Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and issuer Purchases of Equity Securities
Recent Sales of Unregistered Securities
On August 14, 2025, we issued 84,128 shares with a value of $53,000 in a private placement to certain leaseholders at our Golden Crest Project in South Dakota in satisfaction of a portion of the required 2025 lease payments. The remaining portion of the lease payments due to the leaseholders were made in cash during the nine months ended September 30, 2025. We did not engage an underwriter or placement agent for the placement, and therefore there were no underwriter discounts or commissions or placement agent fees. The shares were issued pursuant Section 4(a)(2) of the Securities Act of 1933, as amended, as Solitario did not engage in any general solicitation or advertising for this issuance, and offered the securities to a limited number of persons.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
There were no purchases of equity securities by the Company or its affiliates during the quarter ended September 30, 2025.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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