XPL Solitario Zinc

Solitario Zinc Corp. is a mineral exploration company, which focuses on the acquisition of precious and base metal properties with exploration potential, and the purchase of royalty interests. Its projects include Florida Canyon in Peru, Lik Zinc in Alaska, and La Promesa in Peru. The company was founded on November 15, 1984 and is headquartered in Wheat Ridge, CO.
Company profile
Ticker
XPL
Exchange
Website
CEO
Christopher Engle Herald
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SOLITARIO EXPLORATION & ROYALTY CORP., SOLITARIO RESOURCES CORP
SEC CIK
Corporate docs
IRS number
841285791
XPL stock data
()
News
Solitario Files New NI 43-101 Technical Report For Its Florida Canyon Zinc Project
7 Apr 21
32 Stocks Moving in Friday's Pre-Market Session
5 Mar 21
Stocks That Hit 52-Week Highs On Wednesday
17 Feb 21
Stocks That Hit 52-Week Highs On Thursday
11 Feb 21
Stocks That Hit 52-Week Highs On Wednesday
10 Feb 21
Press releases
Solitario Files New NI 43-101 Technical Report for Its Florida Canyon Zinc Project Detailing a Significant Increase in Mineral Resources
7 Apr 21
Please Join Solitario Zinc at Virtual PDAC March 8th - 11th, 2021
8 Mar 21
Solitario Reports Significant Increase in Inferred Sulfide Resources For Its Florida Canyon Zinc Project
23 Feb 21
Join President and CEO, Christopher Herald at the Tumazos Very Independent Research Conference, February 16th at 4:00pm EST
16 Feb 21
Solitario Expands Its Exploration Activities to Include Precious Metals; Acquires Gold Coin Property in Arizona; and, Establishes ATM Equity Program
2 Feb 21
Investment data
Securities sold
Number of investors
Calendar
5 Mar 21
13 Apr 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 605K | 605K | 605K | 605K | 605K | 605K |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 118.67K | 138.67K | 98K | 84.17K |
Cash used (since last report) | n/a | n/a | 410.02K | 479.12K | 338.61K | 290.81K |
Cash remaining | n/a | n/a | 194.98K | 125.88K | 266.39K | 314.19K |
Runway (months of cash) | n/a | n/a | 1.6 | 0.9 | 2.7 | 3.7 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Apr 20 | Herald Christopher E | Stock Option Common Stock | Grant | Aquire A | No | No | 0.2 | 225,000 | 45K | 1,125,000 |
2 Apr 20 | Gil Atzmon | Stock Option Common Stock | Grant | Aquire A | No | No | 0.2 | 125,000 | 25K | 450,000 |
2 Apr 20 | Hunt Walter H | Stock Option Common Stock | Grant | Aquire A | No | No | 0.2 | 200,000 | 40K | 870,000 |
2 Apr 20 | Maronick James R | Stock Option Common Stock | Grant | Aquire A | No | No | 0.2 | 200,000 | 40K | 825,000 |
2 Apr 20 | Labate John A | Stock Option Common Stock | Grant | Aquire A | No | No | 0.2 | 125,000 | 25K | 455,000 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
5.0% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 23 |
Opened positions | 6 |
Closed positions | 3 |
Increased positions | 5 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 7.64M |
Total shares | 2.92M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Renaissance Technologies | 1.22M | $689K |
Vanguard | 445.09K | $250K |
Bridgeway Capital Management | 245K | $138K |
Fruth Investment Management | 193K | $108K |
ATAC Neuberger Berman | 117.06K | $66K |
VIRT Virtu Financial | 115.14K | $65K |
Banque Pictet & Cie | 100K | $56K |
RF Regions Financial | 88.26K | $50K |
Geode Capital Management | 75.94K | $42K |
NTRS Northern Trust | 57.21K | $32K |
Financial report summary
?Risks
- Our mineral exploration activities involve a high degree of risk, and a significant portion of our business model envisions the sale or joint venture of mineral properties. If we are unable to sell or joint venture these properties, the money spent on acquisition and exploration of our mineral properties may never be recovered and we could incur an impairment of our investments in our projects.
- The outbreak of pandemics, including the coronavirus (COVID-19) may affect our assets and development plans.
- We have no reported proven and probable mineral reserves, and our current projects and any projects we may acquire are not likely to offer the opportunity for near term revenues or sale proceeds. If we are unsuccessful in identifying mineral reserves in the future, we may not be able to realize any profit from our property interests.
- Mineral exploration activities are inherently dangerous and could cause us to incur significant unexpected costs, including legal liability for loss of life, damage to property and environmental damage, any of which could materially adversely affect our financial position or results of operations.
- We have a history of losses and if we do not operate profitably in the future it could have a material adverse effect on our financial position or results of operations and the trading price of our common stock would likely decline.
- Our operations outside of the United States of America may be adversely affected by factors outside of our control, such as changing political, local and economic conditions, any of which could materially adversely affect our financial position or results of operations.
- We may not have sufficient funding for exploration and development, which may impair our results of operations and growth potential.
- A large number of companies are engaged in the exploration and development or sale of mineral properties, many of which have substantially greater technical and financial resources than us and, accordingly, we may be unable to compete effectively which could have a material adverse effect on our financial position, prospects, or results of operations.
- The title to our mineral properties may be defective or challenged which could have a material adverse effect on our financial position or results of operations.
- Occurrence of events for which we are not insured may materially adversely affect our business.
- Severe weather or violent storms could materially affect our operations due to damage or delays caused by such weather.
- Our business is dependent on the market price of certain commodities, particularly zinc, and currency exchange rates over which we have no control.
- Our business is dependent on key executives and the loss of any of our key executives could adversely affect our business, future operations and financial condition.
- Our business model relies significantly on other companies to joint venture our projects and we anticipate continuing this practice in the future. Therefore, our results are subject to the additional risks associated with the financial condition, operational expertise and corporate priorities of our joint venture partners.
- We may look to joint venture with another mining company in the future to develop and/or operate our current or future projects; therefore, in the future, our results may become subject to additional risks associated with development and production of our foreign mining projects.
- In the future, we may attempt to acquire a new property, or another company and the acquisition may require a substantial amount of capital or the issuance of our capital stock to complete. Acquisition costs may never be recovered due to changing market conditions, or our own miscalculation concerning the recoverability of our acquisition investment. Such an occurrence could adversely affect our business, future operations and financial condition.
- We are dependent upon information technology systems, which are subject to disruption, damage, failure and risks associated with implementation and integration.
- Failure to comply with the FCPA could subject us to penalties and other adverse consequences.
- The market for shares of our common stock has limited liquidity and the market price of our common stock has fluctuated and may decline.
- Our operations could be negatively affected by existing laws as well as potential changes in laws and regulatory requirements to which we are subject, including regulation of mineral exploration and ownership, environmental regulations and taxation.
- We have never paid and do not intend to pay cash dividends and, consequently, the ability to achieve a return on any investment in our common stock will depend on appreciation in the price of our common stock.
- Issuances of our stock in the future could dilute existing shareholders and adversely affect the market price of our common stock.
- A significant portion of our liquid assets consist of U.S. Treasuries and cash held in brokerage and foreign bank accounts. The failure of the financial institutions that issued or hold these financial instruments or our cash could have a material adverse impact on the market price of our common stock and our liquidity and capital resources.
- We are dependent upon information technology systems, which are subject to disruption, damage, failure and risks associated with implementation and integration.
Content analysis
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H.S. freshman Avg
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New words:
Aid, AK, angle, Arizona, ATM, attached, China, chip, Coin, communicable, conserve, CRIRSCO, curb, customary, default, downturn, duration, eligibility, embodied, emerged, encouraging, escalating, expert, fee, fewer, forgiven, guarantee, Gustavson, home, induced, JOA, medical, Memorandum, mixed, Modernization, modernize, Monthly, orientation, outbreak, owed, Paleozoic, pandemic, Paycheck, payroll, perception, permanent, person, polarization, postpone, ppb, PPP, prepayment, put, qualified, qualifying, reallocate, recommended, recurrence, refining, Relief, satisfaction, simplified, sliver, southeastern, spread, staffing, strain, tentative, Tertiary, traditional, unknown, Vox, Wainwright, widespread
Removed:
accommodate, acknowledged, adjusted, adjustment, Agency, AIDEA, aimed, allocated, announced, Arctic, baseline, BEAT, Borough, Branca, capacity, Channel, confirming, connecting, deduction, deemed, deficit, derived, diligence, direct, efficiently, enable, exist, facilitate, facilitated, flotation, formally, GILTI, handle, heavy, hectare, impose, indexing, Industrial, intangible, IPO, length, mandatory, Montana, multiple, negotiating, NWAB, objection, objective, observed, opt, outcrop, Pedra, proceed, provision, repatriation, role, scenario, schedule, separate, spend, spur, studied, successor, support, systematic, tangible, territorial, traced, tunnel, viii, warranted, widest, yielded
Financial reports
10-K
2020 FY
Annual report
5 Mar 21
10-Q
2020 Q3
Quarterly report
10 Nov 20
10-Q
2020 Q2
Quarterly report
28 Jul 20
10-Q/A
2020 Q1
Quarterly report (amended)
1 May 20
10-Q
2020 Q1
Quarterly report
1 May 20
10-K/A
2019 FY
Annual report (amended)
12 Mar 20
10-K
2019 FY
Annual report
2 Mar 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
29 Jul 19
10-Q
2019 Q1
Quarterly report
8 May 19
Current reports
8-K
Solitario Files New NI 43-101 Technical Report for Its Florida Canyon Zinc Project Detailing a Significant Increase in Mineral Resources
7 Apr 21
8-K
Solitario Reports Significant Increase in Inferred Sulfide Resources
24 Feb 21
8-K
Entry into a Material Definitive Agreement
2 Feb 21
8-K
Other Events
18 Dec 20
8-K
Submission of Matters to a Vote of Security Holders
18 Jun 20
8-K
Entry into a Material Definitive Agreement
23 Apr 20
8-K
Other Events
6 Dec 19
8-K
Submission of Matters to a Vote of Security Holders
18 Jun 19
8-K
Other Events
20 Dec 18
8-K
Changes in Registrant's Certifying Accountant
3 Oct 18
Registration and prospectus
424B5
Prospectus supplement for primary offering
2 Feb 21
S-3
Shelf registration
29 Sep 20
S-8
Registration of securities for employees
9 Apr 18
S-3/A
Shelf registration (amended)
21 Apr 14
S-3
Shelf registration
25 Mar 14
D
$630K in equity, sold $630K, 8 investors
25 Feb 14
S-8
Registration of securities for employees
31 Jul 13
D
$2.06M in equity, sold $2.06M, 20 investors
24 Jul 13
424B5
Prospectus supplement for primary offering
23 May 13
424B3
Prospectus supplement
26 Sep 12
Proxies
DEF 14A
Definitive proxy
28 Apr 20
DEF 14A
Definitive proxy
29 Apr 19
DEF 14A
Definitive proxy
29 Apr 18
PRE 14A
Preliminary proxy
18 Apr 18
DEF 14A
Definitive proxy
23 May 17
PRE 14A
Preliminary proxy
11 May 17
DEF 14A
Definitive proxy
27 Apr 16
DEF 14A
Definitive proxy
19 Jul 15
PRER14A
Preliminary revised proxy
12 Jul 15
PRE 14A
Preliminary proxy
14 Jun 15
Other
EFFECT
Notice of effectiveness
9 Oct 20
CORRESP
Correspondence with SEC
4 Oct 20
UPLOAD
Letter from SEC
30 Sep 20
UPLOAD
Letter from SEC
19 Jul 15
CORRESP
Correspondence with SEC
9 Jul 15
UPLOAD
Letter from SEC
6 Jul 15
EFFECT
Notice of effectiveness
4 May 14
CORRESP
Correspondence with SEC
30 Apr 14
UPLOAD
Letter from SEC
6 Apr 14
EFFECT
Notice of effectiveness
20 Sep 12
Ownership
4
SOLITARIO ZINC / James KB Hesketh ownership change
16 Apr 20
4
SOLITARIO ZINC / BRIAN LABADIE ownership change
16 Apr 20
4
SOLITARIO ZINC / JOHN A LABATE ownership change
16 Apr 20
4
SOLITARIO ZINC / JAMES R MARONICK ownership change
10 Apr 20
4
SOLITARIO ZINC / WALTER H HUNT ownership change
9 Apr 20
4
SOLITARIO ZINC / Gil Atzmon ownership change
6 Apr 20
4
SOLITARIO ZINC / CHRISTOPHER E HERALD ownership change
3 Apr 20
4
SOLITARIO ZINC / CHRISTOPHER E HERALD ownership change
27 Mar 20
4
SOLITARIO ZINC / Gil Atzmon ownership change
6 Feb 20
4
SOLITARIO ZINC / CHRISTOPHER E HERALD ownership change
6 Feb 20
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