SOLITARIO RESOURCES CORP.

Newmont made a follow-on investment of $999,999 (1,587,300 shares), raising its stake in Solitario to about 9.4%, and the two companies upgraded Newmont's rights over the Golden Crest properties from a right of first offer to a full right of first refusal while broadening the properties' defined area.

capital raising announcement

Solitario closed a separate, larger private placement - 8,631,818 shares at $0.55 for $4.75 million - sold directly without a placement agent.

capital raising announcement

Longtime partner Newmont made a direct $2.5 million equity investment in Solitario (4,166,667 shares) and signed an Investor Rights Agreement giving it participation rights in future equity raises, a right of first offer on any sale or joint venture involving Solitario's Golden Crest gold properties, a right of first refusal on Golden Crest debt financing, and ongoing information rights - a strategic stake with real influence over the company's flagship exploration asset.

capital raising announcement

After a regulatory review, Solitario amended its Florida Canyon technical report to add required disclosures and retracted an unsupported internal mine-life study it had shown investors at a conference - while noting it had also picked up an early-stage gold property, Gold Coin, in Arizona.

resource reserve update

Solitario's joint venture partner Nexa Resources - the successor to Votorantim's zinc business - more than doubled the inferred zinc resource at the Florida Canyon project in Peru based on 2018-2019 drilling.

resource reserve update

Solitario released a positive preliminary economic assessment for its Florida Canyon (formerly Bongara) zinc project in Peru, its joint venture with Compania Minera Milpo, showing a $198 million after-tax NPV.

resource reserve update

Solitario completed its acquisition of Zazu Metals, renaming itself Solitario Zinc Corp. to reflect its new zinc focus; the deal more than tripled the company's measured and indicated zinc-equivalent resources by adding the Lik deposit in Alaska alongside its existing Peru zinc project.

business combination

Now cash-rich after the Mt. Hamilton sale, Solitario agreed to acquire Zazu Metals Corporation - owner of the Lik zinc deposit in Alaska - in an all-stock deal that would give Zazu shareholders about 34% of the combined company.

business combination

Solitario closed the sale of its Mt. Hamilton interest to Waterton for $24 million, using part of the proceeds to pay off its RMB credit facility in full and cancel a large block of Ely Gold shares it held under an earlier consent agreement.

asset acquisition disposition

Solitario agreed to sell its 80% interest in the Mt. Hamilton project to Waterton for $24 million, cashing out of the Nevada gold project after five years of development.

material agreement

Solitario released an updated Mt. Hamilton feasibility study with higher near-term gold production and increased reserves compared to its original 2012 study.

resource reserve update

Solitario reported its first formal resource estimate for the high-grade Bongara zinc project in Peru, with measured and indicated resources grading 13% zinc.

resource reserve update

Solitario secured a new $5 million credit facility from RMB Australia Holdings, drawing an initial $1.5 million to cover arrangement fees and pay down short-term margin loans, with further borrowing restricted to Mt. Hamilton development and earn-in costs.

capital raising announcement

Sandstorm Gold bought a 2.4% royalty on the Mt. Hamilton project for $10 million, providing non-dilutive financing toward the mine's development.

material agreement

Solitario released a feasibility study for Mt. Hamilton's Centennial gold-silver deposit showing robust economics, with life-of-mine cash costs of $535 per gold-equivalent ounce.

resource reserve update

Solitario's Mt. Hamilton joint venture bought down 2 percentage points of an underlying royalty for $2.52 million and optioned the adjacent Shell gold-molybdenum property, improving the project's economics.

material agreement

Solitario raised about $7.8 million in a public stock offering to fund feasibility work at Mt. Hamilton and exploration in Peru and Mexico.

material agreement

Solitario and Ely Gold formalized their Mt. Hamilton joint venture, contributing their respective interests to a new LLC in which Solitario initially holds 10%, with the right to earn up to 80% by funding further exploration and feasibility work.

material agreement

Solitario began core drilling at its newly optioned Mt. Hamilton gold project in Nevada and paid a $300,000 advance royalty as it worked toward forming a joint venture with Ely Gold & Minerals, where it can earn up to an 80% interest.

joint venture update

Solitario signed the original letter of intent to joint-venture Ely Gold & Minerals' Mt. Hamilton gold project in Nevada, where it could earn up to an 80% interest, and made an initial CDN$500,000 equity investment into Ely as part of the deal.

capital raising announcement

Solitario disclosed a second restatement, this time correcting how it had accounted for years of earn-in payments from Anglo Platinum on the Pedra Branca project, reclassifying them as a deferred liability rather than equity or expense credits.

financial restatement

Metallic Ventures Gold walked away from Solitario's bid after accepting a superior offer from a rival bidder, but Solitario collected the $2.2 million break fee it had negotiated.

business combination

Solitario raised its bid for Metallic Ventures Gold to $18 million cash plus 19.5 million shares and extended the deal deadline, as a bidding contest for the target intensified.

business combination

Solitario agreed to acquire Metallic Ventures Gold for about $15.5 million in cash and 17 million shares, its first attempt at a major corporate acquisition.

business combination

Solitario said it would restate financial statements back to 2006 after discovering its Canadian-dollar-denominated employee stock options should have been booked as liabilities rather than equity - a non-cash accounting error with no effect on cash, assets or reported fraud.

financial restatement

Newmont walked away from its option on Solitario's Pachuca Real silver-gold project in Mexico, leaving Solitario with full ownership; separately, new drilling at the Pedra Branca project in Brazil expanded the high-grade Curiu deposit as Anglo Platinum's stake there grew toward 30%.

material agreement termination

Solitario and Votorantim Metais formed a second Peruvian joint venture, on the regional Chambara zinc project, with Votorantim able to earn up to 70% by funding exploration and a feasibility study - expanding their partnership beyond the existing Bongara project.

material agreement

Anglo Platinum completed its initial $2.25 million earn-in for a 15% stake in Solitario's Pedra Branca platinum-palladium project in Brazil, with rights to earn up to 65%; the same day, Votorantim Metais made a $100,000 payment on its option over Solitario's Bongara zinc project in Peru, where it can earn up to 70%.

material agreement

Solitario and Newmont signed definitive agreements formalizing their South American gold exploration alliance and the Cdn$4.59 million Newmont private placement, and restated the royalty terms on Solitario's land package around Newmont's Yanacocha mine.

material agreement

Solitario signed letters of intent for a broader strategic alliance with Newmont to explore South America - funded by a Cdn$4.59 million Newmont private placement into Solitario - and to amend its existing royalty on the land surrounding Newmont's giant Yanacocha gold mine in Peru, adding a $4 million work commitment from the mine's owners.

material agreement

Solitario signed a deal letting Newmont earn up to a 65% interest in its La Tola gold property in Peru by funding $7 million of exploration, while Solitario keeps a royalty on any future production.

farm in farm out agreement