Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Solaris Resources ( (TSE:SLS) ) is now available.
On January 28, 2026, Solaris Resources announced a major step in its district-scale strategy at its Warintza copper project in Ecuador, securing an option from state-owned miner ENAMI EP to acquire up to 100% of a new portfolio of concessions dubbed Solaris 2, immediately adjacent to Warintza. The award adds roughly 40,000 hectares and, together with existing Solaris 1 concessions and the core Warintza property, consolidates Solaris’ control over what it describes as one of the world’s most promising emerging copper districts, with terms including a US$0.25 million upfront payment and a minimum US$25 million exploration program over four years. Early-stage prospecting at Solaris 1 has already outlined three high-priority targets, with soil anomalies and rock samples grading up to 8.38% copper at Tinki South, suggesting potentially shallow, high-grade mineralization and reinforcing the company’s ambition to develop a multi-asset copper hub using shared infrastructure. Solaris also reported steady permitting progress at Warintza, with technical approval of its Environmental Impact Assessment nearing and full project permitting targeted for the second half of 2026, while a feasibility study led by international engineering firms is underway to refine mine design, costs and tailings solutions, supporting a future construction decision and further entrenching Solaris’ position as a leading copper development player in Ecuador.
The most recent analyst rating on (TSE:SLS) stock is a Hold with a C$14.50 price target. To see the full list of analyst forecasts on Solaris Resources stock, see the TSE:SLS Stock Forecast page.
Spark’s Take on TSE:SLS Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLS is a Neutral.
The score is held back primarily by weak fundamentals: the company is pre-revenue with sizable ongoing losses and negative equity, which increases funding and dilution risk. Technicals are a meaningful positive with an uptrend and supportive momentum indicators. Valuation remains unattractive/unclear due to negative earnings and no dividend yield.
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 high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit boasting more than 1.3 billion tonnes of mineral reserves, characterized by high-grade, near-surface mineralization and favorable strip-adjusted grades. The company emphasizes responsible mining practices, strong community partnerships, and long-term value creation for local stakeholders, positioning Warintza as a large-scale, economically robust development within the global copper sector.
Average Trading Volume: 354,119
Technical Sentiment Signal: Buy
Current Market Cap: C$2.22B
For a thorough assessment of SLS stock, go to TipRanks’ Stock Analysis page.