4 June 2026auditor change● Neutral
Now renamed back to Solitario Resources Corp., the company changed auditors again after Assure CPA merged into Sadler, Gibb & Associates, which took over as its independent accounting firm.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 June 2025capital raising announcement▲ GoodMajor
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.
16 Oct 2023capital raising announcement▲ GoodMajor
Solitario closed a separate, larger private placement - 8,631,818 shares at $0.55 for $4.75 million - sold directly without a placement agent.
What it means for a shareholder
8.6m new shares at US$0.550 to raise about US$4.8m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held US$1,000 of shares (1,818 at the issue price), your slice goes from 0.00263% to 0.00234% of the company. To keep it you'd need 227 more shares - about US$125 at the issue price.
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2 Aug 2023capital raising announcement▲ GoodMajor
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.
30 June 2023auditor change● Neutral
Solitario appointed Assure CPA as its independent auditor after a competitive selection process.
28 May 2021resource reserve update▼ BadMajor
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.
8 Apr 2021resource reserve update● Neutral
Solitario filed the formal technical report backing its previously announced Florida Canyon resource increase.
24 Feb 2021resource reserve update▲ GoodMajor
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.
2 Feb 2021material agreement● Neutral
Solitario set up an at-the-market equity program with H.C. Wainwright to sell up to $9 million of stock over time.
23 Apr 2020material agreement● Neutral
Solitario took a $70,000 federal Paycheck Protection Program loan from KeyBank as the COVID-19 pandemic disrupted markets.
4 Oct 2018auditor change● Neutral
Solitario's auditor EKS&H combined with Plante & Moran, resulting in a swap of its accounting firm as part of that merger.
8 Aug 2017resource reserve update▲ GoodMajor
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.
14 July 2017business combination▲ GoodMajor
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.
1 May 2017business combination▲ GoodMajor
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.
22 Sept 2015asset acquisition disposition● Neutral
Solitario filed the required pro forma financial statements for its completed Mt. Hamilton sale to Waterton.
28 Aug 2015asset acquisition disposition▲ GoodMajor
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.
10 Aug 2015material agreement● Neutral
Solitario extended its $5 million credit facility with RMB Australia Holdings to buy time to close the pending Mt. Hamilton sale to Waterton.
12 June 2015material agreement▲ GoodMajor
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.
21 Oct 2014resource reserve update▲ GoodMajor
Solitario released an updated Mt. Hamilton feasibility study with higher near-term gold production and increased reserves compared to its original 2012 study.
23 June 2014resource reserve update▲ GoodMajor
Solitario reported its first formal resource estimate for the high-grade Bongara zinc project in Peru, with measured and indicated resources grading 13% zinc.
3 Mar 2014capital raising announcement▲ Good
The $1.68 million private placement closed as announced.
21 Feb 2014capital raising announcement▲ Good
Solitario lined up commitments for a private placement of 1,600,000 shares at $1.05 (about $1.68 million), using Haywood Securities as placement agent for the Canadian portion.
What it means for a shareholder
1.6m new shares at US$1.05 to raise about US$1.7m. That's 4.1% dilution: every existing holder's slice gets 4.1% smaller. If you held US$1,000 of shares (952 at the issue price), your slice goes from 0.00254% to 0.00244% of the company. To keep it you'd need 41 more shares - about US$43 at the issue price.
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27 Nov 2013capital raising announcement▲ Good
Solitario funded $1.3 million into Ely Gold & Minerals stock to help Ely complete a payout to Augusta Resource Corporation, satisfying Solitario's outstanding $1.75 million Ely-investment commitment under the evolving Mt. Hamilton joint-venture agreement.
19 July 2013capital raising announcement▲ Good
Solitario raised about $2.06 million in a private placement (2,451,892 shares at $0.84), with insiders - CEO Herald, COO Hunt, CFO Maronick, Chairman Labadie and director Harris - buying roughly a quarter of the offering themselves.
What it means for a shareholder
2.5m new shares at US$0.840 to raise about US$2.1m. That's 6.6% dilution: every existing holder's slice gets 6.6% smaller. If you held US$1,000 of shares (1,190 at the issue price), your slice goes from 0.00343% to 0.00321% of the company. To keep it you'd need 84 more shares - about US$71 at the issue price.
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24 May 2013material agreement● Neutral
Solitario amended two underlying mineral leases on the Mt. Hamilton project, trading reduced near-term cash lease payments for stock issued to the property owners.
16 Aug 2012capital raising announcement▲ GoodMajor
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.
2 July 2012capital raising announcement▲ Good
CEO Christopher Herald and CFO James Maronick bought Solitario stock directly from the company (180,000 and 45,000 shares at $1.22, about $274,500 combined), a board- and audit-committee-approved insider purchase; the companies also modified the Mt. Hamilton operating agreement with Ely's subsidiary DHI.
What it means for a shareholder
45,000 new shares at US$1.22 to raise about US$54,900. That's 0.13% dilution: every existing holder's slice gets 0.13% smaller. If you held US$1,000 of shares (820 at the issue price), your slice goes from 0.00238% to 0.00238% of the company. To keep it you'd need 1 more shares - about US$1 at the issue price.
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13 June 2012material agreement▲ GoodMajor
Sandstorm Gold bought a 2.4% royalty on the Mt. Hamilton project for $10 million, providing non-dilutive financing toward the mine's development.
24 Feb 2012resource reserve update▲ GoodMajor
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.
18 May 2011material agreement▲ GoodMajor
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.