Solaris receives CAN$30 million from warrant exercises
Published by Jessica Casey,
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
Addressing The Battery Market's Elephant In The Room
Priya Sreenivasan and Naphtal Haya, DNV, highlight the importance of clear regulations around transparency in the cobalt supply chain amidst the energy transition.