Solitario Resources Announces Share Issuance to Newmont Under Amended Investor Rights Agreement
Solitario Resources sold 135,750 common shares to Newmont Overseas Exploration Ltd. at $0.86 per share for total gross proceeds of US$116,745, under the Amended and Restated Investor Rights Agreement dated June 11, 2025. The purchase was priced at the average price of Solitario's at-the-market program sales from April 7 through July 29, 2026, and lifts Newmont's holding to 8,894,911 shares, approximately 9.4% of shares outstanding, maintaining its pre-ATM ownership level. No underwriter or placement-agent fees were paid, and proceeds will advance exploration at core projects plus general corporate purposes.
Key figures
- Deal Value Usd
- 116745
- Offering Price
- 0.86
- Shares Offered
- 135750
- Ira date
- June 11, 2025
- Cash balance usd
- 7600000
- Atm pricing period
- April 7, 2026 through July 29, 2026
- Gross proceeds usd
- 116745
- Shares outstanding
- 94800000
- Newmont shares held
- 8894911
- Newmont ownership pct
- 9.4%
- Management ownership pct
- 7.7%
AI analysis
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