Highlights
- Solis Minerals shares jump 48.9% to AU$0.14, the highest level since July 2024.
- Former Rio Tinto battery metals finance chief, Mitch Thomas, appointed as CEO.
- Stock up 85.7% year-to-date, with trading volume surging to 1.4 million shares.
Solis Minerals Ltd (ASX:SLM) saw its share price soar by nearly 49% on Tuesday, following the appointment of Mitch Thomas as the company's new Chief Executive Officer. Thomas, a former battery metals finance chief at mining giant Rio Tinto, brings extensive experience in the lithium and broader resource sector, boosting investor confidence in Solis' future prospects.
The stock last traded up 38.3% at AU$0.14, marking its highest level since July 2024.
Surging Trading Activity
Investor enthusiasm was evident in the sharp rise in trading volume, with 1.4 million shares changing hands, significantly higher than the 30-day average of 134,000 shares.
Strong Year-to-Date Performance
Solis Minerals has been one of the top-performing lithium explorers in 2025, with its stock up 85.7% year-to-date.