Solaris Resources Secures 100% Exploration Rights from Ecuador's ENAMI EP
Solaris Resources announces a major advancement in its district-scale growth strategy. Ecuador's state-owned mining company, Empresa Nacional Minera ENAMI EP, has granted Solaris an option to acquire up to a 100% interest in a new portfolio of highly prospective exploration areas located immediately adjacent to the Company's world-class Warintza Project in southeastern Ecuador. This strategic award meaningfully expands Solaris' footprint around Warintza by approximately 40,000 hectares. Matthew Rowlinson, President and CEO of Solaris Resources, commented: "The award of these areas represents a significant step forward in strengthening our position across what is proving to be a highly prolific copper district. Early prospecting results from Solaris 1 are particularly encouraging, with multiple high-priority anomalies highlighting the broader geological potential beyond Warintza itself. With this expanded concession package, Solaris is well positioned to unlock a true district-scale opportunity built on shared infrastructure, responsible development and strong partnerships with the State and local communities."
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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.
