--- title: "Solitario Resources | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/285414437.md" datetime: "2026-05-06T17:04:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285414437.md) - [en](https://longbridge.com/en/news/285414437.md) - [zh-HK](https://longbridge.com/zh-HK/news/285414437.md) --- # Solitario Resources | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.01. EBIT: As of FY2026 Q1, the actual value is USD -626 K. Solitario Resources Corp. operates as a single operating segment, with all financial information presented on a consolidated basis . #### Net Loss - For the three months ended March 31, 2026, the net loss was - $494,000, compared to - $511,000 for the three months ended March 31, 2025 . #### Total Operating Expenses - Total operating expenses were $561,000 for the three months ended March 31, 2026, a decrease from $736,000 for the same period in 2025 . #### Exploration Expense - Exploration expense totaled $182,000 for the three months ended March 31, 2026, down from $239,000 in the prior year period . - Golden Crest project expenses were $149,000 in 2026 versus $216,000 in 2025 . - Lik project expenses were $5,000 in 2026 versus $11,000 in 2025 . - Cat Creek project expenses were $1,000 in 2026 versus $5,000 in 2025 . - Bright Angel project expenses were $20,000 in 2026 versus $0 in 2025 . - Reconnaissance expenses remained constant at $7,000 for both periods . #### General and Administrative Expense (excluding stock option compensation) - General and administrative expense (excluding stock option compensation) was $309,000 for the three months ended March 31, 2026, compared to $364,000 for the same period in 2025 . - Salaries and benefit expense decreased to $73,000 in 2026 from $118,000 in 2025 . - Legal and professional expenditures increased to $67,000 in 2026 from $54,000 in 2025 . - Office rent and expenses were $28,000 in 2026 versus $29,000 in 2025 . - Travel and shareholder relation costs decreased to $141,000 in 2026 from $163,000 in 2025 . #### Stock-Based Compensation Expense - Stock-based compensation expense was $67,000 for the three months ended March 31, 2026, a decrease from $126,000 for the same period in 2025 . #### Depreciation - Depreciation was $3,000 for the three months ended March 31, 2026, down from $7,000 for the same period in 2025 . #### Interest and Dividend Income - Interest and dividend income increased to $65,000 for the three months ended March 31, 2026, from $46,000 for the same period in 2025 . #### Realized and Unrealized Gain on Marketable Equity Securities - A gain of $2,000 was recorded for the three months ended March 31, 2026, which included a realized gain of $37,000 on the sale of Vox Royalty common stock, partially offset by an unrealized loss of - $29,000 on Vendetta common stock and an unrealized loss of - $6,000 on Vox Royalty common stock . This compares to a gain of $385,000 for the same period in 2025 . #### Realized and Unrealized Loss on Derivative Instruments - There was no loss on derivative instruments for the three months ended March 31, 2026, compared to a loss of - $206,000 for the same period in 2025 . #### Net Cash Used in Operating Activities - Net cash used in operating activities was - $473,000 for the three months ended March 31, 2026, an improvement from - $598,000 for the same period in 2025 . #### Net Cash (Used) Provided by Investing Activities - Net cash used in investing activities was - $643,000 for the three months ended March 31, 2026, primarily due to net purchase of short-term investments of - $702,000, partially offset by $59,000 from the sale of marketable equity securities . In contrast, the company had net cash provided by investing activities of $550,000 in 2025 from net sales of short-term investments . #### Net Cash Provided by Financing Activities - Net cash provided by financing activities was $1,201,000 for the three months ended March 31, 2026, primarily from the issuance of common stock via an ATM program . This was an increase from $156,000 provided in 2025 from the issuance of common stock upon exercise of stock options . #### Working Capital - Working capital was $8,579,000 as of March 31, 2026, up from $7,795,000 as of December 31, 2025 . #### Marketable Equity Securities (Fair Value) - The fair value of marketable equity securities was $237,000 as of March 31, 2026, compared to $294,000 as of December 31, 2025 . #### Future Outlook and Strategy Solitario Resources Corp. projects a full-year 2026 exploration and development budget of approximately $5,673,000, including potential drilling at the Golden Crest project ($2,217,000) and the Cat Creek project ($516,000), along with limited exploration at the Lik and Bright Angel projects . The company anticipates higher full-year exploration expenditures in 2026 compared to 2025, while overall general and administrative costs are expected to remain comparable between the two years . Solitario Resources Corp. plans to fund these activities and potential asset acquisitions using cash and short-term investments, and may issue additional shares through its ATM program based on cash needs and market conditions . ### Related Stocks - [XPL.US](https://longbridge.com/en/quote/XPL.US.md) ## Related News & Research - [Key facts: Newmont Q1 $3.1B FCF, $6B buyback; Buys Solitario stake](https://longbridge.com/en/news/286309718.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md)