Solitario reported a FY 2025 net loss of USD 3.8 million, or USD 0.04 per basic and diluted share, compared with a FY 2024 net loss of USD 5.4 million, or USD 0.07 per share. The FY 2025 loss reflected exploration expense of USD 2.8 million (down from USD 4.1 million) and general and administrative expense of USD 1.6 million (down from USD 1.9 million). Solitario also recorded FY 2025 interest and dividend income of USD 256,000 (down from USD 372,000), a realized and unrealized gain on marketable equity securities of USD 680,000 (up from USD 343,000), and a loss on derivative instruments of USD 336,000 (up from USD 29,000). Net cash used in operations was USD 3.5 million in FY 2025, versus USD 5.1 million in FY 2024. Liquidity at Dec. 31, 2025 included cash of USD 82,000 and short-term investments of USD 7.6 million, with working capital of USD 7.8 million. Marketable equity securities at year-end included 7,750,000 shares of Vendetta valued at USD 57,000 and 50,000 shares of Vox Royalty valued at USD 237,000. On the corporate and project front, Solitario’s main 2025 exploration focus remained the 100%-owned Golden Crest project in South Dakota, where it spent USD 2.5 million and completed seven core holes totaling 2,562 meters. At the Lik zinc project in Alaska (50% with Teck), Solitario’s share of exploration expense was USD 159,000, with Teck completing geologic modelling and geophysical work; no drilling occurred in 2025. Florida Canyon in Peru (39% Solitario/61% Nexa) remained fully funded by Nexa, which spent about USD 1.4 million in 2025 and completed a resource model re-evaluation suggesting potential for up to a 30% increase in resources within the current footprint with additional drilling. Solitario also advanced early-stage Colorado assets, spending USD 54,000 at Cat Creek and USD 37,000 at the newly leased Bright Angel project. For FY 2026, Solitario outlined a total exploration budget of about USD 5.7 million, including planned Golden Crest exploration of USD 3.2 million (including USD 2.2 million for drilling), plus drilling programs budgeted at Cat Creek (USD 526,000) and Bright Angel (USD 520,000), subject to permitting and contractor availability.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solitario Resources Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-001934), on March 05, 2026, and is solely responsible for the information contained therein.