• Acquisition of district-scale lithium exploration package from Rio Tinto in Brazil
• Drilling commenced at Mandacaru Lithium Project in Brazil
• Received necessary permits to commence drilling at Peruvian copper projects
• Raised A$6 million through placement to fund exploration activities
• Applied to cease reporting in Canada

Solis Minerals Limited (ASX:SLM) reported significant progress in advancing its lithium and copper projects in South America for the quarter ending 30 June 2026. The company acquired a district-scale lithium exploration package from Rio Tinto in Brazil, which includes two drill-ready targets, Mandacaru and Campo Grande. Drilling has commenced at Mandacaru, with a 10-drill-hole program designed to test a coherent lithium pegmatite system. In Peru, Solis Minerals' advanced copper projects, Cinto and Cucho, received all necessary permits to commence drilling. The company raised A$6 million from institutional and sophisticated investors, including PLS Group Limited, to fund exploration activities. Solis Minerals also applied to cease being a reporting issuer in Canada.

Solis Minerals raised A$6 million from institutional and sophisticated investors.

Solis Minerals plans to advance its exploration activities in Brazil and Peru, with a focus on drill testing high-priority lithium and copper targets.