended Agreement
Solitario Resources Corp. announced the sale of 135,750 shares of its common stock to Newmont Overseas Exploration Ltd. The transaction, priced at $0.86 per share, resulted in gross proceeds of $116,745. This sale occurred under the amended Investor Rights Agreement between Solitario and Newmont, effective since June 2025. Newmont's acquisition maintains its 9.4% ownership in Solitario's stock.
The proceeds will support Solitario's exploration activities and general corporate needs. The sale proceeded without underwriter involvement, minimizing costs. Further sale details will appear in forthcoming regulatory filings. Chris Herald, CEO of Solitario, expressed satisfaction with Newmont's decision to maintain its investment in the company.
R. H.
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