Solaris Resources (TSX:SLS) has received the third and final US$50 million instalment of its US$200 million ($288 million) package with Royal Gold, completing a non-dilutive raise the company says will carry the Warintza Copper Project in southeast Ecuador through permitting.
The package, agreed in May 2025 with RGLD Gold, a subsidiary of Royal Gold, comprises a gold stream and a net smelter return royalty.
The first US$100 million was paid at closing, US$50 million followed publication of the Prefeasibility Study and technical approval of the environmental impact assessment, and the final US$50 million on completion of security filings.
Solaris reported cash and cash equivalents of US$54 million at 30 June 2026, before the latest tranche. It says the funds give it flexibility to run social, permitting, technical, and operational workstreams in parallel.
The company has not given dates for the remaining approvals or for the outcome of a government-led consultation process, which its forward-looking statements identify as the key variables.
CEO Matthew Rowlinson says the funding strengthens the balance sheet without issuing new equity.
“Receipt of the final tranche completes the US$200 million Royal Gold funding package and materially strengthens our liquidity as we advance Warintza’s social, permitting and technical workstreams,” Rowlinson adds.
Solaris Resources is a Canadian copper-gold explorer and developer, owns 100% of Warintza, and holds exploration and development assets across the Americas.
Write to JC Villarba at Mining.com.au
Images: Solaris Resources
