Solaris Enters into US$200 Million Financing Agreements with Royal Gold to Advance the Warintza Project
Funding Announcement: Solaris Resources Inc. has secured a US$200 million non-dilutive funding package from Royal Gold, which includes a gold stream and NSR royalty, aimed at repaying senior debt and supporting derisking activities for its Warintza copper project.
Strategic Implications: The financing structure allows Solaris to maintain flexibility and strategic optionality for future project financing while retaining significant exploration potential in the Warintza district, reflecting strong investor confidence in Ecuador's mining sector.
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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.
