Latin Resources Ltd (ASX:LRS) has welcomed the name change of Westminster Resources Ltd to Solis Minerals Ltd (TSX-V:SLMN, FRA:08W) and its listing on the TSX Venture Exchange (TSX-V).
Latin is the largest shareholder of Solis, which is developing its copper project portfolio in Latin America including the newly acquired Mostazal Copper Project.
Solis has also commenced the process of dual listing on the Australian Securities Exchange (ASX), with the terms and timing of the ASX listing application under consideration.
Well-funded for first field season
Solis is a Latin-American focused copper company, exploring the Mostazal copper porphyry project in northern Chile, and the Ilo Norte copper IOCG project and Ilo Este copper porphyry projects in southern Peru.
Having recently closed a C$2.7 million financing on May 12, 2021, Solis is well funded for its first field season in Chile and Peru.
Mostazal represents a drill-ready, multi-kilometre porphyry target, with high-grade manto-style mineralisation near-surface, tested by 60 historical drill holes.
Ilo Norte has a 10-kilometre-long alteration system, only partially tested by historical drilling, including a 30-metre intercept grading 0.93% copper.
Ilo Este is a large, eroded porphyry, with copper as well as gold, silver and molybdenum mineralisation mapped over a 3 square kilometre area.
“Copper never been more in demand”
Solis President and CEO Jason Cubitt said: “The re-naming of Westminster Resources to the new Solis Minerals is another milestone in our history.
“Copper has never been more in demand, from EVs to infrastructure, and Chile and Peru are already established as the top copper producers in the world.
“With a high-quality technical team, drill-ready targets, and a well-capitalized and structured company, I’m confident that Solis Minerals is an attractive vehicle for investors looking for exposure to the red-hot copper market.”