Solis Minerals Ltd (ASX
LM, TSX-V
LMN, OTCQB
LMFF) Ltd has appointed HLB Mann Judd as its new external auditor following a competitive tender process. The decision supports the company’s TSX Venture Exchange delisting and re-domicile to Australia. The appointment is subject to shareholder ratification at the next Annual General Meeting. Solis formally completed its TSX-V delisting effective June 23, 2025. The move reflects a strategic realignment intended to boost liquidity and deliver efficiencies in governance and cost structure. “A single listing is expected to improve investor focus and deliver cost and governance efficiencies,” said chief executive officer Mitch Thomas. HLB Mann Judd was chosen for its strong track record in auditing exploration-stage companies progressing toward production. The firm’s in-country expertise in South America was also a decisive factor, aligning with Solis Minerals’ operational footprint. The outgoing auditor, Davidson & Company LLP, has formally submitted its resignation, with documentation lodged on SEDAR+ in Canada. “HLB Mann Judd is a global firm with deep experience in working with listed exploration companies such as Solis Minerals,” Thomas said. “Their global team will help ensure our processes and controls are world-class as we advance rapidly towards development and production. On behalf of the company, I also wish to sincerely thank Davidson & Company LLP for their support of Solis Minerals in recent years.” The company noted the appointment is part of its broader transition and growth strategy. Meanwhile, work continues on the ground, with Solis last week completing the first diamond drill hole at its 100%-owned Chancho al Palo copper-gold prospect in southern Peru, intersecting iron oxide copper-gold (IOCG) and porphyry-style mineralisation. The hole, designated CAP-001-2025, was drilled to a depth of 713 metres. Initial IOCG-style mineralisation was observed at 184 metres, including visible chalcopyrite. From 451 metres, the company reports the presence of porphyry-style mineralisation, followed by a marked increase in IOCG-style mineralised breccias from 586 metres. Importantly, visible gold was logged at 620 metres, further highlighting the mineral potential of the target. The completed hole forms part of Solis' maiden drill program at Chancho al Palo, designed to test high-priority targets within a broader copper-gold system located in the prolific coastal IOCG belt of Peru. Assay results are pending. Amazon.com Inc (NASDAQ:AMZN)'s upcoming Prime Day sale event could drive more than $21 billion in sales, according to Bank of America analysts. This is driven by Amazon’s decision to extend the sale to 96 hours, double last year’s duration, starting July 8. This would represent an almost 60% increase compared to last year's Prime Day results and would account for more than 10% of Amazon's anticipated gross merchandise volume for the third quarter. Specifically, they project first-party sales will rise by 55% year over year to reach $11.5 billion, while third-party sales could increase by 67% to $10 billion. "By extending the duration of savings, it indicates that Amazon possesses enhanced retail logistics capabilities to provide promotions, and that inventory levels are not a limiting factor," the analysts wrote in a research note,” they wrote. The analysts added that a longer Prime Day could pressure profit margins if shoppers focus on low-margin products or if aggressive promotions cut into earnings.
