Solis Minerals Ltd.
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- Solis Minerals Ltd. (ASX:SLM; OTC:SLMFF) is a Canada-based mineral exploration company focused on acquiring, exploring and developing copper, gold, silver, lithium and battery metals properties in South America. The company holds a substantial portfolio including the flagship Ilo Este and Ilo Norte copper projects, the Chocolate (formerly Guaneros) copper project and the Cinto copper project, comprising 76 exploration concessions totaling 65,100 hectares in Peru's prolific coastal copper belt targeting iron oxide copper-gold (IOCG) and porphyry systems; the Borborema Lithium Project covering over 25,000 hectares of lithium-caesium-tantalum (LCT) pegmatite licenses in northeast Brazil; and the Mostazal copper project in Chile.[web:projects] Solis Minerals explores for near-surface, drill-ready copper-gold targets proximate to major international operations and maintains interests in highly prospective IOCG and porphyry copper deposits that contribute to Peru's position as the world's third-largest copper producer. Founded in 2005 and headquartered in Vancouver, British Columbia, with additional offices in West Leederville, Western Australia, the company formerly known as Westminster Resources Ltd. changed its name to Solis Minerals Ltd. in July 2021 and operates primarily in Peru, Brazil and Chile, targeting institutional and retail investors in the critical minerals sector. In recent developments, Solis Minerals entered a binding agreement in October 2025 to acquire up to a 75% interest via staged earn-in, with an option for 100% ownership, in the highly prospective 3,600-hectare Cucho Copper Project in Peru's Ancash Department, featuring a large-scale outcropping copper-molybdenum-silver porphyry system with historical drilling confirming significant near-surface mineralization including intercepts such as 269.1 meters at 0.25% Cu from surface; the company plans initial 5,000-meter drilling in 2026 to test unverified geophysical and geochemical anomalies.[web:newsfile Cucho] Solis also continues to advance permitting and exploration at its Peruvian copper assets and received shareholder approval in September 2025 for a continuance from British Columbia to Australia, expected to complete by late 2025.[web:projects][web:news] These initiatives complement the company's strategy to build a Tier-1 copper portfolio in South America's premier mining jurisdictions amid rising global demand for critical minerals.
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