Solaris Receives Final US$50 Million Tranche Under Royal Gold Funding Package

The completed package provided US$200 million without an equity issuance through a gold stream and net smelter return royalty.

Rhea-AI Summary

Solaris Resources (NYSE: SLSR) has received the final US$50 million tranche of its funding package with Royal Gold subsidiary RGLD Gold AG. The payment completes the US$200 million non-dilutive package, comprising an initial US$100 million instalment and two subsequent US$50 million instalments.

Entered into in May 2025, the package comprises a gold stream and a net smelter return royalty, providing funding without an equity issuance. Solaris reported US$54 million in cash and cash equivalents as at June 30, 2026; that historical balance precedes the additional payment. The company said the funding provides financial flexibility to advance Warintza’s social, permitting, technical and operational workstreams in parallel toward a fully permitted project. Warintza has not yet reached that permitting milestone.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointReceipt of the final US$50 million completes the US$200 million funding package without an equity issuance. 4.2% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Solaris says the additional funding supports Warintza’s workstreams toward a fully permitted project.

Negative

• Moderate pointThe funding package carries a gold stream and net smelter return royalty.
• Minor pointWarintza’s full permitting remains outstanding as the project advances toward that milestone.

Key Figures

Final tranche received: US$50 million Funding package: US$200 million Initial tranche: US$100 million +1 more

Final tranche received

US$50 million

Third and final tranche under the Royal Gold funding package

Funding package

US$200 million

Completed package with Royal Gold

Initial tranche

US$100 million

First instalment under the funding package

Cash and cash equivalents

US$54 million

Reported as at June 30, 2026

Historical Context

1 past event · Latest: Sep 10

1 event

1. Sep 10

   Funding update

   24h Move

   -6.0%

   Solaris cited US$54 million cash and an expected US$50 million Royal Gold tranche.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-dilutive, gold stream, net smelter return royalty, environmental impact assessment

4 terms

non-dilutive financial

"Final US$50 Million Tranche Received – Receipt of the third and final tranche"

Non-dilutive describes funding or income that does not reduce existing shareholders’ ownership percentage. It matters to investors because it lets a company raise money or generate value—through grants, loans, licensing deals, or revenue—without issuing extra shares, so each existing share keeps the same claim on profits and control; think of adding toppings to a cake without cutting it into more slices.

gold stream financial

"comprises a gold stream and net smelter return royalty"

A gold stream is a contract where an investor or firm pays cash up front to a mining company in exchange for the right to buy a portion of that mine’s future gold at a set, usually below-market, price or to receive a fixed share of production. It matters to investors because it provides miners with immediate funding without issuing traditional debt or equity, while the streamer gains long-term exposure to gold at a predictable cost — a trade-off between lower purchase price and limited upside if gold prices rise sharply.

net smelter return royalty financial

"comprises a gold stream and net smelter return royalty"

A net smelter return (NSR) royalty is a contractual right to receive a percentage of the revenue from minerals sold after they are processed and refined, with common deductions for transportation and refining fees. Investors care because an NSR provides a predictable slice of mining project income without owning the mine, so it affects expected cash flow, risk exposure to commodity prices, and the valuation of both the royalty and the operating project—similar to collecting a portion of rent after paying building maintenance costs.

environmental impact assessment regulatory

"receipt of the Environmental Impact Assessment technical approval"

An environmental impact assessment is a process that evaluates how a planned project or development might affect the natural environment, including air, water, land, and wildlife. It helps identify potential risks and suggests ways to minimize harm before the project begins. For investors, it matters because projects with significant environmental risks may face delays, increased costs, or restrictions, affecting their overall viability and returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HIGHLIGHTS OF THE PRESS RELEASE:

• Final US$50 Million Tranche Received – Receipt of the third and final tranche completes the US$200 million non-dilutive funding package with Royal Gold.
  
  
• Strong Balance Sheet – Solaris reported cash and cash equivalents of US$54 million as at June 30, 2026, with the additional US$50 million further strengthening the Company’s financial position.
  
  
• Advancing Warintza Toward Final Permits – The strengthened balance sheet provides the financial capacity to continue advancing the workstreams required to progress Warintza toward a fully permitted project.
  

QUITO, Ecuador, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (“Solaris” or the “Company”) (TSX: SLS; NYSE: SLSR) is pleased to announce that it has received the third and final US$50 million tranche under its US$200 million funding package with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc. (together, “Royal Gold”).

Receipt of the final tranche completes the three scheduled instalments under the funding package, comprising an initial US$100 million tranche and two subsequent US$50 million tranches.

The Company reported cash and cash equivalents of US$54 million as at June 30, 2026. The additional US$50 million further strengthens Solaris’ balance sheet and provides additional financial flexibility to advance its social, permitting, technical and operational workstreams in parallel as it progresses Warintza toward a fully permitted project.

Matthew Rowlinson, President and Chief Executive Officer of Solaris, commented: “Receipt of the final tranche completes the US$200 million Royal Gold funding package and materially strengthens our liquidity as we advance Warintza’s social, permitting and technical workstreams. The package has provided substantial capital without an equity issuance while preserving strategic flexibility. We thank Royal Gold for their partnership and continued support as we responsibly advance Warintza.”

Royal Gold Funding Package
The US$200 million non-dilutive funding package was entered into in May 2025 and comprises a gold stream and net smelter return royalty. The funding was payable in three instalments: US$100 million at closing, US$50 million following publication of the Pre-Feasibility Study and receipt of the Environmental Impact Assessment technical approval, and the final US$50 million tranche following completion of the required security filings.

On behalf of the Board of Solaris Resources Inc.

“Matthew Rowlinson”
President & CEO, Director

For Further Information

Patrick Chambers, VP Business Development & Investor Relations
Email: pchambers@solarisresources.com

About Solaris Resources Inc.

Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza copper porphyry Project in southeast Ecuador. Solaris is committed to responsible mining practices that prioritize environmental stewardship, shared value creation, and long-term benefits for local communities and stakeholders.

Cautionary Notes and Forward-looking Statements

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements regarding the Company’s future exploration and development plans, growth and value; the timing, completion and potential results of such exploration and development plans; planned activities and potential future opportunities at Warintza; the timing and ability to obtain the requisite permits and regulatory approvals, if at all; the expected benefits of the Royal Gold funding package and the Company’s ongoing relationship with Royal Gold; the timing and outcome of the Government-led consultation process and other permitting processes; the ongoing ability to work cooperatively with stakeholders; and the use of and sufficiency of capital to fund the Company’s planned activities. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. The Company has based these forward-looking statements and information on the Company’s current expectations and assumptions about future events including assumptions regarding the exploration and regional programmes. These statements also involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis, for the year ended December 31, 2025 available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much funding has Solaris received under the Royal Gold package?

Solaris has received the full US$200 million package from Royal Gold subsidiary RGLD Gold AG. Funding consisted of an initial US$100 million tranche followed by two US$50 million tranches, without an equity issuance.

What milestones governed Solaris’ Royal Gold funding instalments?

The package provided US$100 million at closing, US$50 million following publication of the Pre-Feasibility Study and receipt of Environmental Impact Assessment technical approval, and the final US$50 million following completion of the required security filings.