Solis Minerals Ltd has secured firm commitments for a A$4.5 million placement to institutional and sophisticated investors. The placement, priced at A$0.085 per new share, includes a 1-for-2 unlisted option exercisable at A$0.16 with a two-year term. Directors have committed A$205,000, subject to shareholder approval. Funds will be allocated to drilling at the Ilo Este and Chancho al Palo copper targets in southern Peru, pre-drilling work at the Cinto Project, and regional exploration across the company’s copper portfolio. The Ministry of Energy and Mines in Peru has granted a drilling permit for Chancho al Palo, with remaining approvals expected soon. Newly appointed CEO Mitch Thomas stated that Solis Minerals has established a significant landholding of nearly 70,000 hectares in the Coastal Copper Belt of Peru. He highlighted the strong investor support, reflecting confidence in the company's drill-ready targets. Drilling at Ilo Este and Chancho al Palo is set to begin once final approvals are received. The company anticipates an active year, with multiple drilling programs planned across its key projects. #SolisMinerals, #CopperExploration, #MiningNews, #PeruMining, #CopperInvestment, #IloEste, #ChanchoAlPalo, #CintoProject, #CoastalCopperBelt,