Solis Minerals eyes lithium growth in Brazil with major acquisition - ICYMI [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) earlier this week announced the acquisition of a 100% interest in a large-scale lithium exploration project i n Brazil, marking a significant expansion of the company's portfolio alongside its existing copper assets in Peru. Chief executive officer Mitch Thomas said the Brazil Lithium Project, located in the Araçuaí–Salinas Lithium Valley, covers approximately 93,000 hectares and includes multiple exploration targets, two of which are considered drill-ready. He noted that the region is “one of the most active and rapidly emerging lithium districts globally,” underlining its strategic importance. The project was acquired from Rio Tinto, which retains a 1.75% net smelter royalty (NSR), aligning its interests with Solis Minerals' exploration success. Thomas stated that the deal, valued at around US$500,000, represents “excellent value” given the scale of the landholding and the extensive historical exploration completed
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RIO
Sec Filings
- 4/8/26 - Form SD
- 2/19/26 - Form IRANNOTICE
- RIO's page on the SEC website