16:24:11 EDT Sun 19 May 2024
Enter Symbol
or Name

Solaris Resources Inc
Symbol SLS
Shares Issued 108,870,567
Close 2022-05-13 C$ 11.21
Market Cap C$ 1,220,439,056
Recent Sedar Documents

Solaris receives $30.4-million from warrant exercise

2022-05-13 07:11 ET - News Release

Mr. Daniel Earle reports


Solaris Resources Inc. has received approximately $30.4-million from the exercise of common share purchase warrants.

Further warrant expiries occur in the second half of 2022 and first half of 2023 and, if exercised in full, would generate additional proceeds of $54.1-million. Of these, approximately 63 per cent of the remaining outstanding warrants are held by management, and primarily by the company's executive chairman, Richard Warke.

Daniel Earle, president and chief executive officer, commented: "With last year's intensive resource drilling program at Warintza Central having established a voluminous mineral resource estimate and robust starter pit, we are now directing our efforts to immediate high-impact drilling aimed at expanding the starter pit in open extensions of near surface, high-grade mineralization at Warintza Central, expanding the minimally drilled Warintza East discovery and testing the potential of the nearby Warintza West discovery."

About Solaris Resources Inc.

Solaris is advancing a portfolio of copper assets in the Americas, focused on its Warintza project in Ecuador that features a broad cluster of outcropping copper porphyry deposits anchored by a large-scale, high-grade open-pit resource inventory at Warintza Central. Continuing efforts are focused on rapid resource growth and further discovery drilling. The company offers additional discovery potential at its portfolio projects: Capricho and Paco Orco in Peru, Ricardo via joint venture with Freeport-McMoRan, and Tamarugo in Chile, and significant leverage to increasing copper prices through its 60-per-cent interest in the La Verde joint venture with Teck Resources in Mexico.

We seek Safe Harbor.

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