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Solis Minerals raises $8 million for Brazilian lithium endeavours

Published: 11:40 09 Jun 2023 AEST

Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) executive director Matt Boyes briefs Proactive on the company’s A$8 million raise, which fully funds it for exploration drilling at the Jaguar and Borborema lithium projects in Brazil. In a vote of confidence in Solis’ strategy, major shareholder Latin Resources also chipped in, increasing its shareholding to just under 18%. Boyes says the funding runway will help get boots on the ground as the explorer prospects for battery metals in some of South America’s most iconic provinces. 

Just the Facts: Solis MineralssSecures A$4.5M for copper drilling in Peru

Solis Minerals Ltd has secured firm commitments for a A$4.5 million placement to institutional and sophisticated investors.The placement, priced at A$0.085 per new share, includes a 1-for-2 unlisted option exercisable at A$0.16 with a two-year term. Directors have committed A$205,000, subject to...

on 26/2/25
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