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An announcement from Solis Minerals Ltd ( (TSE:SLMN) ) is now available.
Solis Minerals Ltd. has successfully closed Tranche 1 of its Placement, raising A$1,866,703.70 through the issuance of 21,961,220 CHESS Depositary Interests over common shares. This move increases the company’s total issued equity capital to 109,806,103 shares. The completion of Tranche 2 is pending shareholder approval, expected in early April 2025. The placement strengthens Solis Minerals’ financial position, potentially enhancing its exploration capabilities in the copper-rich regions of South America, thereby reinforcing its strategic market positioning.
More about Solis Minerals Ltd
Solis Minerals Limited is an emerging exploration company focused on developing its South American copper portfolio. The company is strategically positioned in the Coastal Belt of Peru, holding 81 exploration concessions across 69,200 hectares. Led by a team with extensive experience in the mining industry, Solis Minerals aims to capitalize on the growth opportunities in the mineral-rich region of South America, a key player in the global copper export market.
YTD Price Performance: -10.0%
Average Trading Volume: 76,995
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$7.91M
See more data about SLMN stock on TipRanks’ Stock Analysis page.