v3.26.1
Shareholders Equity
 6 Months Ended
Jun. 30, 2026
Shareholders Equity  
Shareholders' Equity

11. Shareholders’ Equity

 

Shareholders’ Equity for the three and six months ended June 30, 2026:

 

 

 

Common

 

 

Common

 

 

Additional

 

 

 

 

Total

 

 

 

Stock

 

 

Stock

 

 

Paid-in

 

 

Accumulated

 

 

Shareholders’

 

(in thousands, except Share amounts)

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Equity

 

Balance at December 31, 2025

 

 

90,901,324

 

 

$909

 

 

$90,604

 

 

$(66,843)

 

$24,670

 

Stock-based compensation expense

 

 

-

 

 

 

-

 

 

 

67

 

 

 

-

 

 

 

67

 

Issuance of shares- ATM

 

 

1,640,425

 

 

 

16

 

 

 

1,185

 

 

 

-

 

 

 

1,201

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(494)

 

 

(494)

Balance at March 31, 2026

 

 

92,541,749

 

 

$925

 

 

$91,856

 

 

$(67,337)

 

$25,444

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation expense

 

 

-

 

 

 

-

 

 

 

100

 

 

 

-

 

 

 

100

 

Issuance of shares- option exercises

 

 

90,000

 

 

 

1

 

 

 

60

 

 

 

-

 

 

 

61

 

Issuance of shares- private placement

 

 

305,195

 

 

 

3

 

 

 

225

 

 

 

-

 

 

 

228

 

Issuance of shares – ATM

 

 

1,747,519

 

 

 

18

 

 

 

1,428

 

 

 

-

 

 

 

1,446

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1,830)

 

 

(1,830)

Balance at June 30, 2026

 

 

94,684,463

 

 

$947

 

 

$93,669

 

 

$(69,167)

 

$25,449

 

Shareholders’ Equity for the three and six months ended June 30, 2025:

 

 

 

Common

 

 

Common

 

 

Additional

 

 

 

 

Total

 

 

 

Stock

 

 

Stock

 

 

Paid-in

 

 

Accumulated

 

 

Shareholders’

 

(in thousands, except Share amounts)

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Equity

 

Balance at December 31, 2024

 

 

81,638,418

 

 

$816

 

 

$84,714

 

 

$(63,010)

 

$22,520

 

Stock-based compensation expense

 

 

-

 

 

 

-

 

 

 

126

 

 

 

-

 

 

 

126

 

Issuance of shares- option exercises

 

 

778,500

 

 

 

8

 

 

 

148

 

 

 

-

 

 

 

156

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(511)

 

 

(511)

Balance at March 31, 2025

 

 

82,416,918

 

 

$824

 

 

$84,988

 

 

$(63,521)

 

$22,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation expense

 

 

-

 

 

 

-

 

 

 

125

 

 

 

-

 

 

 

125

 

Issuance of shares- option exercises

 

 

250,000

 

 

 

3

 

 

 

47

 

 

 

-

 

 

 

50

 

Issuance of shares – ATM

 

 

147,067

 

 

 

1

 

 

 

93

 

 

 

-

 

 

 

94

 

Issuance of shares – Private Placement

 

 

7,142,855

 

 

 

72

 

 

 

4,339

 

 

 

-

 

 

 

4,411

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(943)

 

 

(943)

Balance at June 30, 2025

 

 

89,956,840

 

 

$900

 

 

$89,592

 

 

$(64,464)

 

$26,028

 

 

At the Market Offering Agreement

 

On December 19, 2023, Solitario entered into an amendment to its at-the-market offering agreement that was originally entered into in 2021 (the “ATM Agreement”) with H. C. Wainwright & Co., LLC (“Wainwright”), under which Solitario may, from time to time, issue and sell shares of Solitario’s common stock through Wainwright as sales manager in an at-the-market offering under a prospectus supplement for aggregate sales proceeds of up to $10.0 million (the “ATM Program”). The common stock is distributed at the market prices prevailing at the time of sale. As a result, prices of the common stock sold under the ATM Program may vary between purchasers and during the period of distribution. The ATM Agreement provides that Wainwright is entitled to compensation for its services at a commission rate of 3.0% of the gross sales price per share of common stock sold.

 

During the three and six months ended June 30, 2026 Solitario sold 1,747,519 and 3,387,944 shares, respectively, of Solitario common stock under the ATM program at an average price of $0.83 and $0.78, respectively, per share for net proceeds of $1,446,000 and $2,647,000 after commissions and other expenses. During the three and six months ended June 30, 2025, Solitario sold an aggregate of 147,067 shares of common stock under the ATM Agreement at an average price of $0.67 per share for net proceeds of $94,000, after commissions and sale expenses.

 

Private Placement

 

On May 13, 2026, Solitario closed on a private placement of 305,195 shares of Solitario common stock, pursuant to a Stock Purchase Agreement (the “SPA”) with Newmont Overseas Exploration Ltd. (“Newmont”), for a price of $0.77 per share for net proceeds of $228,000 after certain legal and regulatory expenses of $7,000.

 

In June 2025, Solitario closed on a private placement of 1,587,300 shares of Solitario common stock, pursuant to the SPA with Newmont, for a price of $0.63 per share for net proceeds of $980,000 after certain legal and regulatory expenses of $20,000.

 

In June 2025, Solitario closed on a private placement of 5,555,555 shares of its common stock (the “Shares”) at a price of $0.63 per share for net proceeds of $3,431,000 after certain legal and regulatory expenses of $69,000. The sale of the Shares was made through a subscription agreement between Solitario and a single third-party investor.