Solaris Resources is a copper-gold exploration and development company whose sole material asset is the Warintza Project, a large copper-molybdenum porphyry deposit in southeastern Ecuador. Warintza is pre-production, having completed a Pre-Feasibility Study in late 2025, and is now advancing toward a full Feasibility Study. The PFS contemplates a 22-year open pit mine processing 60.2 Mt per year, producing roughly 156,000 tonnes of copper, 7,000 tonnes of molybdenum, and 49,000 oz of gold annually. Initial capital is estimated at ~$3.7B, with a post-tax NPV of $4.6B and a post-tax IRR of 26%. Solaris also holds a 60% interest in the La Verde joint venture with a Teck subsidiary, plus early-stage exploration projects in Peru and Chile, though neither is material relative to Warintza. Solaris generates no revenue today; value creation depends entirely on advancing Warintza through permitting, engineering, and ultimately construction. To finance development, Solaris has entered a gold stream and royalty agreement with Royal Gold, and a 20-year partial offtake agreement with Orion covering at least 20% of copper and molybdenum concentrate production. A key near-term milestone is obtaining EIA approval from Ecuador's Ministry of Environment and Energy, without which construction cannot begin. Solaris has also secured an Impact and Benefit Agreement with local Shuar communities, the first such agreement in Ecuador, providing surface access rights and community support.