10-Q - SOLITARIO RESOURCES CORP. (0000917225) (Filer)

Fri, May 2, 1:19 PM (20 days ago)

**SOLITARIO RESOURCES CORP. (XPL) Q1 2025 FINANCIAL SUMMARY** **Financial Health & Performance:** - **Revenue:** No revenue reported as Solitario is an exploration-stage company. - **Net Loss:** $511,000 (Q1 2025) vs. $730,000 (Q1 2024), showing improved financial performance. - **Profit Margins:** Not applicable due to the lack of revenue. - **Cash Flow:** Net cash used in operations was $598,000 (Q1 2025) vs. $991,000 (Q1 2024), indicating improved cash flow. - **Earnings Changes:** Net loss per share was $0.01 for both Q1 2025 and Q1 2024. **Key Financial Metrics:** - **Current Assets:** $5,934,000 (Q1 2025) vs. $5,992,000 (Q1 2024). - **Total Assets:** $22,966,000 (Q1 2025) vs. $23,040,000 (Q1 2024). - **Current Liabilities:** $530,000 (Q1 2025) vs. $368,000 (Q1 2024). - **Total Liabilities:** $1,016,000 (Q1 2025) vs. $1,042,000 (Q1 2024). - **Shareholders' Equity:** $22,291,000 (Q1 2025) vs. $22,520,000 (Q1 2024). **Quarterly Performance Discussion:** - **Exploration Expenses:** Decreased to $239,000 (Q1 2025) from $354,000 (Q1 2024). - **General and Administrative Expenses:** Increased to $490,000 (Q1 2025) from $472,000 (Q1 2024). - **Unrealized Gain on Marketable Equity Securities:** $385,000 (Q1 2025) vs. $8,000 (Q1 2024). - **Unrealized Loss on Derivative Instruments:** $206,000 (Q1 2025), with no similar item in Q1 2024. **Trends & Uncertainties:** - **Market Conditions:** Fluctuations in precious metal and commodity prices present both opportunities and challenges. - **Future Operations:** Solitario plans to use cash and short-term investments to fund exploration activities and potential acquisitions. - **Liquidity:** Adequate cash and short-term investments to fund expected expenditures over the next year. **Future Impact:** - **Exploration Activities:** Continued focus on core projects (Florida Canyon, Lik, Golden Crest, and Cat Creek). - **Capital Raising:** Potential use of joint ventures, debt, equity issuance, or asset sales for additional capital. - **Market Risks:** Geopolitical tensions, economic uncertainty, and market volatility could impact operations and financial condition.