Solis Minerals streamlines listing strategy with TSX-V exit
Published: 03:04 25 Jun 2025 BST
Solis Minerals Ltd has completed its voluntary delisting from the TSX Venture Exchange (TSX-V), effective June 23, 2025. The move signals a strategic shift to focus solely on its Australian Securities Exchange (ASX) listing, a decision aimed at enhancing liquidity, governance, and cost efficiency.
Following the delisting, certain ASX waivers previously granted to the company have either been revoked or modified. Solis also intends to align its financial year-end with the calendar year, adopting December 31, 2025 as its new reporting period.
“Solis Minerals confirms that the TSX-V delisting reflects a strategic focus on a primary ASX listing to enhance liquidity and streamline operations. A single listing is expected to improve investor focus and deliver cost and governance efficiencies,” CEO Mitch Thomas said.
Solis Minerals intersects IOCG and porphyry-style mineralisation in first Chancho al Palo drill hole
Meanwhile, Solis has intersected promising iron oxide copper-gold (IOCG) and porphyry-style mineralisation in its maiden diamond drill hole at the 100%-owned Chancho al Palo copper-gold prospect in Peru.
The initial hole, CAP-001-2025, was drilled to a depth of 713 metres. IOCG-style mineralisation, including visible chalcopyrite, was first encountered at 184 metres. Porphyry-style mineralisation was subsequently intersected from 451 metres downhole.
Further down the hole, from 586 metres, Solis observed an increase in IOCG-style mineralised breccias. A notable development came at 620 metres, where visible gold was identified.
The results mark a strong start to the company's drill program at Chancho al Palo and support the project's potential to host multiple mineralisation styles across a single system. Assays are pending.
