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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events  
Subsequent Events

12. Subsequent Events

 

On July 31, 2023 Solitario entered into a Stock Purchase Agreement (the “SPA”) with Newmont Overseas Exploration Ltd. (“Newmont”), for the purchase and sale of 4,166,667 shares of common stock of Solitario (the “Shares”), at a price of $0.60 per share for proceeds of $2,500,000 (the “Offering”).  The proceeds of the Offering will be used to advance Solitario’s exploration activities at its core projects and for general corporate purposes.  In connection with the SPA of the Shares the Company and Newmont entered into an Investor Rights Agreement granting Newmont certain additional rights, including a preemptive right, certain anti-dilution protections and certain other rights and notice provisions related to Solitario’s Gold Crest property assets.