.jpg)
1 hour ago
2
Article content
HIGHLIGHTS OF THE PRESS RELEASE:
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
- EIA Technical Approval Received – Major permitting milestone achieved following a comprehensive multi-year government review, significantly de-risking the Warintza Project
- US$50 million Financing – Receipt of the EIA technical approval triggers the second tranche under the existing US$200 million financing agreement with Royal Gold,
further strengthening Solaris’ balance sheet - Advancing Toward Final Permits – Clear pathway toward a fully permitted project by the end of 2026, uniquely positioning Warintza as a near term globally significant copper development project
Article content
Article content
Article content
QUITO, Ecuador, April 09, 2026 (GLOBE NEWSWIRE) — Solaris Resources Inc. (“Solaris” or the “Company”) (TSX: SLS; NYSE: SLSR) is pleased to announce it has received the technical approval of the Environmental Impact Assessment (“EIA”) for its Warintza Project (“Warintza” or “Warintza Project”) in southeastern Ecuador. The approval represents a major permitting milestone and a significant de-risking event for the project following an extensive technical review process conducted by a multidisciplinary team from the Ministry of Environment and Energy.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The EIA technical approval reflects a comprehensive evaluation of the project’s environmental, engineering, and social management plans, including detailed analysis covering environmental baseline studies, water management, biodiversity protection, infrastructure design, geological understanding and community engagement frameworks.
Article content
Matthew Rowlinson, President and CEO of Solaris Resources, commented: “This approval is a critical milestone for the Warintza Project and an important validation of the technical quality, environmental stewardship and responsible development approach undertaken by our team. The EIA review involved rigorous technical evaluation and close collaboration with regulators over an extended period. Achieving this milestone significantly de-risks the project and reflects the strength of our environmental planning and responsible development approach. Importantly, this milestone also enables the Company to access the second tranche of US$50 million under our financing agreement with RGLD Gold AG, a wholly-owned subsidiary of Royal Gold, Inc. (together, “Royal Gold”), further strengthening the balance sheet as we continue to advance key workstreams across permitting, infrastructure development and district scale exploration at Warintza.”
Article content
Article content
Permitting Next Steps
Article content
Following receipt of the EIA technical approval, the Warintza Project will advance through the remaining stages of Ecuador’s environmental licensing and development approval process including the Government-led Free, Prior and Informed Consultation (“FPIC”) process. Government officials conducted an initial site visit during 2025 to assess project readiness, and the formal consultation process is expected to commence shortly. Completion of these steps will support the granting of Warintza’s Mining Exploitation Agreements, with Solaris targeting a fully permitted project by the end of 2026.
Article content
Second Tranche of Royal Gold Financing Secured
Article content
Following the publication of the Pre-Feasibility Study (“PFS”) in November 2025 and the receipt of EIA technical approval, Solaris has satisfied the conditions required to draw down the second tranche under its US$200 million financing agreement with Royal Gold, which closed in May 2025 (the “funding package”).
Article content
This milestone enables the Company to access US$50 million in additional funding that further strengthens the Company’s balance sheet and provides additional financial flexibility to advance key development activities at Warintza. The third tranche of US$50 million will become available on the first anniversary of the closing date, subject to completion of all filings necessary to fully perfect Royal Gold’s security.
English (US)