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SOLITARIO RESOURCES CORP. logo
XPL$0.4875+0.51%

Solitario Resources Corp.

Sector: Gold and Silver OresCountry: USExchange: NYSE

Mkt Cap$46.22M
Float & O/S
Inst Own

DilutionScan read 13 of SOLITARIO RESOURCES CORP.'s SEC filings and found 1 ATM program, 3 shelf registrations and 2 completed offerings on file for XPL. The latest dilution event on file is ATM sales on Jun 30, 2026. Analysis updated Oct 7, 2026.

Signal8 Summary

13d old

XPL

Pre-revenue explorer funding active drilling

Business
WeakZero revenue, net loss $3.8M, 16.2-month runway
Stock risk
High$48M micro-cap, shares +7.1% YoY, ATM dilution ongoing

Snapshot

Solitario is a pre-revenue mining explorer with no sales for three straight years and a FY2025 net loss of $3.8M on $4.4M of operating losses. It holds $9.1M in cash with no debt, and Signal8 models roughly 16.2 months of runway.

What's Happening Right Now

  • : CEO Chris Herald presented Solitario's full portfolio, including Golden Crest, Lik, Florida Canyon, Cat Creek and Bright Angel, at the John Tumazos Very Independent Research conference on October 6, 2026.
  • : CEO Chris Herald presented the company's project portfolio, including recent Cat Creek and Golden Crest drilling, at the Mining Forum Americas conference on September 30, 2026.
  • : Solitario reported preliminary visual results from its first two Cat Creek drill holes in Colorado, with porphyry-style copper-molybdenum mineralization observed over significant core widths; assays expected within two to three months.
  • : Solitario sold 135,750 shares to major shareholder Newmont at $0.86 each for about $117,000 under an existing investor rights agreement, maintaining Newmont's roughly 9.4% stake.
  • : Solitario completed phase-one drilling at Golden Crest in South Dakota; initial Ponderosa holes showed mostly low-level gold with one notable intercept, and seven more holes remain in assay.
  • : Sold $1.45M net / 1.75M shares through its at-the-market program, as stated for Apr 1, 2026 to Jun 30, 2026.
  • : Sold $2.65M net / 3.39M shares through its at-the-market program, as stated for Jan 1, 2026 to Jun 30, 2026.
  • : Raised $235K in gross proceeds through a private placement (PIPE).

Raise routes on file: active ATM + effective shelf · latest dilution event 126 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Jun 30, 2026 · ATM Sale

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2021

Active

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Shelf · 3

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2023

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2024

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 2

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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