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Solis Minerals Secures $4.5 Million for Peru Drilling Initiatives

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Solis Minerals Secures $4.5 Million for Peru Drilling Initiatives

The latest announcement is out from Solis Minerals Ltd ( (TSE:SLMN) ).

Solis Minerals Limited has secured A$4.5 million in funding through a placement to institutional and sophisticated investors, with strong support from both new and existing stakeholders. The funds will be used to advance drilling at key copper targets in southern Peru, including Ilo Este and Chancho al Palo, and to support pre-drilling and exploration work at other projects. This financial boost positions Solis Minerals strongly for its upcoming drilling programs, with expectations of significant developments in 2025.

More about Solis Minerals Ltd

Solis Minerals Limited is a Latin American focused copper-gold explorer, primarily engaged in exploring copper-rich regions. The company has established a significant landholding in the Coastal Copper Belt of Peru, focusing on systematic exploration to identify prospective copper targets.

YTD Price Performance: 5.00%

Average Trading Volume: 75,790

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$9.22M

Find detailed analytics on SLMN stock on TipRanks’ Stock Analysis page.

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