Solaris Resources (NYSEAM:SLSR) 2025 Conference Transcript

Summary of Solaris Resources Presentation at Lithium Partners Fall 2025 Investor Conference Company Overview - Company Name: Solaris Resources - Ticker Symbols: SLSR (NYSE), SLS (TSX) - Market Capitalization: Approximately $900 million [9] Industry Context - Industry: Copper Mining - Key Project: Warintza Project, a significant copper porphyry deposit located in southeastern Ecuador Core Points and Arguments 1. Project Significance: Warintza is described as a tier one, global scale, near-term, multi-generational copper project with a resource estimate of 4.3 billion tons, expected to expand in 2025 [3][10] 2. Economic Viability: The project has a low strip ratio and is positioned in the first quartile of the cash cost curve, indicating robust economic potential [4][10] 3. Revenue Diversification: Approximately 18% of revenues are expected to come from byproduct credits, including molybdenum and gold, enhancing revenue stability [4][30] 4. Funding and Financial Health: Solaris has secured a $200 million financing package from Royal Gold, which is non-dilutive and covers all necessary activities until a final investment decision (FID) in late 2026 [5][21] 5. Social License and Community Engagement: The company has signed multiple agreements with local communities and received endorsements from various government levels, ensuring a social license to operate [6][18] 6. Management Team: The management team has extensive experience in mining and a proven track record, which is crucial for the project's success [7][8] 7. Strategic Positioning: The project has no major partners in the equity stack, providing strategic flexibility for future partnerships [5][10] 8. Infrastructure and Location: Ecuador is highlighted as a favorable mining jurisdiction with low tax rates, good infrastructure, and supportive government policies [15][16][17] 9. Permitting Process: The company is progressing well with the Environmental Impact Assessment (EIA) and anticipates approval by late 2025 [27][28] 10. Future Catalysts: Key upcoming milestones include the publication of the Preliminary Feasibility Study (PFS) and updated mineral resource estimates in late 2025, followed by a bankable feasibility study in 2026 [29][30] Additional Important Information - Investor Protection: The company benefits from investment protection agreements, including tax and regulatory freezes until 2066 [17] - Community Support: Strong rapport with local communities and multiple agreements in place to ensure ongoing support for the project [18] - Market Position: Solaris believes it is undervalued relative to its net asset value (NAV) and expects to see value accretion as it meets its development milestones [32] This summary encapsulates the key points from the Solaris Resources presentation, highlighting the company's strategic advantages, project viability, and future growth potential in the copper mining industry.