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Solis Minerals Ltd (ASX:SLM)

ALERT: Price-sensitive ASX Announcement for SLM
Current share price for SLM : $0.100 -0.005 (-4.76%)+
Announcement
Release
29 May 2026 8:59AM
Price at Release
$0.105
Full Release
download
Summary
Solis Minerals Ltd announced the completion of a A$6 million placement, issuing up to 63,157,895 new shares at a price of A$0.095 per share. This placement, conducted at a 9.5% discount to the last traded price, attracted support from both new and existing investors, including PLS, a major shareholder maintaining a 5.1% stake. The funds will be used primarily for advancing drilling projects at the Brazil Lithium Project, the Cinto Copper Project, and for regional exploration and working capital. The placement, managed by CPS Capital Group, features director investments and is poised to enhance Solis Minerals’ exploration capacity with a focus on unlocking value through active drilling programs.
Key Points
  • Solis Minerals completed a A$6 million placement.
  • 63,157,895 new shares issued at A$0.095 each.
  • Placement price was a 9.5% discount to last traded price.
  • Strong investor support, including PLS maintaining a 5.1% stake.
  • Funds to advance Brazil Lithium and Cinto Copper Projects.
  • Placement managed by CPS Capital Group.
  • Director investment of A$100,000 subject to approval.
  • Proceeds to also support regional exploration and working capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.