Solaris completes Warintza drilling campaign and advances key de-risking milestones ahead of major near-term value catalysts
Drilling Campaign and Resource Update: Solaris Resources has completed an extensive 82,000-meter drilling campaign at its Warintza project in Ecuador, aiming to upgrade mineral resources and publish an updated Mineral Resource Estimate by Q3 2025, alongside ongoing exploration activities.
Political Stability and Development Plans: The re-election of President Daniel Noboa enhances political stability, supporting Solaris's progress on environmental assessments and permitting, with a Pre-Feasibility Study also expected by Q3 2025, leading towards a Final Investment Decision by the end of 2026.
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HC Wainwright & Co. Reaffirms Buy Rating for Solaris Resources, Increases Price Target to $13.5
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Solaris Enhances Community Collaborations and Achieves Significant Progress at Warintza Project
Landmark Agreement with Indigenous Organizations: Solaris Resources Inc. has signed a significant agreement with the Pueblo Shuar Arutam organization, completing formal partnerships with all Indigenous groups around the Warintza Project, which enhances community engagement and support for the project.
Advancement of Project Development: The company is progressing with its Pre-Feasibility Study and has submitted the final Technical Environmental Impact Assessment for government review, while preparing to initiate the Free, Prior and Informed Consultation process with local communities.
Focus on Long-Term Value Creation: Solaris is committed to achieving a Final Investment Decision for the Warintza Project, supported by strong community partnerships and financial stability, while also exploring additional opportunities in the region.
Commitment to Responsible Mining: The company emphasizes its dedication to sustainable development and community empowerment through responsible mining practices, aiming to deliver lasting benefits to local communities and stakeholders.
