Solaris Completes Warintza Drilling Campaign and Advances Key Milestones

An update from Solaris Resources ( (TSE:SLS) ) is now available.

Solaris Resources Inc. announced the completion of a significant drilling campaign at its Warintza Project in Ecuador, which included over 82,000 meters of infill drilling between January 2024 and February 2025. This effort is expected to upgrade a substantial portion of resources to the Measured and Indicated categories, with an updated Mineral Resource Estimate anticipated in Q3 2025. The company is advancing key de-risking milestones, including the technical approval of the Environmental Impact Assessment and a Pre-Feasibility Study, both targeted for mid to late 2025. The re-election of President Daniel Noboa provides political stability, supporting Solaris’ progress in permitting and stakeholder engagement. These developments position Solaris to deliver a Final Investment Decision by the end of 2026, aligning with a strong global copper market outlook.

Spark’s Take on TSE:SLS Stock

According to Spark, TipRanks’ AI Analyst, TSE:SLS is a Underperform.

The overall stock score for Solaris Resources is 31, reflecting significant financial challenges including persistent losses, negative equity, and cash flow issues. While technical analysis provides mixed signals, the valuation remains unattractive due to the negative P/E ratio and lack of dividends. These factors collectively suggest a high-risk investment with substantial uncertainty.

To see Spark’s full report on TSE:SLS stock, click here.

More about Solaris Resources

Solaris Resources Inc. is a copper-gold exploration and development company focused on sustainable and responsible mining. The company is committed to empowering communities and stakeholders through participatory mining practices. Its flagship project, the Warintza Project, is a large copper-gold porphyry deposit located in southeastern Ecuador. Solaris also has exploration projects in Peru and Chile and holds a 60% interest in the La Verde joint-venture project in Mexico.

YTD Price Performance: 5.28%

Average Trading Volume: 62,058

Technical Sentiment Signal: Sell

Current Market Cap: $553.4M

See more insights into SLS stock on TipRanks’ Stock Analysis page.