Solis Minerals (ASX: SLM) has seen a major pivot recently, shifting from a primarily copper-focused explorer to a dual-track strategy with a significant new lithium acquisition in Brazil.

​Key Update: The Rio Tinto Deal (April 2026)

​In late April 2026, Solis secured a massive 93,000-hectare lithium project in the Araçuaí-Salinas Lithium Valley (Minas Gerais, Brazil).

• ​Acquisition Source: The project was acquired from Rio Tinto, which retains a 1.75% net smelter royalty.

• ​Market Reaction: The stock price saw a massive surge following the announcement, jumping from approximately $0.03 to over $0.08 in a matter of days—a gain of over 150%.
• ​Infrastructure: The deal includes extensive historical data (soil samples and auger holes), allowing for rapid exploration.

Great overview of the acquisition provided by the CEO below:

https://m.youtube.com/watch?v=a2ki1GUABfk&pp=4gcJEgd0d2l0dGVy&ra=m

Held IRL.