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Stock impact report

Solis expands into Brazil lithium with Rio Tinto project acquisition [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM, OTCQB:SLMFF, FRA:08WA) is expanding beyond Peru and into Brazil's fast-emerging lithium sector through the acquisition of a large-scale exploration package in Minas Gerais, a move that broadens its exposure across battery metals and adds a second growth front alongside its copper portfolio. The company has struck a deal to acquire 100% of the Brazil Lithium Project from a Rio Tinto subsidiary, securing a 93,000-hectare landholding in the Araçuaí-Salinas Lithium Valley, one of the world's most active hard-rock lithium districts. The project sits in Minas Gerais in eastern Brazil, adjacent to tenure held by PLS Group following its acquisition of Latin Resources and the Colina lithium project, placing Solis in a proven address for spodumene discoveries. Araçuaí–Salinas Lithium Valley (illustrative). Regional spodumene operations (including Sigma Lithium's Grota do Cirilo) and advanced projects, including PLS' Colina Lithium Project. The a Show less Read more
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