Solis Minerals (ASX:SLM) announced its delisting from the TSX Venture Exchange on 23 June, following its application to voluntarily delist from the exchange as it focuses on being an Australian domiciled company with an ASX listing.
A number of waivers previously granted by the Australia Securities Exchange (ASX) on its admission to list on the ASX have been revoked or varied as a result of the company’s shares ceasing to be listed on the TSX-V.
Upon registering as an Australian company, Solis intends to adopt a financial year end of 31 December 2025.
Speaking to Mining.com.au, CEO Mitch Thomas says there are no significant regulatory hurdles and the re-domiciliation process is expected to be completed by August, subject to shareholder vote, as previously reported.
“There will be no impact on exploration apart from releasing more funds from corporate activity toward drilling,” Thomas says.
Thomas adds that the delisting reflects a strategic focus on a primary ASX listing to enhance liquidity and streamline operations.
“A single listing is expected to improve investor focus and deliver cost and governance efficiencies,” he says.
Solis Minerals is an emerging mineral explorer focused on discovering potential at its South American copper portfolio.
Write to Aaliyah Rogan at Mining.com.au
Images: Solis Minerals
