Solis Minerals CEO Mitch Thomas talked with Proactive about the company’s acquisition of a large-scale lithium exploration project in Brazil, marking a strategic expansion alongside its existing copper assets in Peru.
Solis Minerals has secured 100% ownership of a 93,000-hectare land package in the Araçuaí–Salinas Lithium Valley, one of the most active lithium regions globally. The project was acquired from Rio Tinto, which retains a 1.75% net smelter royalty, aligning long-term interests in the project’s success. The acquisition includes extensive historical exploration data, such as 18 auger drill holes, 1,800 soil samples, and over 300 rock chip samples, providing a strong foundation for rapid advancement.
While expanding into lithium, Solis Minerals continues to progress its copper projects in Peru, with drilling expected to begin soon. Thomas noted that the company will pursue a dual-track strategy across both commodities to maximise shareholder value.
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