-- Solaris Resources (SLSR) said Thursday it has received technical approval for the Environmental Impact Assessment of its Warintza Project in southeastern Ecuador.
The approval follows an extensive review by the Ministry of Environment and Energy and triggers the release of a second $50 million financing tranche from Royal Gold (RGLD) as part of a larger $200 million agreement reached in May 2025 to advance the project toward a final investment decision, Solaris said.
The project now moves into a government-led Free, Prior and Informed Consultation process with local communities, as Solaris targets full permitting by the end of 2026, it added.
The third $50 million tranche will be available in the first year after the closing date, the company said.
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