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Solis Minerals Ltd
(SLMN)
Solis Minerals Ltd (SLMN) vs. iShares MSCI Canada ETF (EWC)
Solis Minerals Ltd Business Overview & Revenue Model
Solis Minerals Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -11.54K | -25.59K | -1.53K | -1.94K | -142.00K | -156.00K | EBIT |
| -2.06M | -2.46M | -1.62M | -1.96M | -651.00K | -274.00K | EBITDA |
| -2.03M | -2.47M | -1.46M | -3.11M | -25.99K | -309.00K | Net Income Common Stockholders |
| -10.62M | -11.97M | -1.46M | -3.12M | -185.00K | -492.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 719.70K | 3.92M | 113.04K | 3.57M | 2.55M | 10.05K | Total Assets |
| 9.20M | 11.63M | 5.22M | 7.10M | 6.16M | 3.51M | Total Debt |
| 15.51K | 24.82K | 0.00 | 0.00 | 51.02K | 292.81K | Net Debt |
| -704.19K | -3.90M | -113.04K | -3.57M | -2.50M | 282.76K | Total Liabilities |
| 505.04K | 447.08K | 553.02K | 976.16K | 536.19K | 1.68M | Stockholders Equity |
| 8.70M | 11.18M | 4.66M | 6.13M | 5.62M | 1.83M |
| Cash Flow | Free Cash Flow | ||||
| -3.18M | ― | -2.69M | -3.69M | -626.03K | 53.73K | Operating Cash Flow |
| -1.42M | ― | -1.53M | -1.99M | -425.97K | 53.73K | Investing Cash Flow |
| -1.76M | ― | -1.92M | -1.66M | -200.06K | 0.00 | Financing Cash Flow |
| -10.99K | 10.18K | 0.00 | 4.68M | 3.16M | -53.40K |
Solis Minerals Ltd Technical Analysis
Solis Minerals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.04B | -1.23 | -21.09% | 3.96% | 2.90% | -30.45% | |
43 Neutral | C$8.24M | ― | -102.55% | ― | ― | -135.92% | |
39 Underperform | C$16.88M | ― | -81.80% | ― | ― | ― | |
38 Underperform | C$10.21M | ― | -16.33% | ― | ― | -25.32% | |
36 Underperform | C$5.93M | ― | -235.84% | ― | ― | 47.59% | |
| $4.52M | ― | -4.91% | ― | ― | ― | ||
33 Underperform | C$10.98M | ― | -106.62% | ― | ― | -463.67% |
Solis Minerals Ltd Corporate Events
Solis Minerals Ltd announced significant progress in its copper-gold exploration projects in Peru, supported by a successful A$4.5 million placement. The company identified new copper-gold targets at its Chocolate and Cinto projects and received drilling approvals for its Ilo Este and Chancho al Palo projects, with drilling expected to commence soon. The appointment of Mitch Thomas as CEO, who brings extensive experience in South American operations, is expected to bolster the company’s strategic initiatives. With copper and gold prices at near all-time highs, Solis is well-positioned to capitalize on its exploration activities and strengthen its market positioning.
Spark’s Take on TSE:SLMN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Underperform.
Solis Minerals Ltd faces significant financial challenges, with no revenue and persistent negative profitability metrics, which weigh heavily on the overall stock score. Despite positive technical indicators suggesting potential upward momentum, the valuation concerns and lack of profitability present substantial risks. Recent corporate events and exploration activities offer some optimism, but the financial instability remains the dominant factor.
To see Spark’s full report on TSE:SLMN stock, click here.
Solis Minerals Ltd. successfully closed Tranche 2 of its Placement, raising gross proceeds of A$2,633,296.35 by issuing 30,979,957 CHESS Depositary Interests over common shares and 26,470,627 unlisted options. The placement was approved by shareholders and included performance rights issued to the CEO and Directors. This move strengthens Solis Minerals’ financial position as it continues to explore copper opportunities in South America, enhancing its strategic positioning in the global copper market.
Spark’s Take on TSE:SLMN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Neutral.
Solis Minerals Ltd’s overall stock score is driven by significant financial challenges and valuation concerns, offset by positive technical indicators and promising corporate developments. While exploration activities provide potential upside, the lack of profitability and liquidity issues weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:SLMN stock, click here.
Solis Minerals Ltd has announced additional high-grade copper mineralization at its Cinto Project in Peru, with new channel samples revealing significant copper porphyry mineralization. The results indicate a potential area of mineralization spanning 3km by 0.75km, with similarities to the nearby Toquepala mine. The company is planning an Induced-Polarisation survey and has initiated permitting for drilling in the second half of 2025. This development enhances Solis Minerals’ positioning in the copper exploration sector, potentially increasing its resource base and attracting interest from stakeholders.
Spark’s Take on TSE:SLMN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Neutral.
Solis Minerals Ltd faces significant financial challenges, with no revenue generation and a negative P/E ratio, which are primary factors in the low overall score. While technical analysis shows potential upward momentum, the financial instability and lack of profitability weigh heavily on the stock’s attractiveness. Positive corporate developments provide some optimism but are overshadowed by financial difficulties.
To see Spark’s full report on TSE:SLMN stock, click here.
Solis Minerals Ltd has announced the commencement of a 7,500-meter diamond drilling campaign at its Chancho al Palo copper-gold project in Peru, with drilling expected to begin imminently. The company has also received permits for its Ilo Este project, with drilling anticipated to start soon. These projects are part of Solis Minerals’ strategy to identify significant copper-gold resources in southern Peru, leveraging the current high prices of copper and gold to enhance shareholder value. The projects are located in a region with existing major international mining operations, and the company expects to provide regular updates as the drilling progresses.
Spark’s Take on TSE:SLMN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Underperform.
Solis Minerals Ltd faces significant financial difficulties with no revenue and negative profitability, impacting its stock score negatively. While strategic corporate events and funding initiatives provide a positive outlook for future exploration activities, current financial instability and bearish technical indicators weigh heavily on the overall assessment. The negative P/E ratio and lack of dividend yield further reflect the challenges faced by investors in this stock.
To see Spark’s full report on TSE:SLMN stock, click here.
Solis Minerals Limited has received approval from the TSX Venture Exchange for a 30-day extension to close its Tranche 2 placement, originally announced on February 26, 2025. This extension accommodates a Special Shareholder Meeting scheduled for April 16, 2025, allowing the company to align its financial strategies with shareholder interests.
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.
Solis Minerals Limited has secured A$4.5 million in funding through a placement to institutional and sophisticated investors, with strong support from both new and existing stakeholders. The funds will be used to advance drilling at key copper targets in southern Peru, including Ilo Este and Chancho al Palo, and to support pre-drilling and exploration work at other projects. This financial boost positions Solis Minerals strongly for its upcoming drilling programs, with expectations of significant developments in 2025.
Solis Minerals Limited has requested a trading halt on its securities on the ASX and TSX Venture Exchange pending an announcement regarding a capital raising or private placement. The halt is expected to last until February 26, 2025, or until the announcement is made, indicating a strategic move that could impact the company’s financial positioning and stakeholder interests.
Solis Minerals Limited has identified new copper-gold porphyry and IOCG targets at its Chocolate Project in Peru, with notable sample grades including 4.92% copper and 2.47g/t gold. The company is advancing its exploration efforts with further geophysics and geochemistry surveys to refine drill targets, receiving a drilling permit for its Chancho al Palo project, and aiming to expand its pipeline of drilling opportunities, enhancing the project’s prospectivity along the Coastal Belt.
Solis Minerals Ltd has announced the appointment of Mitch Thomas as the new Chief Executive Officer, with Mike Parker transitioning to Technical Director. Mitch Thomas brings extensive experience in corporate and project development within the mining sector, particularly in South America, which positions Solis Minerals for potential growth and success in its upcoming drilling campaign in Peru. The shift in leadership is expected to enhance the company’s strategic operations, reinforcing its strong position in the copper exploration market.
Solis Minerals Limited announced significant advancements in their exploration activities at the Cinto Project in Peru, confirming extensive copper porphyry mineralization through rock and channel sampling. The project shows geological similarities to the nearby Toquepala Copper Mine, suggesting potential for large-scale porphyry copper deposits. With plans for an induced-polarization survey and drilling permits underway, Solis is poised to enhance its industry positioning by expanding its mineralization footprint and identifying drill targets for the second half of 2025.