Latest news with #XPL
Washington Post
5 days ago
- Business
- Washington Post
Solitario: Q2 Earnings Snapshot
WHEAT RIDGE, Colo. — WHEAT RIDGE, Colo. — Solitario Resources Corp. (XPL) on Wednesday reported a loss of $943,000 in its second quarter. The Wheat Ridge, Colorado-based company said it had a loss of 1 cent per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on XPL at
Yahoo
28-07-2025
- Business
- Yahoo
Stablecoin-Focused Bitcoin Sidechain Plasma Draws $373M in Oversubscribed Token Sale
Stablecoin-focused blockchain Plasma has closed its public token sale with $373 million in commitments, more than seven times the $50 million it was targeting. The sale, according to available data, has led to an oversubscription of around $320 million looking to get around $209,000 worth of XPL that weren't purchased. The token's launch is expected to occur within 40 days, while refunds for overcommitted funds will be processed in the near future. At launch, the Plasma network will hold $1 billion in stablecoins, becoming the fastest blockchain to reach that figure, according to the project. Plasma, an Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, aims to provide fee-free stablecoin transfers, starting with Tether's USDT. Plasma enters a competitive market dominated by Tron and Ethereum, which settles billions in stablecoin transfers daily and has seen Tether itself shift its focus to Layer 2s. It has secured funding from notable investors including Peter Thiel's Founders Fund, Framework Ventures, and Bitfinex. U.S. investors face a 12-month lock on their tokens, but for the rest of the world, XPL will be unlocked at launch. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes
Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes. The new cap marks a doubling from the prior $500 million ceiling, which had itself been raised just days earlier following a community-driven outcry over bot activity and rapid sellout times. Plasma said the short-notice announcement was designed to give real users, such as those active in its Discord, a fairer shot at joining. But it's not a token sale just yet. 'Deposits are not the sale itself,' Plasma clarified in a post. 'All funds remain fully owned by depositors and will be bridged to Plasma mainnet beta.' Participants earn the right to buy into the eventual $50 million XPL public sale based on how many units they've locked up by the cutoff. The sale is valued at $500 million on a fully diluted basis. Earlier this week, the project — which aims to bring native stablecoin functionality to Bitcoin through an EVM-compatible sidechain — saw its initial $500 million cap fill in just five minutes, according to Arkham data. That figure was ten times what Plasma initially planned, indicative of massive investor appetite for stablecoin infrastructure. The team behind Plasma has positioned its chain as a way to sidestep Ethereum's high fees and congestion by building a zero-gas environment for stablecoin transactions while being anchored to Bitcoin's security model. USDT will be the first supported asset, with more expected to in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
Plasma's XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays
Plasma, a crypto startup developing a blockchain optimized for stablecoins, attracted $500 million in deposits for its token sale on Monday — 10 times more than originally planned. The fundraising cap was filled in five minutes as investors scrambled to earn an allocation for the token distribution, according to blockchain data from Arkham Intelligence. The ceiling was lifted from $250 million, which had already been increased from a $50 million original target announced just two weeks ago. Over 1,100 wallets participated in the sale of Plasma's XPL token, with a median allocation of roughly $35,000, the company said in an X post. The offering was conducted on Sonar, a public token sale platform built by Echo, a crypto-focused private fundraising startup led by prominent investor Cobie. The outsized demand underscores surging investor interest in stablecoins — cryptocurrencies pegged to traditional currencies like the U.S. dollar — and the infrastructure that supports them. Stablecoins have become a dominant force in crypto, with total supply surpassing $250 billion, and are increasingly used for everyday finances like payments, remittances and savings. While Bitcoin BTC remains the oldest and most secure blockchain, most stablecoin activity today occurs on newer networks such as Ethereum, Tron, and Solana. Plasma aims to bring native stablecoin utility to Bitcoin by building a sidechain fully compatible with the Ethereum Virtual Machine (EVM), the software standard that underpins much of decentralized finance. The team says the Plasma chain will address key challenges faced by stablecoins on existing blockchains — including high fees and scalability limits — by leveraging Bitcoin's security and enabling zero-fee transactions for Tether's USDT USDT. Plasma's fundraising follows a string of market signals pointing to rising appetite for stablecoin exposure. Just last week, Circle (CRCL), issuer of the $60 billion USDC stablecoin, completed a blockbuster public market debut, with shares surging over $110 from a $31 IPO price. "Circle up another 20% at the open and Plasma's $500M public token sale sold out in the first block. The people want exposure to stablecoins," crypto analyst Will Clemente posted.
Associated Press
19-05-2025
- Business
- Associated Press
Solitario Resources Announces Favorable Golden Crest Metallurgical Results
Drilling Expected to Start May 27, 2025 DENVER, CO / ACCESS Newswire / May 19, 2025 / Solitario Resources Corp. ('Solitario') (NYSE American:XPL)(TSX:SLR) is pleased to announce that it has received favorable metallurgical gold recovery test results for its Golden Crest project in South Dakota. Bottle roll metallurgical testing was conducted on twenty mineralized intervals from 2024 drilling. Average gold recoveries were approximately 69% for nine core samples from drill hole GC-003 and 66% for nine samples from hole GC-008. Importantly, mineralized intervals in both drill holes were all well oxidized, with oxidation extending below 362 meters in GC-008, the limit of drilling for that hole. Highlights from core holes GC-003 and GC-008 include: *All gold assay values were reported in previous news releases; Gold values in parts per billion; 1,000 parts per billion = 1.0 gram per tonne Chris Herald, President and CEO of Solitario, stated: 'This initial metallurgical test work is very encouraging. The gold we intersected in the upper limestone rocks and the deeper lower Deadwood formation is very amenable to standard industry extraction methods. We can confidently move forward with our 2025 drilling program knowing that the mineralization we have identified to date appears to be metallurgically similar to the nearby Wharf-Homestake gold district.' GC-003 and GC-008 are considered the most important mineralization intersected in the 2024 drilling program. Bottle roll tests of this type are often considered the minimum recovered values for gold due to the weak strength of the solution and the limited amount of leaching time of just 48 hours. One sample each from holes GC-010 and GC-011 were also tested and displayed lower recoveries of less than 31%. These samples are considered mineralogical outliers compared to all other mineralized intersections in the 2024 drilling program. 2025 Drilling Set to Start May 27 Drilling is scheduled to begin on May 27, 2025. This year's drilling program will occur in two phases. Phase 1 consists of offset drilling of mineralization discovered in the 2024 drilling campaign and new untested targets within the approved Golden Crest Plan of Operations. Phase 2 drilling will be conducted within the Ponderosa Plan of Operations, pending permit approvals. We anticipate two rigs will be operating concurrently towards the end of summer and into fall. Abundance of High-Quality Drilling Targets Solitario has identified ten high-priority surface targets (including both the Golden Crest area and the currently undrilled Ponderosa area) as shown in the table below. Two Golden Crest targets, Downpour and Eleventh Hour, were drilled last year. Five new targets are currently being permitted and are scheduled to be drilled in 2025. The other three high-priority targets may undergo future permitting following further review. In addition to the ten currently defined high-priority targets, Solitario has identified another dozen promising target areas that require additional early-stage surface exploration work. Solitario's future drilling will test both strong surface gold anomalies as well as the underlying and highly prolific replacement deposits of the Lower Deadwood Formation, paleo-placer mineralization at the lower contact of the Deadwood and the older Precambrian Homestake banded iron formation, all prolific geologic producers in the greater historic Homestake mining district. Solitario's 100%-owned Golden Crest properties in South Dakota constitute strategic land holdings along the western and southwestern extensions of the Homestake-Wharf mining district that has produced approximately 52 million ounces of gold and contains another 35 million ounces in resources and historical resources (not SK-1300 or NI43-101 compliant and not located on Solitario's property). The project area is in a safe jurisdiction with highly developed infrastructure, an unbroken 150-year record of continuous gold mining, a skilled mining workforce, and a history of high-grade, underground mineable gold deposits. Bottle Roll Testing Methodology, Chain of Custody, Quality Control and Assurance All Golden Crest core and bottle roll samples have been prepared and analyzed at the American Assay Laboratories in Reno, Nevada, which is independent from Solitario. Core sample preparation, QA/QC protocols and the gold assay results in this release have been detailed in previous news releases. New bottle roll testing results reported in this release consisted of samples that were originally prepped by jaw crushing, then roll crushing to >70% -2mm. A ~1kg split was taken from reject using a Jones Riffle. The split was pulverized to >85% -75 μ in a puck and bowl mill. This 1kg sample was bottle rolled for 48 hours in 2L of 0.3% NaCN / 0.3% NaOH solution. A 50mL aliquot was decanted and centrifuged for analysis by ICP-OES. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Walter Hunt, who is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. About Solitario Solitario is a natural resource exploration company focused on high-quality Tier-1 gold and zinc exploration projects. The Company is traded on the NYSE American ('XPL') and on the Toronto Stock Exchange ('SLR'). In addition to its South Dakota property holdings, Solitario holds a 50% joint venture interest (Teck Resources 50%) in the high-grade Lik zinc deposit in Alaska and a 39% joint-venture interest (Nexa Resources 61%) in the high-grade Florida Canyon zinc project in Peru. At Florida Canyon, Solitario is carried to production through its joint-venture arrangement with Nexa. Solitario's Management and Directors hold approximately 9.2% (excluding options) of the Company's 82.8 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.4 million. Additional information about Solitario is available online at Solitario has a long history of committed Environmental, Social and Responsible Governance ('ESG') of its business. We realize ESG issues are also important to investors, employees, and all stakeholders, including communities in which we work. We are committed to conducting our business in a manner that supports positive environmental and social initiatives and responsible corporate governance. Importantly, we work with joint-venture partners that not only value the importance of ESG issues in the conduct of their business on our joint-venture projects, but are leaders in the industry in this important segment of our business. For More Information Please Contact: Chris Herald, President and CEO Solitario Resources Corp. Tel. 303-534-1030 ext. 1 Cautionary Statement Regarding Forward Looking Information This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws),that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical facts. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve numerous risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Solitario's Golden Crest land position does not cover any of the areas of historical gold production or historical unmined resources. Certain historical information concerning exploration and gold production in the Black Hills region has been obtained through both public and private sources and are believed to be substantially factual, but Solitario can give no assurances of the accuracy of such information. The existence of historic mines and resources adjacent to Solitario's land position do not necessarily support the existence of economic mineral deposits on Solitario's land position. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement an exploration or mining plan, if any, at any of its mineral properties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, gold, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all;as well as those factors discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the 'SEC') including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. SOURCE: Solitario Resources Corp. press release
