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Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. It owns interests in Warintza project located in southeastern Ecuador in the province of Morona Santiago, Canton Limon Indanza; and the Tamarugo project located in northern Chile. The company also holds interests in the La Verde project located in the Sierra Madre del Sur west of Mexico City in Michoacán State, Mexico; and the Capricho and Paco Orco projects in Peru. In addition, it has an option agreement to acquire up to a 100% interest in 10 new explorations concessions; and has an option to acquire up to a 100% interest in a new portfolio of exploration areas ("Solaris 2") located immediately adjacent to the Warintza Project in southeastern Ecuador. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. Solaris Resources Inc. was incorporated in 2018 and is headquartered in Baar, Switzerland.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Solaris Resources Inc is a Toronto-listed explorer and developer of copper projects in the Americas, with its flagship Warintza project in Ecuador. Long-term growth may be supported by rising copper demand from electrification and renewable energy, potential resource expansion through continued exploration and advancement toward project development, giving investors leveraged exposure to copper prices and project upside.
Key risks are project development and permitting delays, substantial financing needs, volatile copper prices and country-level political and social risk in Ecuador that could disrupt timelines and operations.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -42.45M | -77.08M | -41.08M | -58.72M | -56.86M |
| Minority interest | 0.06M | 0.06M | 0.07M | 0.06M | 0.06M |
| Net income | -42.97M | -77.02M | -41.01M | -55.69M | -54.30M |
| Selling general administrative | 12.94M | 11.47M | 10.22M | 8.17M | 8.88M |
| Selling and marketing expenses | - | 61.51M | 30.95M | 0.65M | 0.62M |
| Gross profit | -1.12M | - | - | - | - |
| Reconciled depreciation | 1.10M | 1.01M | 0.93M | 0.78M | 0.41M |
| Ebit | -49.13M | -72.98M | -41.42M | -60.31M | -59.35M |
| Ebitda | -48.02M | -72.20M | -40.42M | -60.90M | -60.47M |
| Depreciation and amortization | 1.12M | 0.77M | 1.00M | -0.59M | -1.12M |
| Operating income | -49.13M | 72.98M | -41.17M | -60.31M | -59.35M |
| Other operating expenses | 49.13M | -72.98M | 41.17M | 60.31M | 59.35M |
| Interest expense | 5.84M | 4.11M | 0.15M | 1.59M | 0.40M |
| Tax provision | 0.57M | - | - | - | - |
| Interest income | 1.13M | 4.11M | 0.51M | 1.74M | 0.40M |
| Net interest income | -4.61M | -4.11M | 0.51M | 0.37M | 0.40M |
| Income tax expense | 0.58M | - | -0.00M | -3.03M | -2.55M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 48.02M | -72.98M | 41.17M | 60.31M | 59.35M |
| Cost of revenue | 1.12M | - | - | - | - |
| Total other income expense net | 6.68M | -150.06M | 0.09M | 1.59M | 2.49M |
| Net income from continuing ops | -42.29M | -77.08M | -41.08M | -58.72M | -56.86M |
| Net income applicable to common shares | - | -77.02M | -41.01M | -58.66M | -56.80M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 57.92M | 57.20M | 61.82M | 38.53M | 57.65M |
| Other current assets | 0.52M | - | 0.23M | 0.14M | 0.72M |
| Total liab | 106.81M | 66.48M | 36.39M | 10.30M | 14.53M |
| Total stockholder equity | -56.73M | -17.20M | 17.52M | 20.32M | 35.21M |
| Other current liab | 6.14M | - | 0.00M | 0.36M | 1.78M |
| Common stock | 251.95M | - | 206.36M | 169.95M | 119.56M |
| Capital stock | 252.41M | 244.72M | 206.36M | 169.95M | 119.56M |
| Retained earnings | -324.22M | -282.58M | -205.57M | -164.56M | -105.90M |
| Other liab | - | - | - | - | 1.67M |
| Other assets | - | - | - | 0.31M | 0.07M |
| Cash | 25.16M | 31.74M | 38.87M | 14.77M | 33.90M |
| Cash and equivalents | - | - | - | 14.77M | 33.90M |
| Total current liabilities | 8.38M | 13.05M | 5.36M | 8.85M | 12.67M |
| Current deferred revenue | - | - | -0.00M | - | - |
| Net debt | -24.69M | 17.47M | -9.41M | -14.54M | -33.57M |
| Short term debt | 0.06M | - | 0.09M | 0.14M | 0.14M |
| Short long term debt total | 0.48M | - | 29.45M | 0.23M | 0.32M |
| Other stockholder equity | - | - | 15.15M | 13.88M | 21.55M |
| Property plant equipment | - | - | - | 22.96M | 22.72M |
| Total current assets | 25.91M | 32.58M | 39.39M | 15.26M | 34.85M |
| Net tangible assets | - | - | - | - | 35.21M |
| Net receivables | 0.08M | 0.04M | 0.20M | 0.25M | 0.15M |
| Long term debt | - | 49.21M | 29.36M | - | - |
| Inventory | 0.16M | 0.14M | 0.10M | 0.10M | 0.09M |
| Accounts payable | 2.19M | - | 5.27M | 8.34M | 10.75M |
| Accumulated other comprehensive income | 15.54M | - | 1.58M | 1.04M | 21.55M |
| Non currrent assets other | 26.23M | 0.57M | 0.57M | 0.31M | 0.07M |
| Non current assets total | 32.01M | 24.62M | 22.43M | 23.27M | 22.80M |
| Capital lease obligations | 0.48M | 0.43M | 0.09M | 0.23M | 0.32M |
| Long term debt total | - | - | - | 0.09M | 0.19M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -2.66M | -0.35M | -1.35M | -1.09M |
| Change to liabilities | - | - | - | - | 7.47M |
| Total cashflows from investing activities | -3.10M | -2.66M | -0.35M | -1.35M | -1.09M |
| Net borrowings | -45.25M | 14.76M | 29.84M | - | -0.27M |
| Total cash from financing activities | -52.76M | 54.47M | 62.27M | 41.25M | 7.21M |
| Change to operating activities | - | - | - | - | -0.62M |
| Net income | -42.97M | -77.08M | -41.08M | -58.72M | -56.86M |
| Change in cash | -8.07M | -7.13M | 24.09M | -19.13M | -39.70M |
| Begin period cash flow | 33.24M | 38.87M | 14.77M | 33.90M | 73.59M |
| End period cash flow | 25.16M | 31.74M | 38.87M | 14.77M | 33.90M |
| Total cash from operating activities | 49.11M | -58.39M | -38.31M | -58.39M | -46.66M |
| Issuance of capital stock | 0.24M | 39.62M | 10.00M | - | 0.00M |
| Depreciation | 1.12M | 1.01M | 0.93M | 0.78M | 0.41M |
| Other cashflows from investing activities | 1.15M | -2.41M | -0.26M | -0.24M | -0.00M |
| Dividends paid | 0.00M | - | - | - | - |
| Sale purchase of stock | - | 39.65M | -0.62M | 40.93M | 7.00M |
| Other cashflows from financing activities | -0.31M | 0.09M | 23.05M | 41.41M | 7.48M |
| Change to netincome | - | - | - | - | 2.87M |
| Capital expenditures | 2.32M | 2.66M | 0.09M | 1.12M | 1.68M |
| Change in working capital | 82.44M | 7.37M | -3.39M | -2.25M | 6.85M |
| Stock based compensation | 3.90M | 4.00M | 5.13M | 3.51M | 4.90M |
| Other non cash items | 8.52M | 6.31M | 0.10M | -1.72M | -1.96M |
| Free cash flow | 46.79M | -61.05M | -38.40M | -59.51M | -48.34M |
Sector: Basic Materials Industry: Other Precious Metals & Mining
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| SLS Solaris Resources Inc |
0.16 1.65% |
9.85 | - | - | - | 15.94 | -17.60 |
| CGG China Gold International Resources |
1.82 6.08% |
31.75 | 19.17 | 10.47 | 9.40 | 4.17 | 12.82 |
| TFPM Triple Flag Precious Metals Corp |
2.26 5.71% |
41.82 | 28.88 | 26.25 | 24.87 | 3.62 | 20.83 |
| PPTA Perpetua Resources Corp |
1.33 5.91% |
23.84 | - | 1000.00 | - | 7.80 | -29.76 |
| ABRA AbraSilver Resource Corp. |
0.58 5.70% |
10.76 | - | 476.19 | 2.77 | 32.60 | -5.62 |
Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. It owns interests in Warintza project located in southeastern Ecuador in the province of Morona Santiago, Canton Limon Indanza; and the Tamarugo project located in northern Chile. The company also holds interests in the La Verde project located in the Sierra Madre del Sur west of Mexico City in Michoacán State, Mexico; and the Capricho and Paco Orco projects in Peru. In addition, it has an option agreement to acquire up to a 100% interest in 10 new explorations concessions; and has an option to acquire up to a 100% interest in a new portfolio of exploration areas ("Solaris 2") located immediately adjacent to the Warintza Project in southeastern Ecuador. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. Solaris Resources Inc. was incorporated in 2018 and is headquartered in Baar, Switzerland.
| Name | Title | Year Born |
|---|---|---|
| Mr. Richard William Warke | Exec. Chairman | 1960 |
| Mr. Daniel Earle | Pres, CEO & Director | NA |
| Ms. Sunny S. C. Lowe | Chief Financial Officer | NA |
| Mr. Jorge Fierro | VP of Exploration | 1966 |
| Ms. Jacqueline Wagenaar | VP of Investor Relations | NA |
| Mr. Thomas Andrew Ladner | VP of Legal | 1990 |
| Mr. Federico Velásquez | Pres of Latin America | NA |
| Ms. Purni Parikh | Sr. VP of Corp. Affairs & Corp. Sec. | 1970 |
| Mr. Richard William Warke | Executive Chairman | 1960 |
| Mr. Daniel Earle | President, CEO & Director | NA |
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