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Solaris and CELEC have announced the Canadian Business Journal Warintza with an MOU to supply low-cost, emission-free hydropower.

Vancouver, British Columbia, March 21, 2022 (GLOBE NEWSWIRE) — Solaris Resources Inc.. (TSX: SLS; OTCQB: SLSSF) and its subsidiary Lowell Mineral Exploration Ecuador SA (“Solaris” or “Company”) are Ecuador’s Electric Corporation (“CELEC EP”), a Warintza project in southeastern Ecuador (“CELEC EP”). Supply low cost locally sourced hydropower to the Warintza or Project).

CELEC EP will provide locally sourced hydropower from Ecuador’s national transmission system with the aim of providing the primary power needed for the Warinza project. This initiative is in line with the Ecuador Zero Carbon Program, developed by the Ministry of Environment, Water and Ecosystem Transition, and the National Decarbonization Agreement, in which Solaris became the first mining signator in September 2021.

From this rich, renewable, low-cost energy source, Solaris studies the potential for moving and transporting materials, including infrastructure electrification, mobile mining equipment such as drills, trucks and shovels, and gravity-assisted solutions. We aim to maximize the potential for efficiency gained. , And processing and pumping systems.

Daniel Earl, President and Chief Executive Officer, commented: It broadly positions efficiency, emission reductions, and projects as key development opportunities across various financial and ESG indicators in the industry. “

Gonzalo Uquilus Vallejo, General Manager of CELEC, said: -A mining industry of a scale that will be central to the development of the Ecuadorian economy in the coming decades. “

On behalf of the Board of Directors of Solaris Resources Inc.

“Daniel Earl”
President, Chief Executive Officer, Director

For more information

Jacqueline Wagenaar, Vice President of Investor Relations
Direct: 416-366-5678 ext. 203
Email: jwagenaar@solarisresources.com

About Solaris Resources Inc.

Solaris is driving a portfolio of copper and gold assets in the Americas. This includes: A high quality resource with the potential for expansion and additional discoveries in the Warinza Copper and Gold project in Ecuador. Potential discoveries in the Chilean grassroots Tamargo project and the Peruvian Capricho and Paco Orco projects. US $ 130 million spending / 5 years exposure through a farm out contract with Freeport-McMoran on the Ricardo project in Chile. Significant leverage to raise copper prices through a 60% interest on the La Verde joint venture project with Teck Resources in Mexico.

Description of notes and future prospects

This document contains specific forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of the applicable securities law. The use of the words “will” and “expected” and similar expressions is intended to identify forward-looking statements. These statements include a statement that CELEC EP will provide locally sourced hydropower from Ecuador’s national transmission system with the aim of providing the primary power needed for the Warinza project. A low-cost energy source by exploring the potential of infrastructure electrification, mobile mining equipment such as drills, trucks and excavators, and material transfer and transportation, processing and pumping systems, including gravity-assisted solutions. It broadly positions efficiency, emission reductions, and projects as key development opportunities across various financial and ESG indicators in the industry. Oracle believes that such forward-looking statements and / or expectations reflected in the information are reasonable, but note that actual results may differ from forward-looking statements. please. These statements are based on a variety of assumptions, including those made about our ability to advance exploration efforts in the Warinza project. The result of such exploration efforts; the company’s ability to achieve growth goals. Solaris and CELEC enter into a binding agreement that reflects the terms and conditions set forth in this news release. And CELECEP fulfills its obligations. These statements also include known and unknown risks, uncertainties, and other factors that may cause actual results and events to differ materially from those expected in such forward-looking statements. increase. This includes risks, uncertainties, and other factors identified in the discussion and analysis of Solaris management. Available at www.sedar.com for years ending December 31, 2020. In addition, forward-looking statements contained in this news release have been prepared as of the date of this news release, and Oracle has these forward-looking statements unless required by applicable securities law. We undertake no obligation to publicly update or revise any statement regarding. ..


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Solaris and CELEC have announced the Canadian Business Journal Warintza with an MOU to supply low-cost, emission-free hydropower.

Source link Solaris and CELEC have announced the Canadian Business Journal Warintza with an MOU to supply low-cost, emission-free hydropower.

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