Solaris Resources Inc. - SLSR STOCK NEWS

Solaris Resources and the Warints and Yawi Shuar communities have addressed false claims made by anti-mining NGOs regarding the Warintza Project in Ecuador. The government has recognized these communities as the sole legal holders of their ancestral lands since 2002. The project has advanced to the Advanced Exploration phase, supported by successful community consultations and environmental assessments. Formal agreements, such as the Impact and Benefits Agreement, have been updated to reflect the project's growth. Solaris also signed a cooperation agreement with the Interprovincial Federation of Shuar Centers and the Alliance for Entrepreneurship and Innovation of Ecuador, reinforcing community support and rejecting NGO claims.

Solaris Resources has announced significant assay results from its regional exploration near the Warintza cluster in southeastern Ecuador. Sampling in the newly discovered southern area returned up to 11,570 grams per tonne (g/t) of silver and 12.3 g/t of gold across a 30cm breccia outcrop. Ongoing exploration has expanded the area of interest several kilometers south of the Caya-Mateo area. The company plans to initiate exploration drilling in late Q3/24 or early Q4/24. Initial sampling has indicated high concentrations of epithermal pathfinder elements over a 1km by 2km area. Detailed mapping and sampling are in progress, and follow-up programs in the Caya-Mateo area are scheduled to start in July. Solaris uses rigorous QA/QC protocols to ensure the reliability of the data, verified by a qualified professional geologist.

Solaris Resources announced the results of its annual general meeting held on June 24, 2024. All matters presented for approval were passed, including electing six nominees as directors and re-appointing KPMG LLP as auditors. Approval percentages for the nominees were high, with Poonam Puri receiving the highest at 98.33%. The re-appointment of auditors KPMG LLP was nearly unanimous with 99.90% votes in favor.

Solaris Resources (TSX: SLS; NYSE: SLSR) announced significant drilling results and an expanded 2024 drilling program at its Warintza Project in Ecuador. Key findings include 81m of 0.73% CuEq within 544m of 0.50% CuEq from surface, and 189m of 0.50% CuEq within 580m of 0.42% CuEq. The drilling program has doubled from 30km to 60km, supported by recent financing and infrastructure improvements. The company plans to continue regional exploration and will release an updated mineral resource estimate in July, reflecting two years of additional drilling. Enhanced productivity and logistics are expected to support further growth and detailed mine planning.

Solaris Resources has successfully closed its bought deal equity offering, securing a total of $54 million. The offering, which included the full exercise of the over-allotment option, consisted of 8,222,500 common shares at $4.90 per share, raising $40,290,250. Additionally, a private placement of 2,795,102 common shares at the same price raised $13,696,000. The funds will support an expanded exploration and drilling program at the Warintza Project in Ecuador and other regional exploration activities. The financing was led by National Bank Financial Markets, RBC Capital Markets, and BMO Capital Markets.

Solaris Resources (TSX: SLS; NYSE: SLSR) has filed a final short form prospectus for its previously announced bought deal offering. The offering involves the distribution of 7,150,000 common shares at $4.90 per share, with an additional 1,072,500 shares available through an over-allotment option. This transaction is expected to close around June 10, 2024, pending regulatory approvals from the Toronto Stock Exchange and the NYSE American The prospectus is available on SEDAR+.

Solaris Resources (TSX: SLS; NYSE: SLSR) has announced a $35 million bought deal offering, where underwriters will purchase 7,150,000 common shares at $4.90 per share. The company could gain an additional $5.25 million if the over-allotment option is fully exercised, totaling $40.29 million. Proceeds will fund the Warintza Project in Ecuador, regional exploration, and general purposes. The offering closes around June 10, 2024, pending regulatory approvals. Shares will be offered in Canadian provinces (excluding Quebec) and to U.S. institutional buyers under specific conditions.

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.