Company Profile

Solaris Copper is a multi-asset exploration company focused on copper projects in the Americas. The Company holds a 100% interest in the Warintza advanced-stage copper-molybdenum property in Ecuador and a 100% interest in the Ricardo early-stage copper-molybdenum property in Chile, both of which were discovered by J. David Lowell, arguably the world’s leading copper geologist. The Ricardo project is being advanced by Freeport-McMoRan as per an earn-in option agreement whereby Freeport can earn up to an 80% interest in Ricardo by spending $130 million on exploration and development or by spending $30 million and completing a feasibility study.

Solaris Copper also holds a 60% interest in the La Verde advanced-stage copper-silver-gold property in Mexico with the remaining 40% held by a subsidiary of Teck Resources, and has earn-in agreements for the early-stage Tamarugo copper property in Chile and for two early-stage base metals projects in Peru.

Solaris Copper was formed in August 2018 as a spin-out of Equinox Gold Corp.’s copper assets. Equinox Gold’s Board of Directors determined that these promising copper projects would get better valuation and visibility in a standalone copper-focused company, and that separating Equinox Gold into separate gold-focused and copper-focused companies would provide each business unit with sharper focus on its long-term strategy and better flexibility to achieve its growth objectives.

Sixty percent of the shares were distributed to Equinox Gold shareholders, who received 1/10th of a Solaris Copper share for every EQX share held, with the remaining shares held by Equinox Gold as a long-term supportive shareholder. Equinox warrants, options and restricted share units were also adjusted pursuant to the arrangement.

Solaris Copper shares are not currently listed on a designed stock exchange but the Company is recognized as a “public corporation” by Canada Revenue Agency and is a “reporting issuer” under Canadian securities legislation and, as such, will comply with its continuous disclosure obligations including press releases and financial reporting. Solaris Copper is considering a potential stock exchange listing, but at the moment there is no firm date for listing the company.