Skip to main content

Solaris receives CAN$30 million from warrant exercises

Published by , Editor
Global Mining Review,


Solaris Resources Inc. has received approximately CAN$30.4 million from the exercise of common share purchase warrants.

Further warrant expiries occur in 2H22 and 1H23 and, if exercised in full, would generate additional proceeds of CAN$54.1 million. Of these, approximately 63% of the remaining outstanding warrants are held by management, and primarily by the company’s Executive Chairman, Richard Warke.

Daniel Earle, President and CEO, commented: “With last year’s intensive resource drilling programme at Warintza Central having established a voluminous mineral resource estimate and robust starter pit, we are now directing our efforts to immediate high-impact drilling aimed at expanding the starter pit in open extensions of near surface, high-grade mineralisation at Warintza Central, expanding the minimally-drilled Warintza East discovery, and testing the potential of the nearby Warintza West discovery.”

Read the article online at: https://www.globalminingreview.com/exploration-development/13052022/solaris-receives-can30-million-from-warrant-exercises/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Copper mining news Canadian mining news