Solaris Resources Inc. Reports EIA Technical Approval and Secures US$50 Million Financing Tranche
Solaris Resources Inc. has received the technical approval of the Environmental Impact Assessment (EIA) for its Warintza Project in Ecuador. This significant milestone, achieved after a multi-year government review, de-risks the project and paves the way for final permits by the end of 2026. The EIA approval also triggers the second tranche of US$50 million under the company's US$200 million financing agreement with Royal Gold, Inc., strengthening Solaris' balance sheet. The company is now proceeding with the Free, Prior and Informed Consultation (FPIC) process, a key step towards obtaining the Mining Exploitation Agreements. Solaris Resources is advancing the Warintza Project, one of the world's largest undeveloped copper assets, with a focus on responsible development and community engagement.