Solitario Resources Corp. $XPL

What the company doesAI summary of filing

Solitario Resources Corp. is a pre-revenue mineral exploration company incorporated in Colorado in 1984 that acquires and explores mineral properties for precious metals, zinc, and other base metals, with the goal of advancing projects to the development stage before selling them, pursuing development through joint ventures, or creating royalties with third parties. The company has never developed a property and generates revenue only infrequently through sales of mineral properties, royalties, and joint venture payments. Solitario holds interests in five core and early-stage projects: a 50% stake in the Lik zinc project in Alaska (operated with Teck), a 39% interest in the Florida Canyon zinc project in Peru (carried by joint venture partner Nexa), a 100% stake in the Golden Crest project in South Dakota, an 85% interest in the Chambara project in Peru, and two early-stage projects acquired in 2025—Cat Creek and Bright Angel, both in Colorado. The company conducts exploration activities through its own staff and contractors, as well as through joint venture partners, and funds operations through the sale of investments, issuance of stock, and occasional property sales. [10-K 2026-03-05]

Segments: Lik project (zinc, Alaska), Florida Canyon project (zinc, Peru), Golden Crest project (precious metals, South Dakota), Chambara project (Peru)