Welcome to our dedicated page for Solaris Res news (Ticker: slsr), a resource for investors and traders seeking the latest updates and insights on Solaris Res stock.
Solaris Resources Inc (SLSR) delivers copper and gold exploration updates through its Latin American projects in Ecuador, Chile, and Peru. This news hub provides investors and industry observers with verified updates on resource modeling, drilling programs, and strategic developments.
Access comprehensive coverage of corporate announcements including project milestones, technical reports, and partnership agreements. Our curated news collection features:
• Exploration Results: Detailed drilling outcomes and resource estimates from flagship projects like Warintza
• Strategic Updates: Joint venture announcements and regional expansion plans
• Operational Insights: Geological findings and exploration methodology advancements
Bookmark this page for real-time updates on Solaris Resources' progress in developing high-grade copper systems and gold assets. Stay informed about critical developments affecting mineral resource evaluation in emerging mining jurisdictions.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has successfully completed joint socialization programs for its initial exploration activities at the Warintza Project in southeastern Ecuador. The company has begun geotechnical drilling in the Caya-Mateo target and continues fieldwork in the Celestina epithermal gold/silver area. The socialization programs, attended by local communities and government representatives, focused on local hiring, training, and environmental management commitments.
Government delegates praised the transparency and community engagement in the process. Solaris aims to use this success as a template for broader ambitions in the northern Zamora belt, where it plans to secure a joint venture partner. The company's approach aligns with community values and demonstrates its commitment to responsible mining practices.
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has appointed Arun Lamba as Vice President, Corporate Development, effective immediately. Mr. Lamba brings nearly 15 years of experience in financial services and capital markets covering the mining sector. He most recently served as Senior Mining Analyst at TD Cowen. Mr. Lamba is a Chartered Financial Analyst with an MBA from the Rotman School of Management and degrees in engineering and economics from Queen's University.
Daniel Earle, President & CEO, expressed enthusiasm about welcoming Lamba to the team, highlighting his expertise in project, market, and transaction analysis. This appointment aims to support Solaris' efforts to create value for shareholders around their flagship Warintza Project and other portfolio assets.
Solaris Resources (TSX: SLS; NYSE: SLSR) has reported an In-Pit Mineral Resources Estimate (MRE) for its Warintza Project in Ecuador. Key highlights include:
1. 909 Mt at 0.53% CuEq (Measured & Indicated) and 1,426 Mt at 0.37% CuEq (Inferred) at a 0.25% CuEq cut-off grade.
2. Higher-grade mineralization of 427 Mt at 0.71% CuEq (Measured & Indicated) at a 0.50% CuEq cut-off grade.
3. Ongoing 2024 drill program of 60,000m targeting open extensions and upgrading resources.
4. Concurrent district exploration for epithermal gold/silver and porphyry copper discoveries.
5. Pre-Feasibility Study (PFS) planned for H2/25.
Solaris Resources has announced promising results from its 2024 drilling program at the Warintza Project in Ecuador. Key findings include:
- SLSE-36: 148m at 0.72% CuEq within 325m at 0.51% CuEq.
- SLS-77: 108m at 0.70% CuEq within 273m at 0.57% CuEq.
- SLS-78: 78m at 0.70% CuEq within 114m at 0.65% CuEq.
- SLS-79: 78m at 0.60% CuEq within 248m at 0.50% CuEq.
- SLST-03: 312m at 0.62% CuEq within 1,028m at 0.30% CuEq.
These results, along with other findings, will be included in an updated mineral resource estimate expected this month. The 2024 drill program has been expanded to 60,000m across 140 holes to improve coverage. Solaris continues to focus on resource extension at Warintza Southeast, Patrimonio exploration, and technical drilling to support a pre-feasibility study in the second half of 2025.
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+.
