Solaris Resources Inc. engages in acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising eight metallic mineral concessions, which covers an area of 268 km2 located in Ecuador. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. The company was incorporated in 2018 and is based in Vancouver, Canada.

Solaris Resources Inc.

Solaris Resources is engaged in copper and gold exploration and development in the Americas. It focuses on resource growth and discovery at its mining projects.

Solaris Resources

Solaris Resources Inc. | 6,962 followers on LinkedIn. Copper Growth and Discovery in the Americas | Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes a world class copper resource with expansion and discovery potential at its Warintza Project in Ecuador; a series of grass roots exploration projects with discovery potential in Peru and Chile; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico. Solaris Resources trades the Toronto Stock Exchange under the trading symbol “SLS” and on the NYSE American under the symbol “SLSR”.

Vice President, Investor Relations at Solaris Resources Inc.

Jacqueline Wagenaar, CPIR

Tax and Business Advisory Partner at Walsh King CPA,

Ron Walsh

Vice President Exploration at Solaris Resources Inc.

Jorge Fierro

Chief Financial Officer | Corporate Director

Sunny Lowe

$ SLS.TO $SLSR provides #Warintza Project update on technical programs, early works infrastructure and assay results from its 2024 drilling program, now set to exceed 75km! #copper #Ecuador https://bit.ly/3CxqJji

Positive reception expected to $ SLS.TO $SLSR drill results today showing #Warintza improving grade profile and pit expansion potential outside 2024 MRE!

$ SLS.TO $SLSR New #Warintza Assay Results! -Drilling continues to build on the 2024 MRE with high-grade mineralization outside of the MRE in the NW and SE sectors -Some of these holes also significantly improve upon modelled grades in sparsely drilled areas -New monthly drilling record of 10km (8 rigs) in August https://bit.ly/4dk57UA

$ SLS.TO $SLSR Identifies Additional Veins as Celestina Epithermal Target Takes Shape East of #Warintza Cluster; Reports 16,019 g/t Silver and 25.3 g/t Gold in Follow-Up Sampling! #Ecuador https://bit.ly/47hMq2l

$ SLS.TO $SLSR Submits Environmental Impact Assessment for Construction of #Warintza and Announces Initial Steps to Emigrate to #Ecuador to align with stakeholders! https://bit.ly/3Tj9rwa

SLS.TO $SLSR latest intercepts imply higher-grade lateral extensions of the pit to the northwest while also further lowering the strip ratio! #Warintza is one of the best #copper development projects given its scale, grade, low strip, low elevation, and access to infrastructure in #Ecuador

$ SLS.TO $SLSR #Warintza Drill Results! https://bit.ly/4fJLoQs #Ecuador -Ongoing 60,000m, 8-rig program -Drilling extends near surface, high-grade mineralization to the N, NW and SE of MRE -Focused on open lateral extensions, primarily to the NW, SW and SE, and infill drilling -Constructed a series of step-out platforms to the NW, with drilling underway, to test the potential of a large anomaly and the connection to #Warintza West and Central -Complementary district exploration efforts are underway with results expected soon at Celestina

New U.S. initiation report from H.C. Wainwright! Buy Rating, US$10 Target Price $SLSR $ SLS.TO

$ SLS.TO $SLSR completes joint socialization programs with government entities and local communities to support the initial exploration activities of its district exploration programs at #Warintza ! -Geotechnical drilling has now commenced in the Caya-Mateo target to aid in targeting efforts and subsequent discovery drilling -Field work continues in the emerging Celestina epithermal gold/silver area (prior sampling returned up to 11,570 g/t Ag and 12.3 g/t Au across 30cm of breccia outcrop), with the next batch of results expected soon https://bit.ly/4frxEJX

Mr. Arun Lamba appointed as Vice President, Corporate Development, bringing nearly 15 years of experience in financial services and capital markets covering the mining sector! His expertise in project, market and transaction analysis will support our immediate efforts to explore opportunities to create value for shareholders around #Warintza and our portfolio. $ SLS.TO $SLSR #Ecuador Welcome to the team Arun! https://bit.ly/3LFQn6X

	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-2.06M -	-1.00M 51.38%	-25.99M 2,491.33%	-56.86M 118.76%	-58.72M 3.27%	-41.08M 30.03%
depreciation and amortization	6K -	13K 116.67%	68K 423.08%	408K 500%	783K 91.91%	928K 18.52%
deferred income tax			7.64M -	-1.57M 120.51%		660K -
stock based compensation	49K -	212K 332.65%	1.59M 650.47%	4.90M 207.92%	3.51M 28.37%	5.13M 46.31%
change in working capital	27K -	588K 2,077.78%	2.67M 354.25%	6.85M 156.53%	-2.25M 132.76%	-3.39M 51.14%
accounts receivables
inventory
accounts payables	59K -	224K 279.66%	2.80M 1,149.55%	7.47M 167.06%	-2.54M 134.02%	-3.40M 33.50%
other working capital	-32K -	364K 1,237.50%	-128K 135.16%	-623K 386.72%	298K 147.83%	2K 99.33%
other non cash items	-924K -	-4.36M 371.86%	-88K 97.98%	-398K 352.27%	-1.72M 332.16%	100K 105.81%
net cash provided by operating activities	-2.90M -	-4.55M 56.63%	-14.11M 210.15%	-46.66M 230.65%	-58.39M 25.13%	-38.31M 34.38%
investments in property plant and equipment	-8K -	-7K 12.50%	-684K 9,671.43%	-1.68M 145.91%	-1.12M 33.65%	-89K 92.03%
acquisitions net
purchases of investments
sales maturities of investments
other investing activites		-70K -		596K -	-239K 140.10%	-347K 45.19%
net cash used for investing activites	-8K -	-77K 862.50%	-684K 788.31%	-1.09M 58.77%	-1.35M 24.77%	-347K 74.39%
debt repayment		-6K -	-44K 633.33%	-265K 502.27%	-155K 41.51%	-162K 4.52%
common stock issued	1.84M -	9.78M 432.39%	78.55M 703.16%			10M -
common stock repurchased						-617K -
dividends paid
other financing activites	1.23M -	654K 46.66%	2.67M 307.49%	7.48M 180.60%	41.41M 453.70%	711K 98.28%
net cash used provided by financing activities	3.06M -	10.43M 240.45%	81.17M 678.39%	7.21M 91.11%	41.25M 471.90%	62.27M 50.95%
effect of forex changes on cash	-1K -	51K 5,200%	1.13M 2,107.84%	839K 25.49%	-634K 175.57%	488K 176.97%
net change in cash	149K -	5.85M 3,827.52%	67.50M 1,053.45%	-39.70M 158.81%	-19.13M 51.82%	24.09M 225.97%
cash at beginning of period	92K -	241K 161.96%	6.09M 2,428.22%	73.59M 1,107.83%	33.90M 53.94%	14.77M 56.43%
cash at end of period	241K -	6.09M 2,428.22%	73.59M 1,107.83%	33.90M 53.94%	14.77M 56.43%	38.87M 163.13%
operating cash flow	-2.90M -	-4.55M 56.63%	-14.11M 210.15%	-46.66M 230.65%	-58.39M 25.13%	-38.31M 34.38%
capital expenditure	-8K -	-7K 12.50%	-684K 9,671.43%	-1.68M 145.91%	-1.12M 33.65%	-89K 92.03%
free cash flow	-2.91M -	-4.56M 56.44%	-14.80M 224.69%	-48.34M 226.74%	-59.51M 23.09%	-38.40M 35.46%

COM:SOLARISRESOURCES

Solaris Resources

Last Close

4.23

22/11 21:00

Market Cap

594.27M

Beta: -

Volume Today

698.71K

Avg: -

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