Solaris Announces US$80 Million Financing Package to Fund Warintza Project Through Studies and Permitting
VANCOUVER, British Columbia, Dec. 11, 2023 (GLOBE NEWSWIRE) — Solaris Resources Inc. (TSX:SLS; OTCQB:SLSSF) (“Solaris” or the “Company”) is pleased to announce that Solaris and OMF Fund IV SPV D LLC and OMF Fund IV SPV E LLC, entities managed by Orion Mine Finance Management LP (collectively, “Orion”), have entered into definitive agreements with respect to the previously announced financing package of US$80 million for the advancement of the Warintza Project (the “Project”) in Ecuador, comprised of a US$60 million senior secured debt facility (the “Senior Loan”), an offtake with a buyback provision (the “Offtake”), a subscription for US$10 million in equity and a commitment for US$10 million in additional equity financing.
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