Solaris Announces $130 Million Strategic Investment By Zijin Mining Group
01/11/24, 11:35 AM
Location
vancouverMoney raised
$130 million
Industry
mineral
precious metals
mining
Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to announce that it has entered into a subscription agreement (the “Subscription Agreement”) in respect of an approximately $130 million private placement of common shares of Solaris (“Common Shares”) by an affiliate of Zijin Mining Group Co., Ltd. (“Zijin”) at a subscription price of $4.55 per Common Share (the “Private Placement”).
Company Info
Location
vancouver, british columbia, canada
Additional Info
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”.