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Solaris Announces $130 Million Strategic Investment By Zijin Mining Group

PUBLIC · SLSRJan 11, 2024

Amount Raised

$130 Million

Round Type

Corporate Round

MiningPrecious MetalsMineral

Description

Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to announce that it has entered into a subscription agreement (the “Subscription Agreement”) in respect of an approximately $130 million private placement of common shares of Solaris (“Common Shares”) by an affiliate of Zijin Mining Group Co., Ltd. (“Zijin”) at a subscription price of $4.55 per Common Share (the “Private Placement”).

Quick answer

Solaris Resources raised $130 Million in a Corporate Round round, dated January 11, 2024.

How much did Solaris Resources raise?
Solaris Resources raised $130 Million in a Corporate Round round on January 11, 2024.
What does Solaris Resources do?
Solaris is a multi-asset exploration company, advancing a portfolio of copper and gold assets in the Americas, which includes: its primary focus, a world class large-scale resource with expansion and discovery potential..
Who are the decision-makers at Solaris Resources?
Fundz holds 1 contact at Solaris Resources. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining and Precious Metals around the same time

Companies in the same sectors as Solaris Resources that raised within 45 days of this round, from Fundz verified event records.

  • Montage Gold raised $20M (Funding Round) on February 22, 2024.
  • Brookmount Explorations raised $275K (Seed) on February 21, 2024.
  • Canada Nickel Company raised $19M on February 6, 2024.
  • Power Nickel raised $2.2M (Seed) on January 9, 2024.
  • Canada Nickel Company raised an undisclosed amount on December 29, 2023.
  • Atacama Copper raised $1.4M on December 20, 2023.

Who to call at Solaris Resources, and when

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Company Information

Company

Solaris Resources

About

Solaris is a multi-asset exploration company, advancing a portfolio of copper and gold assets in the Americas, which includes: its primary focus, a world class large-scale resource with expansion and discovery potential at the Warintza Project in Ecuador; discovery potential at its Ricardo Project and Tamarugo Project in Chile; discovery potential at its Capricho and Paco Orco projects in Peru; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.

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