Solaris Resources (TSE:SLS) has released an update.
Solaris Resources Inc. has successfully concluded a financing round, raising $54 million through the issuance of over 8.2 million common shares, boosted by the exercise of an over-allotment option. The funds will primarily support the expansion of exploration and drilling at the Warintza Project in Ecuador, along with regional exploration initiatives. Additionally, Solaris has drawn down a second equity tranche worth nearly $13.7 million as part of its offtake financing package.
For further insights into TSE:SLS stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
