Solitario Resources Corp. has raised US$116,745 in gross proceeds through the purchase and sale of 135,750 shares of common stock at a price of $0.86 per share.

The transaction was executed under the terms of an Amended and Restated Investor Rights Agreement dated June 11, 2025, allowing Newmont Overseas Exploration Ltd. to exercise its right to maintain its equity ownership interest. Newmont acquired the shares at the average price of stock sold through Solitario Resources Corp.’s at-the-market program between April 7, 2026, and July 29, 2026.

Following the issuance, Newmont holds 8,894,911 shares of common stock, representing approximately 9.4% of the company's outstanding shares and preserving its pre-program interest level. The transaction was completed without engaging an underwriter or registered placement agent, incurring no underwriting discounts, commissions, or placement fees.

Solitario Resources Corp. stated that net proceeds from the sale will be allocated to advance exploration activities across its portfolio of core assets, including the Golden Crest gold project in South Dakota alongside the Cat Creek and Bright Angel projects in Colorado. In addition to its 100%-owned assets, Solitario holds interests in the Florida Canyon zinc project in Peru operated by Nexa and the Lik zinc project in Alaska operated by Teck.

“We are delighted that Newmont elected to exercise its right to maintain its ownership stake in Solitario and its equity ownership in Solitario.”

— Chris Herald, President and CEO

Exploration across the portfolio is supported by ongoing active work in the region. Within the surrounding district, Dakota Gold Corp. reported assay results including 26.3 metres grading 11.36 g/t gold at its Richmond Hill gold project in July 2026.

Solitario Resources Corp. expects to receive assay results for the remaining seven core holes of its phase-one drilling program at the Golden Crest project's Ponderosa area in late September or October 2026.

Read the full announcement: Solitario Resources Announces Share Issuance to Newmont Under Amended Investor Rights Agreement