Each one in plain English, with the numbers worked through for a shareholder.
9 Apr 2026regulatory community update▲ GoodMajor
Solaris announced it received technical approval of its environmental impact assessment for Warintza, which the headline calls a major permitting milestone after a multi-year government review. The headline also mentions a US$50 million item that further strengthens the balance sheet, but the filing text provided is only the cover page, so its nature and terms (e.g., equity or debt) are not available here. The EIA approval follows the assessment submitted in September 2024.
Solaris published a pre-feasibility study for Warintza, per the headline: a first mineral reserve, a significant increase in the mineral resource, an extensive mine life, and an NPV of US$4.6bn. The filing text provided is only the cover page, so the underlying figures (tonnage, grade, mine life, assumptions, discount rate) are not available here. This builds on the 2024 resource estimate and the planned updated estimate.
11 Sept 2025regulatory community update▲ GoodMajor
Solaris announced a 'landmark agreement' with the Arutam Shuar People (PSHA), which the headline says completes formal partnerships with all Indigenous organisations surrounding Warintza. This appears to follow the March 2025 letter of intent with PSHA (an inference from the shared counterparty). The filing text provided is only the cover page, so the agreement's terms are not available here.
Solaris gave notice that its auditor KPMG resigned on its own initiative effective June 25, 2025, and BDO Canada was appointed to replace it until the next annual meeting. The company says there were no modified opinions from KPMG in the past two financial years and no reportable events; both firms' letters agree with the notice. The filing does not give a reason for KPMG's resignation.
Solaris announced it has completed its drilling campaign at Warintza, with 82,000 metres of infill drilling, and is targeting an updated mineral resource estimate for Q3 (2025). The filing text provided is only the cover page, so hole results and other details are not available here. This follows the 2024 drill programs and the July 2024 resource estimate.
Solaris signed a Letter of Intent with the Arutam Shuar People (PSHA) in Morona Santiago, Ecuador, forming an inter-institutional working group. A letter of intent is a preliminary document, not a final agreement. The cover page now lists a Baar, Switzerland address and a new CFO/Company Secretary (Richard Hughes), which fits with the earlier announced move out of Vancouver (an inference).
Solaris reported more veins at its Celestina epithermal target near Warintza, with follow-up surface samples of up to 16,019 g/t silver and 25.3 g/t gold. This continues the June epithermal sampling results. The filing text provided is only the cover page.
Solaris announced it submitted an environmental impact assessment for construction of Warintza and initial steps to emigrate (relocate its corporate home) to Ecuador. Only the headline and cover page are in the filing text provided, so details of the process and timing are not available here.
Solaris filed the full technical report for the updated Warintza mineral resource estimate (effective July 1, 2024, prepared by Mario Rossi of GeoSystems International) along with his consent. This is the resource update that was expected by mid-2024. The excerpt provided is truncated before the resource tables, so tonnage and grade figures are not available here.
Solaris reported another Warintza drill result of 148m at 0.72% copper-equivalent within 325m at 0.51% from surface, and said an updated mineral resource estimate is expected this month (July 2024). The filing text provided is only the cover page, so no resource numbers are given.
Solaris reported first assays from sampling of epithermal mineralization found during regional exploration around Warintza, with up to 11,570 g/t silver and 12.3 g/t gold. These are surface sample results, not drill holes, and the filing text provided is only the cover page. This follows the Caya epithermal gold target work and the newly optioned concessions.
Solaris reported a Warintza drill result of 81m at 0.73% copper-equivalent within 544m at 0.50% from surface, and announced a major expansion of the 2024 drill program, citing record productivity. Only the headline and cover page are in the filing text provided, so the size of the expansion is not available here.
10 June 2024capital raising announcement● NeutralMajor
Solaris announced it closed a financing of $54 million, per the headline. The filing text provided is only the cover page, so the breakdown and terms are not available here; it is likely to be the bought-deal offering announced in May, but that link is an inference, not stated.
Solaris filed the final short form prospectus for the share offering announced May 21: 7,150,000 shares at C$4.90 plus up to 1,072,500 more under the over-allotment option. Closing is still expected around June 10, 2024, subject to TSX and NYSE American approval. No new terms are given.
What it means for a shareholder
7.2m new shares at C$4.90 to raise about C$35.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
22 May 2024capital raising announcement● NeutralMajor
Solaris announced a bought-deal sale of 7,150,000 new common shares at C$4.90 each, about C$35.0M gross (up to about C$40.3M if the 1,072,500-share over-allotment option is fully used). Proceeds are for expanded drilling and exploration at Warintza, fieldwork on the ten new concessions, and general purposes. Shareholders face dilution from the new shares; closing is expected around June 10, 2024, subject to approvals.
What it means for a shareholder
7.2m new shares at C$4.90 to raise about C$35.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Ecuador's state mining company ENAMI EP awarded Solaris an option to acquire up to 100% of 10 exploration concessions (~40,000 hectares) next to Warintza. The award still depends on signing a definitive agreement, expected to include a US$0.25M upfront payment, an exploration program of up to US$25M, and a purchase price to be set by independent experts. Fieldwork is set to start in May.
Solaris reported its first 2024 drill results at the Warintza copper project in Ecuador, including 384m averaging 0.51% copper-equivalent (with 150m at 0.67%) in hole SLS-76 and 284m at 0.53% in SLSE-31. Six rigs are running, at least 30km of drilling is planned for 2024, and a resource update is expected by end of June. The company says it is funded for 2024-2025 by the December offtake financing (about US$39M cash at Dec 31, 2023, plus US$40M expected), and the January strategic investment is still awaiting Canadian regulatory approval.
