Image source:https://www.solarisresources.com/warintza

Solaris Resources (TSX:SLS) has strengthened its position at its Warintza Project in Ecuador through a new option agreement with the state-owned ENAMI EP.

The agreement gives Solaris the right to acquire up to 100% of additional exploration areas surrounding Warintza, adding approximately 40,000 hectares to its copper district land package. This expansion meaningfully increases the company’s control of the project area and provides greater flexibility for its district-scale development strategy.

This consolidated land position enables planning beyond a single deposit toward a multi-asset growth trajectory, leveraging shared infrastructure, coordinated environmental and social management, and phased development across an integrated copper district. While Warintza remains the company’s flagship and most advanced project, the surrounding areas provide meaningful optionality and long-term value creation potential.

Strategic Opportunity

The Warintza district expansion adds scale and strengthens Solaris’ growth potential. Controlling more land around the project can provide greater operational flexibility and enable the company to focus on exploration and development in the most promising areas. This expansion gives investors a clearer view of the company’s long-term strategy and the scale of the district it is working to develop.

Exploration Upside

Over the past 16 months, Solaris has completed 11 field prospecting expeditions, collecting more than 1,500 rock and soil samples, with efforts primarily focused on the ENAMI 1 concessions. Initial geochemical results identified strong copper anomalies hosted within volcanic sequences affected by widespread potassic alteration, indicative of shallow, potentially high-grade copper mineralization.

Early-stage prospecting results from the step-out opportunities identify compelling copper anomalies with rock samples returning up to 8.38% Cu, supporting immediate follow-up work and reinforcing district-scale discovery potential.

Strong Share Price Momentum

Solaris’ shares are trading at CA$14.10, with a 34.20% gain over the past quarter and a one-year total shareholder return of 179.20%.

This strong performance indicates growing investor interest in the company and the potential to deliver long-term value. A published analyst price target of CA$20.30 is above the current share price, suggesting some analysts see additional upside.

Building Momentum

While Solaris remains in an early stage, the combination of a larger land package and strong share price performance shows increasing market attention. Investors appear focused on the company’s tier 1 Warintza project, combined with the long-term exploration potential, and are confident in Warintza’s growth.

The expansion demonstrates Solaris’ advancement of its copper district strategy while building value for shareholders. With a strengthened land position and positive market sentiment, the company is a notable player in the global copper sector.