Solis Minerals Ltd - Mining Stock Analysis & Updates

Solis Announces Succesful Closing of Tranche 2 Placement

Solis Minerals closed Tranche 2 of a placement raising over A$2.6M, issued shares, options, and performance rights, with additional shares pending and specific trading restrictions.

Solis Announces Additional High-Grade Copper Confirmed at Cinto, Peru

Solis Announces Drilling to Commence at Chancho al Palo, Peru

Solis Minerals has received drilling approvals for its copper-gold project Chancho al Palo in Peru, with a 7,500-meter campaign set to begin soon. Ilo Este drilling permits are expected shortly. The company aims to identify large-scale mining resources in the region.

Solis Minerals Announces TSXV Approval of Tranche 2 Placement Closing Date

Solis Minerals Limited updates on its Tranche 2 placement, receiving a 30-day extension from the TSX Venture Exchange due to a Special Shareholder Meeting. The company focuses on copper exploration in South America, holding 81 concessions in Peru.

Solis Announces Closing of Tranche 1 of the Placement

Solis Minerals Ltd. announced the successful closure of Tranche 1 of its Placement, raising A$1,866,703.70 by issuing 21,961,220 CDIs at A$0.085 each. Tranche 2 requires shareholder approval in April 2025. The company focuses on copper exploration in South America.

Solis Minerals Announces $4.5 Million Placement Bolsters Funding Ahead of Drilling in Copper-Rich Region of Peru

Solis Minerals has secured A$4.5 million through a placement to institutional investors, including A$205,000 from Directors, pending shareholder approval. Funds will support drilling at Ilo Este and Chancho al Palo, pre-drilling at Cinto, and regional target work.

Solis Announces New Copper-Gold Porphyry and IOCG Targets Confirmed at Chocolate Project, Peru

Solis Minerals Limited reports promising rock geochemical assays from the Chocolate Project in Peru, revealing multiple copper-gold targets. Notable grades include 4.92% Cu and 2.47 g/t Au. Drilling permits for priority projects are progressing, indicating strong exploration potential.

Solis Minerals Announces Mitch Thomas Appointed as Chief Executive Officer and Mike Parker to Transition to Technical Director

Solis Minerals Limited has appointed Mitch Thomas as CEO, bringing extensive experience from Latin Resources and Rio Tinto. Mike Parker will shift to a technical role. The company anticipates a significant drilling campaign in 2025 in southern Peru.

Solis Minerals Provides Updated on Exploration Activities at the Cinto Project in Peru

Solis Minerals Limited announced significant copper porphyry mineralization at the Cinto Project in Peru, with key findings including 23.4m at 0.88% Cu. The project, located near Toquepala mine, shows geological similarities and plans for drilling are set for 2025.

Solis Minerals Encounters Copper Mineralisation Encountered During Reconnaissance at Canyon Project

Solis Minerals Limited has confirmed the presence of widespread copper oxide mineralisation at the Canyon Project in Peru. Initial sampling found copper occurrences over a distance of 400m. High levels of copper and molybdenum were also found, indicating a porphyry-style mineralisation. The company plans to conduct follow-up remote sensing, mapping, and rock geochemistry to identify prospective zones within their large application area. Future drilling programs across multiple copper projects in the Coastal Belt of Peru are planned from Q1 2025.