Solaris Resources Inc.(SLSR)

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Solaris Strengthens Community Partnerships and Advances Key Milestones at Warintza Project
Globenewswire· 2025-09-11 11:00
HIGHLIGHTS: Landmark agreement signed with PSHA, completing formal partnerships with all Indigenous organisations surrounding the Warintza ProjectPre-Feasibility Study advancing with positive momentum, incorporating updated Mineral Resource Estimate including Warintza WestFinal Technical EIA submitted and currently under government review, following positive engagement with the Ministry of Environment and EnergyFPIC process expected to commence in the coming months, following successful site visit by govern ...
H.C. Wainwright Raises PT on Solaris Resources (SLSR) Stock
Yahoo Finance· 2025-09-11 07:32
Solaris Resources Inc. (NYSEAMERICAN:SLSR) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 29, H.C. Wainwright lifted the price target on the company’s stock to $13 from $11, while keeping a “Buy” rating, as reported by The Fly. This comes after the company entered into a $200 million financing agreement with Royal Gold. As per the firm, the transaction provides Solaris Resources Inc. (NYSEAMERICAN:SLSR) with financial flexibility to advance Warintza without further diluting the ...
Wall Street Analysts Think Solaris Resources Inc. (SLSR) Could Surge 100.94%: Read This Before Placing a Bet
ZACKS· 2025-09-03 14:56
Shares of Solaris Resources Inc. (SLSR) have gained 7.7% over the past four weeks to close the last trading session at $5.34, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $10.73 indicates a potential upside of 100.9%.The mean estimate comprises five short-term price targets with a standard deviation of $2.13. While the lowest estimate of $8.76 indicates a 64% increase from th ...
Solaris Resources Inc.(SLSR) - 2025 Q2 - Quarterly Report
2025-08-13 11:47
Exhibit 99.1 Solaris Resources Inc. Condensed Consolidated Interim Financial Statements For the three and six months ended June 30, 2025 and 2024 (Unaudited) Solaris Resources Inc. Condensed Consolidated Interim Statements of Financial Position (Unaudited – In thousands of United States dollars) | | | | June 30, | | December 31, | | --- | --- | --- | --- | --- | --- | | | Note | | 2025 | | 2024 | | Assets | | | | | | | Current assets | | | | | | | Cash and cash equivalents | | $ | 47,047 | $ | 31,738 | | Pr ...
Royal Gold Secures Stream & Royalty Deal for Solaris' Warintza Project
ZACKS· 2025-05-22 16:41
Royal Gold, Inc. (RGLD) announced that its wholly owned subsidiary RGLD Gold AG inked a gold purchase and a net smelter return royalty (“NSR”) agreements for metals produced by Solaris Resources, Inc.'s (SLSR) Warintza Project in southeastern Ecuador. The total deal amount of $200 million will be paid in instalments, subject to fulfillment of certain conditions. The move will expose Royal Gold to a world-class resource with long life and large-scale production potential.Details on Royal Gold’s Strategic Acq ...
Solaris Enters into US$200 Million Financing Agreements with Royal Gold to Advance the Warintza Project
Globenewswire· 2025-05-21 10:00
Core Viewpoint - Solaris Resources Inc. has secured a US$200 million financing arrangement with RGLD Gold AG, which includes a gold stream and net smelter return royalty, aimed at enhancing liquidity and supporting the Warintza project development [2][3][5]. Financing Agreements - The financing package consists of a non-dilutive US$200 million, with US$100 million available immediately, to fund derisking activities and repay the senior secured debt facility [5][6]. - The structure of the financing aligns with Solaris' strategy to maximize shareholder value without dilution, reinforcing Warintza's status as a tier 1 copper asset [3][5]. Project Development - The financing will support technical studies, permitting, early infrastructure development, and general working capital, ensuring the company is funded through to a final investment decision (FID) [6][19]. - The company plans to publish a Pre-Feasibility Study (PFS) in Q3 2025, followed by a Bankable Feasibility Study [19][20]. Strategic Relationships - Partnering with Royal Gold provides competitive capital costs and a strategic relationship that enhances project flexibility [4][5]. - The financing structure allows for future project financing while maintaining strategic optionality around the Warintza project [18]. Exploration Potential - The Stream area of interest is limited, allowing Solaris to retain significant exploration upside, with commercial optionality around high-priority targets within the Warintza district [9][15]. - The company is also advancing exploration across its broader land package of over 260 km², which includes several high-priority regional targets [22]. Environmental and Social Commitment - Royal Gold has committed to financially support Solaris' environmental and social programs, reflecting a commitment to sustainable development and stakeholder engagement [17].
Solaris Enters into US$200 Million Financing Agreements with Royal Gold to Advance the Warintza Project
GlobeNewswire News Room· 2025-05-21 10:00
Core Viewpoint - Solaris Resources Inc. has secured a US$200 million financing arrangement with RGLD Gold AG, which includes a gold stream and net smelter return royalty, aimed at enhancing liquidity and supporting the Warintza project development [2][3][5]. Financing Agreements - The financing package consists of a non-dilutive US$200 million funding, with US$100 million available immediately, to repay senior secured debt and fund derisking activities until a final investment decision (FID) [5][6]. - The structure of the financing aligns with Solaris' strategy to maximize shareholder value through non-dilutive means, reinforcing Warintza's status as a tier 1 copper asset [3][5]. Project Development - The financing will support technical studies, permitting activities, early infrastructure development, and general working capital, ensuring the company is funded through to FID [6][21]. - The company plans to publish a Pre-Feasibility Study (PFS) in Q3 2025, followed by a Bankable Feasibility Study [18][19]. Strategic Relationships - Partnering with Royal Gold is expected to provide competitive capital costs and a strategic relationship that enhances project flexibility [4][5]. - The financing structure allows for future project financing while maintaining strategic optionality around the Warintza project [17]. Market and Economic Context - The financing reflects strong investor confidence in Ecuador as a mining jurisdiction, supported by government commitment to the sector [4][19]. - The recent political continuity in Ecuador, following the re-election of President Daniel Noboa, is seen as beneficial for the mining sector [19]. Exploration Potential - Solaris retains significant exploration upside within the Warintza district, with commercial optionality around high-priority targets [5][14]. - The company is also advancing exploration across its broader land package of over 260 km², which includes several high-priority regional targets [21].
Solaris completes Warintza drilling campaign and advances key de-risking milestones ahead of major near-term value catalysts
Globenewswire· 2025-04-22 11:00
HIGHLIGHTS: QUITO, Ecuador, April 22, 2025 (GLOBE NEWSWIRE) -- Solaris Resources Inc. ("Solaris" or the "Company") (TSX: SLS; NYSE: SLSR) is pleased to announce the completion of a significant drilling campaign at its flagship Warintza Project in southeastern Ecuador, alongside key developments that continue to strategically de-risk and enhance the value of this globally significant copper asset. Between January 2024 and February 2025, Solaris completed over 82,000 metres of infill drilling, positioning the ...
Solaris Signs Letter of Intent with Influential Indigenous Organization in Morona Santiago, Ecuador
Globenewswire· 2025-03-04 12:00
Core Points - Solaris Resources Inc. has formed an Inter-Institutional working group with the Pueblo Shuar Arutam organization (PSHA) and local communities to enhance dialogue and cooperation [2][3][7] - The PSHA approved the signing of a Letter of Intent (LOI) to advance discussions towards a future Cooperation Agreement [3][6][7] - The company has completed an infill drilling program totaling over 80,000 meters, which will support an updated Mineral Resource Estimate (MRE) expected in mid-2025 [4][7] - The Warintza Project is positioned as a sustainable mining initiative that incorporates the insights and values of indigenous populations, aiming for responsible resource development [5][8] Company Developments - The Inter-Institutional working group aims to promote transparent dialogue and workshops to facilitate community consent for future agreements [6][8] - The Impacts and Benefits Agreement (IBA) with local Shuar Centers has been updated multiple times since its initial signing in September 2020, ensuring ongoing community support [3][7] - The company emphasizes its commitment to corporate social responsibility (CSR) through initiatives that support health, education, and sustainable development in Shuar communities [8] Project Highlights - The Warintza Project is a significant copper-gold porphyry deposit with a resource endowment of over 2.3 billion tonnes, located in southeast Ecuador [9] - The updated MRE will be integrated into the Pre-Feasibility Study (PFS) scheduled for release in Q3 2025 [4][7] - The company is focused on converting Inferred mineral resources to Measured and Indicated categories through its drilling program [4][7]
Has Solaris Resources Inc. (SLSR) Outpaced Other Basic Materials Stocks This Year?
ZACKS· 2025-01-17 15:41
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Solaris Resources Inc. (SLSR) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Solaris Resources Inc. is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #11. ...