One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Solitario Resources Corp.
XPL · ASE · Basic Materials · Other Industrial Metals & Mining
Current price
$0.48
52-week range
$0.44 - $0.98
Market cap
$45.20M
Balance sheet
Healthy
-17.32x Concerning
Net cash $7.18M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Solitario Resources Corp.
Solitario Resources Corp. explores for valuable metals like gold and zinc in places like South Dakota, Peru, and Colorado. They don't actually sell anything yet because they are in the early stages of looking for these resources, which means their main "money" comes from investors funding their search, and this matters because it tells us they are a company focused on finding future riches rather than one with established sales.
How the company got here
Solitario Resources Corp. was founded in 1984 and has evolved from a company focused on zinc to one that also actively explores for gold, copper, molybdenum, and rhenium. [11, 12] The company's name change from Solitario Zinc Corp. to Solitario Resources Corp. in July 2023 reflects this strategic shift. [12] Historically, Solitario has been involved in acquiring and exploring mineral properties, often through joint ventures, with a focus on discovering economic deposits. [11, 19] The company has a track record of successful grassroots exploration, having discovered significant amounts of gold and zinc in the past. [14] A key turning point was the acquisition of the Golden Crest gold project in South Dakota in 2021, which marked a significant pivot towards a gold-focused strategy. [14, 10] This move was strategic, positioning Solitario near the prolific Homestake-Wharf mining district, known for its massive gold endowment. [14, 7] More recently, the company has further diversified its portfolio by acquiring critical metals projects like Cat Creek and Bright Angel in Colorado, recognizing the increasing importance of these metals. [3, 2]
What it actually does
Solitario Resources Corp. is a natural resource exploration company. This means its primary business is finding and evaluating mineral deposits that could be valuable. They don't mine or process these minerals themselves; instead, they explore for them, hoping to discover significant deposits that they can then develop or partner with other companies to bring into production. [11, 19] The company focuses on acquiring and exploring for precious metals like gold and copper, as well as base metals like zinc, and critical metals such as molybdenum and rhenium. [1, 2, 3] Their work involves geological surveys, sampling, and drilling to assess the potential of mineral-rich areas. [5, 9]
Golden Crest Gold Project
Solitario holds a 100% interest in the Golden Crest gold project, located in South Dakota. [1, 12] This project is situated near the Homestake-Wharf mining district, which has historically produced a vast amount of gold. [7, 9] The company believes Golden Crest has the potential to be a significant new gold discovery, with numerous areas showing high-grade gold on the surface. [1] Solitario has been conducting extensive exploration, including trenching and drilling, to identify and evaluate these gold prospects. [5, 9] The project is in a region with a long history of gold mining and a skilled workforce, making it a favorable location for exploration. [7]
Chambara Project
Solitario holds an 85% interest in the Chambara project, located in Peru. [1, 12] This project is an exploration-stage asset where Solitario is partnered with Nexa Resources, who holds the remaining 15% interest. [11, 15] The focus here is on exploring for base metals, including zinc. [11, 16] The Chambara project is part of Solitario's broader strategy to acquire and explore mineral properties in both North and South America. [11, 16]
Cat Creek Critical Metals Project
The Cat Creek project in Colorado is a 100% owned asset focused on the exploration of critical metals, specifically molybdenum and rhenium. [2, 5, 12] This project was originally discovered in the early 1980s but was never drilled. [2, 6] Solitario has secured the necessary permits and is planning to commence drilling to evaluate the potential of this undrilled porphyry system. [2, 5] Molybdenum and rhenium are valuable industrial metals with significant applications in industries like aerospace and defense. [2, 6]
Bright Angel Gold-Copper Project
Solitario acquired a 100% interest in the Bright Angel gold-copper project in Colorado in September 2025. [3, 10, 12] This project targets an alkalic porphyry system with significant gold and copper mineralization found at surface. [3, 4, 10] Copper is designated as a critical metal by the U.S. government, adding to the project's strategic importance. [3] Solitario has initiated drill hole permitting and plans to conduct exploration drilling to test the potential of this historically explored but undrilled target. [3, 4]
What management is betting on now
Solitario's management is currently focused on aggressively exploring and developing its portfolio of high-quality mineral projects. [1, 5] A key strategic priority is advancing their gold projects, particularly the Golden Crest project in South Dakota, through significant drilling campaigns. [5, 9] Simultaneously, the company is prioritizing the exploration of critical metals projects like Cat Creek and Bright Angel in Colorado, recognizing their growing industrial and strategic importance. [2, 3] Solitario is also leveraging joint venture partnerships, such as with Nexa Resources on the Florida Canyon project and Teck Resources on the Lik project, to advance exploration and development. [19, 5] The company aims to discover economic deposits and potentially bring them into production, either independently or through strategic partnerships, to create value for shareholders. [11, 14]
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
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Net income
$-2.33M
Diluted EPS
-0.02
Operating cash flow
$-2.04M
Free cash flow
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Sources
Revenue
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Net income
$-1.83M
Diluted EPS
-0.02
Operating cash flow
$-1.38M
Free cash flow
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Revenue
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Net income
$-494.00K
Diluted EPS
-0.01
Operating cash flow
$-473.00K
Free cash flow
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Revenue
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Net income
$-509.00K
Diluted EPS
0.00
Operating cash flow
$-506.00K
Free cash flow
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Revenue
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Net income
$-1.87M
Diluted EPS
-0.02
Operating cash flow
$-1.66M
Free cash flow
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Revenue
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Net income
$-943.00K
Diluted EPS
-0.01
Operating cash flow
$-803.00K
Free cash flow
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Revenue
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Net income
$-511.00K
Diluted EPS
-0.01
Operating cash flow
$-598.00K
Free cash flow
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Revenue
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Net income
$-1.60M
Diluted EPS
-0.02
Operating cash flow
$-1.75M
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Is it cheap or expensive?
Fair value — vs current price $0.48
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $7.2M - more cash than debt. Interest coverage -17.3x.
Net debt
$-7.18M
Interest coverage
-17.32x
Solitario Resources Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
XPL
BASELINE
Solitario Resources Corp.
Total debt $0.00 Interest coverage -17.32x This is the baseline the peer rows are being compared against.
Total debt $81.90K Interest coverage -67.65x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -16.22x Neither company has much profit cushion over interest right now.
Total debt $1.03M Interest coverage -3.80x Neither company has much profit cushion over interest right now.
Total debt $31.74M Interest coverage 13.81x This peer still has a real interest-payment cushion, while XPL does not.
What you should know
The case for and against XPL
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -21.5% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-6.81x
P/B
1.94x
P/S
—
EV/EBITDA
-6.86x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-21.5%
ROA
-14.0%
Health
Liquidity and balance-sheet strength
Debt / equity
—
Current ratio
9.28x
Quick ratio
9.20x
Total debt
$0.00
Total cash
$7.18M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.05
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-4.39M
Free CF TTM
$-3.60M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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