Solitario Resources Corp. Announces Change in Independent Registered Public Accounting Firm Following Merger
Wheat Ridge, CO, June 4, 2026 – Solitario Resources Corp. (NYSE American: XPL), a gold and silver ore exploration company, has announced a significant change in its independent registered public accounting firm. This development arises from the merger of its previous auditor, Assure CPA, LLC (“Assure”), into Sadler, Gibb & Associates (“Sadler”) as a result of an asset purchase agreement finalized on June 2, 2026. Following this transaction, Assure has ceased operations as a public accounting firm and formally resigned as Solitario’s auditor.
Key Points Investors Should Note
- Accounting Firm Change Due to Merger: Solitario’s decision to change its independent auditor was driven entirely by the merger of Assure into Sadler, which is a routine industry occurrence but may carry implications for auditing processes going forward.
- No Disagreements or Reportable Events: During the fiscal years ended December 31, 2025 and 2024, and the subsequent interim period up to the change, there were no disagreements between Solitario and Assure on any matter of accounting principles, practices, financial statement disclosure, or auditing scope or procedures. Furthermore, there were no “reportable events” as defined by SEC regulations.
- Audit Opinions Remain Clean: Assure’s audit reports on Solitario’s financial statements for 2024 and 2025 did not contain any adverse opinion, disclaimer of opinion, nor were they qualified or modified regarding uncertainty, audit scope, or accounting principles.
- No Consultations with Successor Auditor Prior to Appointment: Neither Solitario nor anyone acting on its behalf consulted with Sadler, Gibb & Associates regarding the application of accounting principles, any specific transaction, or the type of audit opinion that might be rendered prior to Sadler’s appointment as the new auditor. No written or oral advice from Sadler influenced any accounting decisions prior to their engagement.
- SEC Compliance and Transparency: Solitario provided Assure with the disclosures reported in the Form 8-K and requested a letter confirming agreement with those statements. Assure has confirmed their agreement in writing, and this letter is included as an exhibit to the filing.
Potential Impact for Shareholders
- Operational Continuity: The seamless transition and lack of any dispute or adverse findings in prior audits suggest minimal disruption to Solitario’s financial reporting processes. However, investors should note that any change in auditor can introduce some procedural adjustments or scrutiny in the near term.
- Potential for Increased Scrutiny: While the change is due to industry consolidation rather than internal issues, new auditors sometimes bring fresh perspectives and may identify areas for improvement or require enhanced disclosures. This could potentially affect future financial statement presentations or internal controls.
- No Indication of Financial Irregularities: The absence of any disagreements, reportable events, or adverse audit opinions during the tenure of the outgoing auditor indicates there are no red flags regarding Solitario’s financial integrity.
What Should Investors Watch For?
- Future Filings: Investors should monitor upcoming quarterly and annual filings for any changes in accounting policies, restatements, or additional disclosures arising from the auditor transition.
- Management Discussion: It may be valuable for investors to review management’s commentary in future reports or conference calls regarding the transition process and any potential impacts.
Background and Corporate Information
- Company Name: Solitario Resources Corp. (formerly Solitario Zinc Corp. and Solitario Exploration & Royalty Corp.)
- Industry: Gold & Silver Ores
- Headquarters: 4251 Kipling Street, Suite 390, Wheat Ridge, CO 80033
- Trading Symbol: XPL (NYSE American)
- Fiscal Year End: December 31
- Chief Financial Officer: James R. Maronick
Exhibits
- Exhibit 16.1: Letter from Assure CPA, LLC dated June 3, 2026, confirming agreement with the disclosures related to the change in auditor.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors should conduct their own due diligence and consult with financial professionals before making investment decisions. The information contained herein is based on filings and reports provided by Solitario Resources Corp. as of June 4, 2026, and may be subject to change.
