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Subsequent Events
 12 Months Ended
Dec. 31, 2021
Shareholders Equity  
Subsequent Events

13. Subsequent Events

 

Solitario has evaluated events subsequent to December 31, 2021 to assess the need for potential recognition or disclosure in this report. Such events were evaluated through the date these financial statements were available to be issued.

 

In February of 2022, Solitario entered into a lease agreement (the “Easter Agreement”) whereby Solitario acquired exclusive exploration rights in certain claims (the “Easter Claims”) in the Black Hills region of South Dakota.  The Easter Claims are part of Solitario’s Golden Crest project.  Terms of the Easter Agreement include $10,000 paid upon signing, scheduled annual payments to the underlying owner totaling $180,000 through the tenth anniversary, and $30,000 per year thereafter.  Solitario has agreed to escalating work commitments, at Solitario’s option, on the Easter Claims totaling $660,000 during the first five years of the lease, with the first year totaling $20,000.

 

In March 2022, we sold 2,650,724 shares of our common stock under the ATM program at a price of $0.79 per share for net proceeds of $2,023,000 after commissions and sale expenses.