Forward Looking Statements
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia Securities Act.
These statements relate to future events or the Company’s future performance. All statements, other than statements of historical fact, may be forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “plans”, “budget”, “scheduled”, “continue”, “estimates”, “forecasts”, “expect”, “is expected”, “project”, “propose”, “potential”, “targeting”, “intends”, “believes”, “objective” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this website should not be unduly relied upon by readers, as actual results may vary.
Such forward-looking statements herein include estimates, forecasts and statements with respect to, among other things, future trends, plans, strategies, objectives and expectations, including with respect to costs, capital requirements, availability of financing, production, exploration and resources, projected production from La Verde including the estimated internal rate of return, exploitation activities, and potential future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.
These forward-looking statements are based on a number of assumptions, including assumptions regarding the successful completion of mining and mineral projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource, grade, mine life, cash cost, net present value and internal rate of return estimates and other assumptions, projections and estimates made in the technical reports for the Warintza and La Verde projects; that mineral resources can be developed as planned; interest and exchange rates; that required financing and permits will be obtained; general economic conditions; that labour disputes, surface rights disputes, access to property, flooding, ground instability, fire, failure of plant, equipment or processes to operate as anticipated and other risks of the mining industry will not be encountered; the price of gold, silver, copper and other metals; competitive conditions in the mining industry; title to mineral properties; and changes in laws, rules and regulations. Although management believe that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate. Actual results and developments may differ materially from those expressed or implied by the forward-looking statements contained herein and even if such actual results and developments are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects.
Factors which could cause actual results to differ materially from current expectations include changes in market conditions; actual results being materially different than reserve and resource, grade, mine life, net present value, internal rate of return and cash cost estimates and the other projections and estimates made in the technical reports for the Warintza and La Verde projects; variations in grade or recovery rates; risks relating to international operations; fluctuations in gold, silver, copper and other metal prices and currency exchange rates; failure to obtain required financing; inability to successfully complete mining and mineral projects, planned expansions or other projects within the timelines anticipated; natural disasters; adverse changes to general economic conditions or applicable laws, rules and regulations; changes in project parameters; the possibility of project cost overruns or unanticipated costs and expenses; labour disputes, surface rights disputes, access to property, flooding, ground instability, fire and other risks of the mining industry; failure of plant, equipment or processes to operate as anticipated; the risk of an undiscovered defect in title or other adverse claim; and the risk that results of exploration activities will be different than anticipated. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Solaris Resources does not intend to update any forward-looking statements to conform these statements to actual results, except as required by applicable law.
National Instrument 43-101
The material properties of Solaris Resources are the Warintza and La Verde projects. Unless otherwise stated, scientific and technical information concerning the Warintza Project is summarized, derived, or extracted from the "Technical Report, Warintza Project, Ecuador" completed by Equity Exploration Consultants Ltd. with effective date of December 13, 2019. The technical report has been filed with Canadian securities regulatory authorities and is available for download on this website and on the Solaris Resources profile on SEDAR at www.sedar.com. Unless otherwise stated, scientific and technical information concerning the La Verde Project is summarized, derived, or extracted from the “Technical Report, La Verde Copper Project, Michoacán State, Mexico” prepared by AMC Mining Consultants (Canada) Ltd. with an effective date of June 20, 2018. The technical report has been filed with Canadian securities regulatory authorities and is available for download on this website and on SEDAR at www.sedar.com.
Readers are reminded that results outlined in the technical reports for each of these projects are preliminary in nature and may include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the mine plans and economic models contained in any of the reports will be realized. Readers are further cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.
The technical information in this website has been reviewed by Jorge Fierro, M.Sc., DIC, PG, Vice President Exploration of Solaris, who is a Qualified Person under National Instrument 43-101 and has reviewed, approved and verified the technical content of this website.
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