Solaris Resources Receives EIA Technical Approval for Warintza Project
Solaris Resources announced it has received the technical approval of the Environmental Impact Assessment, or "EIA," for its Warintza Project in southeastern Ecuador. "The approval represents a major permitting milestone and a significant de-risking event for the project following an extensive technical review process conducted by a multidisciplinary team from the Ministry of Environment and Energy. The EIA technical approval reflects a comprehensive evaluation of the project's environmental, engineering, and social management plans, including detailed analysis covering environmental baseline studies, water management, biodiversity protection, infrastructure design, geological understanding and community engagement frameworks... Following the publication of the Pre-Feasibility Study in November 2025 and the receipt of EIA technical approval, Solaris has satisfied the conditions required to draw down the second tranche under its $200M financing agreement with Royal Gold, which closed in May 2025. This milestone enables the Company to access $50M in additional funding that further strengthens the Company's balance sheet and provides additional financial flexibility to advance key development activities at Warintza. The third tranche of $50M will become available on the first anniversary of the closing date, subject to completion of all filings necessary to fully perfect Royal Gold's security," the company stated. Matthew Rowlinson, President and CEO of Solaris Resources, commented: "This approval is a critical milestone for the Warintza Project and an important validation of the technical quality, environmental stewardship and responsible development approach undertaken by our team. The EIA review involved rigorous technical evaluation and close collaboration with regulators over an extended period. Achieving this milestone significantly de-risks the project and reflects the strength of our environmental planning and responsible development approach. Importantly, this milestone also enables the Company to access the second tranche of $50M under our financing agreement with RGLD Gold AG, a wholly-owned subsidiary of Royal Gold, Inc., further strengthening the balance sheet as we continue to advance key workstreams across permitting, infrastructure development and district scale exploration at Warintza."
