SOLARIS RES INC - SLSSF STOCK NEWS

Solaris Resources announces the termination of a minority equity investment aimed at expanding the Warintza Project in Ecuador, including the purchase of an adjacent asset. Regulatory approval was not obtained within the expected timeframe, and the deal no longer reflects market value, given a 35% share price increase since the announcement.

The company has secured funding for 2024 and 2025 Warintza programs, with an additional US$40 million available through an offtake financing package. Solaris will focus on maximizing shareholder value and strategic flexibility. The Warintza Project timeline includes an Environmental Impact Assessment in H2/24 and a Pre-Feasibility Study in H2/25.

Solaris Resources Inc. provides an update on the Warintza Project in Ecuador, with improved productivity and cost savings under a new COO. The company appoints consultants for the EIA and PFS studies, with drilling progressing well and funding secured for future programs. The PR highlights increased efficiency, key milestones, and partnerships to support the project's development.

Solaris Resources Inc. announces the award of an option to acquire new concessions hosting porphyry copper and epithermal gold potential adjacent to the Warintza Project in Ecuador. The Company has the opportunity to acquire up to a 100% interest in 10 new exploration concessions totaling approximately 40,000 hectares. The concessions are strategically located near major copper and gold mines in Ecuador and show promising signs of mineralization based on various data analyses. Solaris is set to begin fieldwork in May, with a focus on porphyry copper and epithermal gold targets. The award is a result of a competitive bidding process with terms including an upfront payment to the Ecuadorian state-owned mining company, ENAMI EP, and a proposed exploration program.

Solaris Resources Inc. reports positive drilling results from its 2024 program at the Warintza Project in Ecuador, including significant copper equivalent grades. The company is well-funded for its drilling program and plans to expand activities in the surrounding district. Field crews are actively exploring the Caya epithermal gold target, with promising results expected in June.

Solaris Resources Inc. and the Shuar communities of Warints and Yawi have signed an updated Impact and Benefits Agreement for the Warintza Project in Ecuador. The agreement reflects continued growth and community support for the responsible development of the project, emphasizing positive impacts on local populations.

Solaris Resources Inc. is set to commence trading on the NYSE American under the symbol 'SLSR', with no action required from shareholders. The company's common shares will cease trading on the OTCQB Venture Market.

Solaris Resources Inc. announces the retraction of a mineral resource estimate for an indicative starter pit at the Warintza project, confirming the unchanged mineral resource estimate for the greater Warintza project. The Company discloses Indicated mineral resources of 579Mt at 0.59% CuEq and Inferred mineral resources of 887Mt at 0.47% CuEq above a 0.3% CuEq cut-off grade. The Company will file an amended technical report to reflect these changes.

Solaris Resources Inc. announces a trilateral cooperation agreement with FICSH and AEI of Ecuador to promote economic and social development in Shuar communities. The agreement includes programs in health, education, skills training, entrepreneurship, innovation, and sustainable mineral resource development.

Solaris Resources Inc. announces the commencement of the 2024 drilling program at its Warintza Project in Ecuador, with an updated mineral resource estimate expected to nearly double the prior estimate. The company has also closed a $40 million funding, including equity financing and senior secured debt facility drawdown, to fund its 2024 and 2025 programs. The regional exploration program is also underway to define drill targets at prospective areas, with a focus on copper-molybdenum enrichment. The technical information and quality control & quality assurance processes are in place to ensure the accuracy and reliability of the data referred to in the press release.