Solaris and Warints and Yawi Communities Correct the Record of False and Misleading Claims by Anti-Mining NGOs
01 Juli 2024 - 1:00PM
Solaris Resources Inc. (TSX: SLS; NYSE: SLSR)
(“Solaris” or the “Company”) and the Warints and Yawi Shuar
communities correct the record of false and misleading claims made
by anti-mining NGOs in relation to the social license for its
Warintza Project (“Warintza” or “the Project”) in the province of
Morona Santiago in southeastern Ecuador.
Warintza Resides on the Ancestral Lands
of the Warints and Yawi – The Ancestral Lands of these
communities have been registered and clearly defined by the
Government of Ecuador since 2002. These communities are registered
legal entities under Ecuadorean law and the only parties that have
any legal rights or authority over their Ancestral Lands. No other
entity or association has any legal rights or authority over the
Ancestral Lands of the Warints and Yawi.
Warints and Yawi Recognized as Sole
Holders of Their Ancestral Lands – The International Labor
Organization documented the legitimacy of the Warints and Yawi as
the sole holders of title to their Ancestral Lands and the legality
of the Strategic Alliance governance structure created by Solaris
as a mechanism of community consent for Warintza. The Strategic
Alliance is managed by an Advisory Board of Directors made up of
representatives of the Company and members of each community,
democratically elected through their General Assemblies.
Consultation Processes – The
Ministry of Environment of Ecuador has carried out two consultation
processes that have determined that the communities of Warints and
Yawi are those directly influenced by Warintza. These successful
consultation processes, supported by the communities, have allowed
for the phase change of the Project from Initial Exploration to
Advanced Exploration following the completion of an Environmental
Impact Assessment and issuance of an Environmental License.
Host Community Agreements –
Solaris has explicit consent for the Project from the Warints and
Yawi through its formal community agreements. These include an
Impact and Benefits Agreement signed in 2020, later updated in
2022, and most recently in early 2024 to reflect the continued
growth and advancement of the Project and its commitment to its
host communities. All surrounding communities contribute employees
to the Project and many of these have requested Solaris to engage
in consultations regarding partnership in relation to their
lands.
Interprovincial Federation of Shuar
Centers – In March 2024, Solaris signed a trilateral
cooperation agreement with the Interprovincial Federation of Shuar
Centers (“FICSH”) and the Alliance for Entrepreneurship and
Innovation of Ecuador in the presence of a delegation of senior
Ecuadorian government officials. FICSH is the highest authority and
largest Shuar indigenous organization and was established by the
Ministry of Social Welfare of Ecuador in 1964 and represents
143,000 Shuar indigenous people. Mr. David Tankamash, President of
FICSH, commented at the time, “We support the Warints and Yawi
communities and reject the efforts of foreign NGOs who act against
the will and interest of our members.”
Yawi Community – Mr. Froilan
Juank, President of the Yawi Shuar Center, stated: “We are the
legitimate registered owners of the Ancestral Lands on which the
Warintza Project resides and we have the right and have chosen,
through our General Assembly, to participate in the Project through
our Strategic Alliance and Impact and Benefits Agreement.”
Warints Community – Mr. Agustin
Kayak, Trustee of the Warints Shuar Center, stated: “We and the
Yawi community have decided to move forward with the Warintza
Project. We are the owners of the lands where Warintza is located.
We work together, the two communities of Warints and Yawi, for the
well-being and development of our people.”
Ecuador State Mining Company –
Mr. Emmanuel Delaune, Manager of Ecuadorean state-owned mining
company, Empresa Nacional Minera, stated: “Solaris is an example to
follow with its Warintza Model, which contributes to the local
development of the Shuar communities through transparency, citizen
participation, environmental stewardship and social development.
These are the principles by which Solaris has earned the necessary
credentials to operate in this area of Ecuador.”
Shareholders and investors are cautioned in
listening to the falsehoods and misrepresentations that have been
perpetuated by NGOs and other third parties and that the Company
continues to be available to answer further questions to ensure the
correct record is relayed.
On behalf of Solaris Resources
Inc.
“Daniel Earle”President & CEO, Director
“Federico Velásquez”President Latin America
For Further Information
Jacqueline Wagenaar, VP Investor RelationsDirect: 416-366-5678
Ext. 203Email: jwagenaar@solarisresources.com
About Solaris Resources
Inc.
Solaris is advancing a portfolio of copper and
gold assets in the Americas, which includes a world class copper
resource with expansion and discovery potential at its Warintza
Project in Ecuador; a series of grass roots exploration projects
with discovery potential in Peru and Chile; and significant
leverage to increasing copper prices through its 60% interest in
the La Verde joint-venture project with a subsidiary of Teck
Resources in Mexico.
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