Welcome to our dedicated page for Solitario Resources news (Ticker: XPL), a resource for investors and traders seeking the latest updates and insights on Solitario Resources stock.
Solitario Resources Corp. (NYSE American: XPL) is a mining and metals exploration company located at 4251 Kipling Street, Suite 390, Wheat Ridge, Colorado, USA. The company's core focus is on the acquisition, exploration, and development of zinc properties and other precious metals across safe jurisdictions in North and South America.
Solitario boasts a diverse portfolio of joint venture interests in major zinc development projects. Among the company's flagship assets are the Florida Canyon Zinc Project in Peru, which is co-developed with Nexa Resources S.A., and the Lik Zinc Project in Alaska, in partnership with Teck Resources. Additionally, Solitario has the Golden Crest Project in South Dakota, where its exploration efforts have delineated significant high-grade gold mineralization across several large target zones.
The company's Florida Canyon Project is a high-grade zinc deposit held in a 39%/61% joint venture with Nexa Resources. Recent developments include community agreements to support ongoing exploration and the planned drilling of 4,000 meters targeting high-grade extensions. Permitting is in place to expand drilling activities significantly, with efforts supported by extensive geophysical surveys and geological studies.
At the Lik Zinc Project, a 50/50 venture with Teck Resources, Solitario is set to conduct core drilling to extend known mineralization zones. The use of advanced geophysical surveys aims to identify deeper mineral deposits, further enhancing the project's potential.
Solitario's Golden Crest Project has recently yielded impressive discoveries, including the Wild Rose and Geyser gold zones, where surface sampling has shown high-grade gold values. The U.S. Forest Service has published a favorable environmental assessment for the proposed drilling program, paving the way for further exploration.
Financially, Solitario is robust, with substantial cash reserves and marketable securities. The company recently bolstered its financial position through a $2.5 million private placement, increasing its largest shareholder, Newmont’s, stake to 9.95%. The proceeds will fund ongoing exploration and corporate activities.
Solitario maintains a strong commitment to Environmental, Social, and Governance (ESG) principles, ensuring that its operations positively impact the environment and local communities. The company collaborates with top-tier partners who share its values in responsible resource development.
For more detailed information about Solitario Resources Corp., visit their website at www.solitariozinc.com.
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