Solitario Announces Appointment of New Director

Rhea-AI Summary

Solitario Zinc Corp. (NYSE American: XPL) has appointed Debbie Mino-Austin to its Board of Directors. Mino-Austin, who previously served as Vice-President of Investor Relations for over 30 years, brings significant industry expertise. Her role will also include chairing the company's Health, Safety, Environmental, and Social Responsibility Committee, indicating a strong commitment to ESG issues. The Board has expanded its size from six to seven directors to enhance governance. Solitario holds key interests in zinc projects in Alaska and Peru and maintains a cash balance of approximately US $8 million.

Positive

• Experience of Debbie Mino-Austin in corporate operations and mining industry is expected to enhance Board effectiveness.
• Mino-Austin's focus on ESG issues aligns with growing investor interest in non-financial factors.

Negative

• Potential concerns about continuity in leadership prior to Mino-Austin's appointment, given her retirement in 2018.

DENVER, CO / ACCESSWIRE / April 20, 2022 / Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to announce that the Solitario Board of Directors (the "Board") has appointed Ms. Debbie Mino-Austin to join the Board of Solitario and will be added to the slate of Directors to stand for re-election at the forthcoming 2022 annual shareholders' meeting.

Ms. Mino-Austin worked for more than thirty years with increasing responsibility at Solitario, most recently as Vice-President of Investor Relations, before retiring in 2018. She has a unique understanding of corporate operations and the mining industry in general, the structure and goals of Solitario as well the investment community associated with the junior mining industry. Ms. Mino-Austin currently serves on the board of directors of the Yoakum National Bank in Yoakum, Texas. Ms. Mino-Austin received her B.S. degree magna cum laude from Texas A&M University.

Brian Labadie, Chairman of the Board stated: "The Board believes Ms. Mino-Austin's experience and knowledge will benefit Solitario and compliment the current Board members' experience in the areas of exploration geology, mining technology, accounting and administration. We are extremely pleased to have Debbie join the board where she will spearhead the Company's commitment to addressing ESG issues as the Chair of Solitario's Health, Safety, Environmental, and Social Responsibility Committee. Solitario recognizes that our stakeholders are increasingly applying these non-financial factors as part of their analysis process in identifying investment opportunities."

Prior to Ms. Mino-Austin's appointment, the Board voted to expand the number of Directors from six to seven.

About Solitario
Solitario is a natural resource exploration and development company focused on high-quality Tier-1 gold and zinc projects. The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its Golden Crest project, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario is carried to production through its joint venture arrangement with Nexa. Solitario's Management and Directors hold approximately 9.3% (excluding options) of the Company's 64.7 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US $8 million. Additional information about Solitario is available online at www.solitariozinc.com.

Solitario has a long history of committed Environmental, Social and Responsible Governance ("ESG") of its business. We realize ESG issues are also important to investors, employees and all stakeholders, including communities in which we work. We are pledged to operate our business in a manner that supports environmental and social initiatives and responsible corporate governance.

For More Information Please Contact:
Valerie Kimball
Director - Investor Relations
(720) 933-1150
(800) 229-6827

Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/698081/Solitario-Announces-Appointment-of-New-Director

FAQ

What is the significance of Debbie Mino-Austin's appointment to Solitario Zinc Corp.?

Debbie Mino-Austin's appointment to the Board is significant as she brings over three decades of experience with the company and the mining industry, which will enhance the Board's governance and focus on ESG issues.

How has Solitario Zinc Corp. addressed ESG issues with the new board appointment?

Solitario Zinc Corp. has prioritized ESG issues by appointing Debbie Mino-Austin as Chair of the Health, Safety, Environmental, and Social Responsibility Committee, reflecting a commitment to non-financial factors important to stakeholders.

What is the current financial state of Solitario Zinc Corp. after the board expansion?

Post-expansion, Solitario Zinc Corp. reports a cash balance and marketable securities totaling approximately US $8 million, which supports its ongoing operations and project development.

How many directors are currently on Solitario Zinc Corp.'s Board?

Solitario Zinc Corp.'s Board has expanded from six to seven directors following the appointment of Debbie Mino-Austin.