Solaris Resources Inc T.SLS

Alternate Symbol(s): SLSR

Metals & Mining Industrial Metals & Minerals

Solaris Resources Inc. is a Canada-based multi-asset exploration company that is engaged in advancing a portfolio of copper and gold assets in the Americas. Its Warintza property is a porphyry copper-molybdenum-gold project located in southeastern Ecuador in the province of Morona Santiago. It includes nine metallic mineral concessions covering 26,777 hectares (ha). The Ricardo property is an exploration porphyry copper prospect located near Calama, Chile in the Calama Mining District. Its claim block covers approximately 16,000 ha. The Tamarugo property is a grass-roots copper porphyry target located in northern Chile approximately 85 kilometers northeast of Copiapo. Its claim blocks cover a total of approximately 12,300 ha. The Capricho project is a 4,200-ha copper-molybdenum-gold property. The Paco Orco project is a 4,400-ha lead, zinc and silver property. The La Verde property is situated in the Sierra Madre del Sur west of Mexico City, including the Unificacion Santa Maria claim.

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Solaris Resources Inc > Cannacord Raises Target

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Comment by HARJAYon May 22, 2024 10:37am

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Post# 36051858

RE:Cannacord Raises Target

FYI

May 22, 2024 Price: C$5.24 (05/21/2024) Price Target: C$17.00

Yesterday evening, Solaris announced a C$35mm bought deal equity financing. With the offering priced at an ~6.5% discount to yesterday's closing price, we could see modest pressure on the shares in today's trading; however, we view the financing positively as the offering will help fund an expanded drilling program (which could provide even more growth to Warintza).

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