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SOLARIS RES INC - SLSSF STOCK NEWS

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Solaris Resources Inc. (SLSSF) is a leading exploration and development company focused on advancing its high-grade copper projects in the Americas. Led by President & CEO Daniel Earle and VP Investor Relations Jacqueline Wagenaar, Solaris is well-positioned to capitalize on the growing demand for copper in sustainable energy solutions. The company's flagship project, Warintza, showcases significant resource potential and strong economics, with ongoing drilling programs and funding in place to further delineate its mineralization. Solaris prioritizes community engagement and environmental stewardship in all its operations.

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Solaris Resources Inc (OTCQB: SLSSF) announced the signing of an Investment Contract with the Government of Ecuador for the Warintza Project. This contract, which ratifies the previously announced Investment Protection Agreement, enhances project stability and offers new tax incentives, reducing the income tax rate from 25% to 20% and providing exemptions from various taxes. The project is positioned to benefit significantly from these developments, which provide a stable regulatory environment and support from local communities, ensuring long-term profitability.

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Solaris Resources has announced promising drilling results from its Warintza Project in Ecuador, focused on the Northeast Extension of the 'Indicative Starter Pit'. The latest assays indicate significant resource growth with hole SLS-67 returning 108m of 1.20% CuEq and SLS-68 showing 72m of 1.00% CuEq. The reported Warintza Mineral Resource Estimate stands at 180 Mt at 0.82% CuEq (Indicated) and 107 Mt at 0.73% CuEq (Inferred). Extensional drilling is ongoing, with assays pending from additional holes aimed at further expanding resources.

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Solaris Resources Inc. (OTCQB: SLSSF) announced positive assay results from its Warintza Project in Ecuador. The results from six drill holes at the Warintza East discovery significantly expand the footprint of the deposit, which remains open for further exploration. Key highlights include:

  • SLSE-15: 204m of 0.60% CuEq within 910m of 0.40% CuEq.
  • SLSE-14: 292m of 0.50% CuEq within 694m of 0.40% CuEq.
  • SLSE-12: 48m of 0.53% CuEq within 508m of 0.40% CuEq.
  • Future drilling planned to explore open areas.

This emphasizes the potential for significant resource growth.

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Solaris Resources Inc. (OTCQB: SLSSF) announced the exercise of C$18.7 million in share purchase warrants since its last quarterly results. Executive Chairman Richard Warke exercised 2.3 million warrants at C$6.75, raising C$15.5 million, alongside 0.6 million warrants at C$1.20 for C$0.7 million. Remaining warrants include 3.1 million at C$1.20 and 0.2 million at C$6.75, which could yield an additional C$4.9 million if exercised. By May 2023, an additional 25 million warrants expiring at C$1.20 could generate C$30 million, with 98% held by insiders.

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Solaris Resources (OTCQB: SLSSF) reported significant assay results from its Warintza Project in Ecuador. The discovery at Warintza West outlines a broad porphyry deposit measuring at least 900m x 600m, still open in all directions. Key assay highlights include:

  • SLSW-07: 686m at 0.46% CuEq
  • SLSW-02: 246m at 0.47% CuEq
  • SLSW-09: 202m at 0.45% CuEq
  • Follow-up drilling is planned to expand the high-grade starter pit and other discoveries.

The company remains optimistic about further exploration potential.

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Solaris Resources Inc. (OTCQB: SLSSF) announced significant assay results from its Warintza Project in Ecuador, highlighting the expansion of the Northeast Extension of the 'Indicative Starter Pit.' The updated mineral resource includes 180 Mt at 0.82% CuEq (Indicated) and 107 Mt at 0.73% CuEq (Inferred). Notable drill results include SLS-66, yielding 124m of 0.82% CuEq within 622m at 0.42% CuEq, and SLS-64 with 110m at 0.54% CuEq from 440m. Follow-up drilling is ongoing, with future assay results expected in the next four weeks.

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Solaris Resources Inc (OTCQB: SLSSF) reported positive assay results from its Warintza Project in Ecuador, indicating a significant expansion of the Northeast Extension of the ‘Indicative Starter Pit’. The recent drilling revealed high-grade mineralization, with SLS-62 returning 168m of 0.68% CuEq and SLS-63 yielding 230m of 1.02% CuEq. The current resource estimate is 180 Mt at 0.82% CuEq (Indicated) and 107 Mt at 0.73% CuEq (Inferred). Follow-up drilling is underway, with further assays expected shortly.

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Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) has provided updates on its Warintza Project in Ecuador, highlighting continued exploration efforts with seven drill rigs targeting high-value growth. The company resumed operations after recent protests, addressing a backlog of assays. Regional exploration has revealed new porphyry targets and skarn targets, expanding the project’s potential. Additionally, Solaris is advancing a spin-out to create Solaris Exploration Inc., with plans to transfer non-core assets. This strategic move aims to enhance shareholder value.

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On June 23, 2022, Solaris Resources Inc (OTCQB: SLSSF) announced that all matters at its annual shareholders' meeting were approved. These included the election of six directors and reappointment of KPMG LLP as auditors. Election results show Daniel Earle received 96.1% approval, while other nominees also secured substantial votes, indicating strong shareholder support. Solaris, focused on copper projects in the Americas, is advancing its Warintza Project in Ecuador and has further potential in Peru and Chile.

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Solaris Resources Inc has reached an agreement with the Government of Ecuador for an Investment Protection Agreement (IPA) regarding its Warintza Project. This agreement establishes a stable legal framework, including tax incentives such as a 5% income tax reduction and exemptions from duties on imports for new investments. The IPA also guarantees protections against confiscation and ensures international arbitration for disputes. The signing ceremony is set for July 2022, with community support reaffirmed through an amended agreement.

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FAQ

What is the current stock price of SOLARIS RES (SLSSF)?

The current stock price of SOLARIS RES (SLSSF) is $3.298 as of April 18, 2024.

What is the market cap of SOLARIS RES (SLSSF)?

The market cap of SOLARIS RES (SLSSF) is approximately 547.5M.

What is Solaris Resources Inc. focused on?

Solaris is dedicated to advancing high-grade copper projects in the Americas.

Who leads Solaris Resources Inc.?

The company is led by President & CEO Daniel Earle and VP Investor Relations Jacqueline Wagenaar.

What is Solaris Resources Inc.'s flagship project?

The flagship project is Warintza, which has significant resource potential and strong economics.

What are Solaris Resources Inc.'s key priorities?

Solaris prioritizes community engagement and environmental stewardship in all its operations.

What ongoing programs does Solaris Resources Inc. have?

The company has ongoing drilling programs and funding to further delineate mineralization at its projects.

SOLARIS RES INC

OTC:SLSSF

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SLSSF Stock Data

547.46M
79.66M
45.68%
15.12%
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