Australia's Solstice Minerals slips on discounted placement

Solstice Minerals

02/04/2026 03:24

** Solstice Minerals SLS.AX slips as much as 9.9% to A$1; set for worst session since March 23

** Mineral explorer receives firm commitments for A$32.6 million ($22.4 million) placement

** Issue price of A$1/share represents 9.9% discount to last close

** Proceeds will be used to fund comprehensive programme at Nanadie Copper-Gold Project in Western Australia, others

** YTD, SLS up 153.7%

($1 = A$1.4529)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))