Solis Minerals’ 93,000-hectare Brazil Lithium project in Minas Gerais State, Brazil. Solis Minerals (ASX: SLM) has emerged from the market with a heavily reinforced balance sheet and a clear mandate to drill its flagship Brazil Lithium project after securing firm commitments for a $6 million placement. The company will issue just over 63 million new shares at 9.5 cents apiece, a relatively modest discount to its previous closing price. According to management, the fresh

Solis Minerals has moved a step closer to maiden drilling in Brazil’s red-hot Lithium Valley after locking in land access, securing a driller and confirming fertile lithium markers at two priority targets.

Outcropping white pegmatites at Solis Minerals’ recently acquired Brazil lithium project. Junior explorers can come unstuck for a thousand different reasons and it’s rarely just about the rocks. More often, the biggest signal can be the people steering the ship. So, when a team that has already nailed a major discovery and a monster sale in one postcode decides to reunite and have a crack at the ground next door, the market tends to pay attention. That’s the story now