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Solitario Resources Corp
Symbol SLR
Shares Issued 78,294,858
Close 2023-12-12 C$ 0.75
Market Cap C$ 58,721,144
Recent Sedar Documents

Solitario receives USFS OK for Golden Crest drilling

2023-12-12 11:52 ET - News Release

Mr. Christopher Herald reports

U.S. FOREST SERVICE ISSUES AN ENVIRONMENTAL ASSESSMENT AND DRAFT DECISION OF NO SIGNIFICANT IMPACT ON SOLITARIO'S PROPOSED GOLDEN CREST DRILLING PROGRAM

The United States Forest Service has published its environmental assessment and draft decision of a finding of no significant impacts (FONSI) on Solitario Resources Corp.'s proposed Golden Crest drilling program in South Dakota. This important decision moves the permitting process forward toward the final steps in acquiring drilling approval.

Chris Herald, president and chief executive officer of Solitario, stated: "We are pleased that the U.S. Forest Service, after careful analysis, including consideration of all stakeholder comments, reached the decision that our proposed drilling program does not result in significant impacts on the environment. Our proposed drilling program was carefully planned, with all drilling activities situated on previously disturbed areas of past timber harvesting. Several additional administrative steps remain before final permit decisions will be forthcoming, however, we consider this decision to be the most important milestone before final approval."

About Solitario

Solitario is a natural resource exploration company focused on high-quality Tier 1 gold and zinc exploration projects. The company is traded on the New York Stock Exchange (XPL) and on the Toronto Stock Exchange (SLR). In addition to its South Dakota property holdings, Solitario holds a 50-per-cent joint venture interest (Teck Resources 50 per cent) in the high-grade Lik zinc deposit in Alaska and a 39-per-cent joint venture interest (Nexa Resources holds the remaining 61-per-cent interest) on the high-grade Florida Canyon zinc project in Peru. Solitario is carried to production through its joint venture arrangement with Nexa. Solitario's management and directors hold approximately 9.3 per cent (excluding options) of the company's 79.1 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately $10-million (U.S.).

Solitario has a long history of committed environmental, social and responsible governance (ESG) of its business. The company realizes ESG issues are also important to investors, employees and all stakeholders, including communities in which it work. Solitario pledges to operate its business in a manner that supports environmental and social initiatives, and responsible corporate governance. Importantly, it selects joint venture partners that not only value the importance of ESG issues in the conduct of their business on the joint venture projects, but are leaders in the industry in this important segment of the company's business.

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