Solitario Resources Issues Shares to Newmont

Solitario Resources Corp., a Denver-based exploration company, has announced a share issuance to Newmont Overseas Exploration Ltd., under an amended investor rights agreement. This move involves the sale of 305,195 shares of Solitario's common stock, priced at $0.77 each, resulting in gross proceeds of $235,000. This transaction allows Newmont to hold approximately 9.4% of Solitario's outstanding shares, maintaining its prior interest level.

The proceeds from the sale will advance exploration activities at Solitario's core projects and support general corporate purposes. Notably, no underwriter or placement agent was engaged for this sale, resulting in no additional fees or commissions. Further information will be disclosed in upcoming regulatory filings with the SEC and Canadian agencies.