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Solaris Resources (SLSR)

Advances Ecuador's Warintza copper-molybdenum project through feasibility and permitting.

$7.53
vs last close+0.12 (+1.62%)
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Solaris Resources IncSLSR
Materials

Advances Warintza, a copper-molybdenum project in Ecuador designed to produce copper and molybdenum concentrates plus gold and silver by-products. With no producing mine or operating revenue, it funds exploration, studies and permitting through equity and project-linked financing.

Advances Warintza, a copper-molybdenum porphyry project in southeastern Ecuador, from exploration through feasibility and permitting. The pre-feasibility plan uses an open pit and flotation concentrator to produce copper concentrate with gold and silver, plus molybdenum concentrate. Warintza is the only material mineral project, and there is no producing mine or operating revenue.

Maintains La Verde in Mexico, Tamarugo in Chile, and the Capricho and Paco Orco earn-in interests in Peru, plus an option over adjoining Ecuadorian concessions. Funding supports acquisition, exploration, studies, permitting and development rather than mine cash flow. An impact and benefits agreement with the Warints and Yawi communities supplies surface-access and use rights for Warintza.

Advancement depends on environmental licensing, government-led consultation, exploitation approvals, long-duration capital and the community relationship. Future Warintza output is partly subject to copper and molybdenum offtakes, a gold stream and royalties.

Company facts

CEOMatthew Rowlinson
ListedApr 19, 2024
ExchangeAMEX
HeadquartersBaar, Switzerland
CountrySwitzerland
Employees84
CIK0002019103
ISINCA83419D2014

Market cap$1.24B
EPS (ttm)−$0.1798
P/E (ttm)−41.21
ROE
P/B
P/S
Dividend yieldDiv yield
Beta2.11vs XLB 1.11

Price target$16.00+115.9%Average of 2 analysts
ConsensusBuy1 of 2 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 11, 26
estimated · in 50 days
EPS estimate
−$0.06
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.16−$0.10−$0.02−$0.07−$0.06−$0.03−$0.02Pending
Estimate−$0.14−$0.12−$0.09−$0.08−$0.08−$0.08−$0.05−$0.06
Surprise−17.1%+13.0%+77.8%+8.7%+21.7%+60.9%+55.6%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.06
ReportedDue Nov 11, 2026
Estimate
ReportedDue Nov 11, 2026
View details

Current ratio841.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$20.8M−$25.9M−$16.1M−$3.8M−$12.2M−$9.5M−$4.9M−$3.5M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$20.5M$122.6M−$15.2M−$4.6M−$11.8M−$7.7M−$4.1M−$3.9M
YoY growth+68.7%Loss widenedLoss narrowedLoss narrowedTurned lossLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $54.0M · Total debt $388.0K · Total assets $102.9M · Shareholders' equity −$58.1M

Revenue
$0
Operating income
−$3.9M
Net income
−$3.5M
View details

No dividends on record.

Insiders36.69%61.28M shares
1 holder · as of Jan 3, 2025
Strategic holders5.34%8.92M shares
1 holder · as of Oct 24, 2024
Other57.97%96.84M shares
remainder

167.04M company shares as of Sep 18, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Warke Richard WInsider
36.69%61.28Mfiled Jan 3, 2025
Helikon Investments LimitedInstitution
10.47%17.49Mfiled May 7, 2026
BlackRock, Inc.Strategic
5.34%8.92Mfiled Oct 24, 2024
Earle Daniel1Insider
5.35%8.94Mfiled Nov 14, 2024
  1. Earle Daniel controls BlackRock, Inc.; the shares are counted once, under BlackRock, Inc.

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Compare

CompanyPriceChange
Solaris Resources$7.53+1.62%$1.24B
Western Copper and Gold$2.44+2.95%$534.8M