Solaris Resources Inc. - SLSR STOCK NEWS

Solaris Resources announced the results of its annual general meeting held on June 24, 2024. All matters presented for approval were passed, including electing six nominees as directors and re-appointing KPMG LLP as auditors. Approval percentages for the nominees were high, with Poonam Puri receiving the highest at 98.33%. The re-appointment of auditors KPMG LLP was nearly unanimous with 99.90% votes in favor.

Solaris Resources (TSX: SLS; NYSE: SLSR) announced significant drilling results and an expanded 2024 drilling program at its Warintza Project in Ecuador. Key findings include 81m of 0.73% CuEq within 544m of 0.50% CuEq from surface, and 189m of 0.50% CuEq within 580m of 0.42% CuEq. The drilling program has doubled from 30km to 60km, supported by recent financing and infrastructure improvements. The company plans to continue regional exploration and will release an updated mineral resource estimate in July, reflecting two years of additional drilling. Enhanced productivity and logistics are expected to support further growth and detailed mine planning.

Solaris Resources has successfully closed its bought deal equity offering, securing a total of $54 million. The offering, which included the full exercise of the over-allotment option, consisted of 8,222,500 common shares at $4.90 per share, raising $40,290,250. Additionally, a private placement of 2,795,102 common shares at the same price raised $13,696,000. The funds will support an expanded exploration and drilling program at the Warintza Project in Ecuador and other regional exploration activities. The financing was led by National Bank Financial Markets, RBC Capital Markets, and BMO Capital Markets.

Solaris Resources (TSX: SLS; NYSE: SLSR) has filed a final short form prospectus for its previously announced bought deal offering. The offering involves the distribution of 7,150,000 common shares at $4.90 per share, with an additional 1,072,500 shares available through an over-allotment option. This transaction is expected to close around June 10, 2024, pending regulatory approvals from the Toronto Stock Exchange and the NYSE American The prospectus is available on SEDAR+.

Solaris Resources (TSX: SLS; NYSE: SLSR) has announced a $35 million bought deal offering, where underwriters will purchase 7,150,000 common shares at $4.90 per share. The company could gain an additional $5.25 million if the over-allotment option is fully exercised, totaling $40.29 million. Proceeds will fund the Warintza Project in Ecuador, regional exploration, and general purposes. The offering closes around June 10, 2024, pending regulatory approvals. Shares will be offered in Canadian provinces (excluding Quebec) and to U.S. institutional buyers under specific conditions.

Solaris Resources announces the termination of a minority equity investment aimed at expanding the Warintza Project in Ecuador, including the purchase of an adjacent asset. Regulatory approval was not obtained within the expected timeframe, and the deal no longer reflects market value, given a 35% share price increase since the announcement.

The company has secured funding for 2024 and 2025 Warintza programs, with an additional US$40 million available through an offtake financing package. Solaris will focus on maximizing shareholder value and strategic flexibility. The Warintza Project timeline includes an Environmental Impact Assessment in H2/24 and a Pre-Feasibility Study in H2/25.

Solaris Resources Inc. provides an update on the Warintza Project in Ecuador, with improved productivity and cost savings under a new COO. The company appoints consultants for the EIA and PFS studies, with drilling progressing well and funding secured for future programs. The PR highlights increased efficiency, key milestones, and partnerships to support the project's development.

Solaris Resources Inc. announces the award of an option to acquire new concessions hosting porphyry copper and epithermal gold potential adjacent to the Warintza Project in Ecuador. The Company has the opportunity to acquire up to a 100% interest in 10 new exploration concessions totaling approximately 40,000 hectares. The concessions are strategically located near major copper and gold mines in Ecuador and show promising signs of mineralization based on various data analyses. Solaris is set to begin fieldwork in May, with a focus on porphyry copper and epithermal gold targets. The award is a result of a competitive bidding process with terms including an upfront payment to the Ecuadorian state-owned mining company, ENAMI EP, and a proposed exploration program.

Solaris Resources Inc. reports positive drilling results from its 2024 program at the Warintza Project in Ecuador, including significant copper equivalent grades. The company is well-funded for its drilling program and plans to expand activities in the surrounding district. Field crews are actively exploring the Caya epithermal gold target, with promising results expected in June.