None
SEDAR Interim Financial Statements
SLS · Price
[
{
"companyName": "Solaris Resources Inc.",
"reportingPeriodEnd": "2025-06-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cashAndCashEquivalents": {
"2025-06-30": 47047,
"2024-12-31": 31738
},
"prepaidsAndOther": {
"2025-06-30": 784,
"2024-12-31": 842
},
"restrictedCash": {
"2025-06-30": 571,
"2024-12-31": 571
},
"explorationAndEvaluationAssets": {
"2025-06-30": 19991,
"2024-12-31": 20179
},
"propertyPlantAndEquipment": {
"2025-06-30": 4976,
"2024-12-31": 3866
},
"totalAssets": {
"2025-06-30": 73369,
"2024-12-31": 57196
},
"accountsPayableAndAccruedLiabilities": {
"2025-06-30": 6833,
"2024-12-31": 12839
},
"leaseLiabilityCurrent": {
"2025-06-30": 111,
"2024-12-31": 216
},
"totalCurrentLiabilities": {
"2025-06-30": 6944,
"2024-12-31": 13055
},
"leaseLiabilityLongTerm": {
"2025-06-30": 382,
"2024-12-31": 217
},
"reclamationProvision": {
"2025-06-30": 4046,
"2024-12-31": 3765
},
"loansAndBorrowings": {
"2025-06-30": 0,
"2024-12-31": 49206
},
"deferredRevenue": {
"2025-06-30": 90462,
"2024-12-31": 0
},
"otherLongTermLiability": {
"2025-06-30": 248,
"2024-12-31": 240
},
"totalLiabilities": {
"2025-06-30": 102082,
"2024-12-31": 66483
},
"commonShares": {
"2025-06-30": 246578,
"2024-12-31": 244718
},
"reserves": {
"2025-06-30": 19320,
"2024-12-31": 20664
},
"deficit": {
"2025-06-30": -302489,
"2024-12-31": -282583
},
"deficitAttributableToShareholders": {
"2025-06-30": -36591,
"2024-12-31": -17201
},
"nonControllingInterests": {
"2025-06-30": 7878,
"2024-12-31": 7914
},
"totalShareholdersDeficit": {
"2025-06-30": -28713,
"2024-12-31": -9287
},
"totalCurrentAssets": {
"2025-06-30": 47831,
"2024-12-31": 32580
},
"cashPerShare": 0.2869,
"workingCapitalPerShare": 0.2493
},
"incomeStatement": {
"gainOnSaleOfRoyaltyInterest": {
"threeMonthsEndedJune302025": -9812,
"threeMonthsEndedJune302024": 0,
"sixMonthsEndedJune302025": -9812,
"sixMonthsEndedJune302024": 0
},
"explorationExpenses": {
"threeMonthsEndedJune302025": 8850,
"threeMonthsEndedJune302024": 14384,
"sixMonthsEndedJune302025": 21167,
"sixMonthsEndedJune302024": 24577
},
"generalAndAdministrativeExpenses": {
"threeMonthsEndedJune302025": 5528,
"threeMonthsEndedJune302024": 2482,
"sixMonthsEndedJune302025": 8459,
"sixMonthsEndedJune302024": 4628
},
"lossFromOperations": {
"threeMonthsEndedJune302025": 4566,
"threeMonthsEndedJune302024": 16866,
"sixMonthsEndedJune302025": 19814,
"sixMonthsEndedJune302024": 29205
},
"financeCost": {
"threeMonthsEndedJune302025": 1353,
"threeMonthsEndedJune302024": 1163,
"sixMonthsEndedJune302025": 2901,
"sixMonthsEndedJune302024": 2190
},
"interestAndOtherIncome": {
"threeMonthsEndedJune302025": -121,
"threeMonthsEndedJune302024": -305,
"sixMonthsEndedJune302025": -334,
"sixMonthsEndedJune302024": -887
},
"loanForeignCurrencyRevaluation": {
"threeMonthsEndedJune302025": -1944,
"threeMonthsEndedJune302024": -81,
"sixMonthsEndedJune302025": -2439,
"sixMonthsEndedJune302024": -113
},
"netLoss": {
"threeMonthsEndedJune302025": 3854,
"threeMonthsEndedJune302024": 17643,
"sixMonthsEndedJune302025": 19942,
"sixMonthsEndedJune302024": 30395
},
"foreignCurrencyTranslation": {
"threeMonthsEndedJune302025": 2535,
"threeMonthsEndedJune302024": -165,
"sixMonthsEndedJune302025": 2270,
"sixMonthsEndedJune302024": -18
},
"totalComprehensiveLoss": {
"threeMonthsEndedJune302025": 6389,
"threeMonthsEndedJune302024": 17478,
"sixMonthsEndedJune302025": 22212,
"sixMonthsEndedJune302024": 30377
},
"netLossAttributableToShareholders": {
"threeMonthsEndedJune302025": 3838,
"threeMonthsEndedJune302024": 17633,
"sixMonthsEndedJune302025": 19906,
"sixMonthsEndedJune302024": 30364
},
"netLossAttributableToNonControllingInterest": {
"threeMonthsEndedJune302025": 16,
"threeMonthsEndedJune302024": 10,
"sixMonthsEndedJune302025": 36,
"sixMonthsEndedJune302024": 31
},
"totalComprehensiveLossAttributableToShareholders": {
"threeMonthsEndedJune302025": 6373,
"threeMonthsEndedJune302024": 17468,
"sixMonthsEndedJune302025": 22176,
"sixMonthsEndedJune302024": 30346
},
"totalComprehensiveLossAttributableToNonControllingInterest": {
"threeMonthsEndedJune302025": 16,
"threeMonthsEndedJune302024": 10,
"sixMonthsEndedJune302025": 36,
"sixMonthsEndedJune302024": 31
},
"netLossPerShareBasicAndDiluted": {
"threeMonthsEndedJune302025": 0.02,
"threeMonthsEndedJune302024": 0.12,
"sixMonthsEndedJune302025": 0.12,
"sixMonthsEndedJune302024": 0.20
},
"weightedAverageSharesOutstandingBasicAndDiluted": {
"threeMonthsEndedJune302025": 164565431,
"threeMonthsEndedJune302024": 153273205,
"sixMonthsEndedJune302025": 163993754,
"sixMonthsEndedJune302024": 153272289
}
},
"cashFlowStatement": {
"cashProvidedByUsedInOperations": {
"threeMonthsEndedJune302025": 84713,
"threeMonthsEndedJune302024": -12150,
"sixMonthsEndedJune302025": 67455,
"sixMonthsEndedJune302024": -22378
},
"cashProvidedByUsedInFinancing": {
"threeMonthsEndedJune302025": -51915,
"threeMonthsEndedJune302024": 37536,
"sixMonthsEndedJune302025": -51672,
"sixMonthsEndedJune302024": 37489
},
"cashProvidedByUsedInInvesting": {
"threeMonthsEndedJune302025": -506,
"threeMonthsEndedJune302024": 170,
"sixMonthsEndedJune302025": -1016,
"sixMonthsEndedJune302024": 46
},
"effectOfExchangeRateChangesOnCashAndCashEquivalents": {
"threeMonthsEndedJune302025": 513,
"threeMonthsEndedJune302024": 147,
"sixMonthsEndedJune302025": 542,
"sixMonthsEndedJune302024": 114
},
"increaseDecreaseInCashAndCashEquivalents": {
"threeMonthsEndedJune302025": 32805,
"threeMonthsEndedJune302024": 25363,
"sixMonthsEndedJune302025": 15309,
"sixMonthsEndedJune302024": 15271
},
"cashAndCashEquivalentsBeginningOfPeriod": {
"threeMonthsEndedJune302025": 14242,
"threeMonthsEndedJune302024": 28773,
"sixMonthsEndedJune302025": 31738,
"sixMonthsEndedJune302024": 38865
},
"cashAndCashEquivalentsEndOfPeriod": {
"threeMonthsEndedJune302025": 47047,
"threeMonthsEndedJune302024": 54136,
"sixMonthsEndedJune302025": 47047,
"sixMonthsEndedJune302024": 54136
}
},
"investmentsAndOtherAssets": [
{
"type": "Joint Venture",
"description": "La Verde property (Mexico) - 60% owned by Solaris, 40% by Teck Resources Ltd. Subject to a 0.5% net smelter royalty held by Minera CIMA, S.A. de C.V.",
"ownershipPercentage": 60,
"value": 19741,
"notes": "Exploration and evaluation asset."
},
{
"type": "Mineral Property",
"description": "Warintza property (Ecuador) - 100% owned, subject to a 2% NSR to South32 and a 0.3% NSR to Royal Gold.",
"ownershipPercentage": 100,
"value": 0,
"notes": "Carrying value reduced by royalty sale; gain recognized."
},
{
"type": "Mineral Property Option",
"description": "ENAMI concessions (Ecuador) - option to acquire up to 100% interest in 10 exploration concessions.",
"ownershipPercentage": null,
"value": 250,
"notes": "Option payment made; exploration expenditures required to exercise."
},
{
"type": "Mineral Property",
"description": "Tamarugo property (Chile) - 100% owned.",
"ownershipPercentage": 100,
"value": null,
"notes": "Grass-roots copper porphyry target."
},
{
"type": "Mineral Property Earn-in",
"description": "Capricho and Paco Orco projects (Peru) - earn-in agreements.",
"ownershipPercentage": null,
"value": null,
"notes": "Copper-molybdenum-gold and lead-zinc-silver properties."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 165759638,
"classesOfShares": ["common shares"],
"warrants": [],
"options": [
{
"number": 2025000,
"exercisePrice": 4.9,
"expiryDate": "2025-10-31"
},
{
"number": 300000,
"exercisePrice": 7.24,
"expiryDate": "2026-03-01"
},
{
"number": 200000,
"exercisePrice": 7.36,
"expiryDate": "2027-08-09"
},
{
"number": 2650000,
"exercisePrice": 5.94,
"expiryDate": "2028-02-24"
},
{
"number": 900000,
"exercisePrice": 3.79,
"expiryDate": "2029-02-23"
},
{
"number": 2315000,
"exercisePrice": 3.3,
"expiryDate": "2029-09-18"
},
{
"number": 255000,
"exercisePrice": 3.32,
"expiryDate": "2029-10-04"
},
{
"number": 1300000,
"exercisePrice": 3.44,
"expiryDate": "2029-11-19"
},
{
"number": 175000,
"exercisePrice": 4.56,
"expiryDate": "2029-12-13"
},
{
"number": 300000,
"exercisePrice": 4.56,
"expiryDate": "2029-12-20"
},
{
"number": 485000,
"exercisePrice": 5.0,
"expiryDate": "2029-12-27"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "USD",
"periods": {
"threeMonthsEndedJune302025": {
"shareBasedCompensation": 458,
"salariesAndBenefits": 329,
"professionalFees": 0,
"total": 787
},
"threeMonthsEndedJune302024": {
"shareBasedCompensation": 522,
"salariesAndBenefits": 273,
"professionalFees": 91,
"total": 886
},
"sixMonthsEndedJune302025": {
"shareBasedCompensation": 941,
"salariesAndBenefits": 642,
"professionalFees": 0,
"total": 1583
},
"sixMonthsEndedJune302024": {
"shareBasedCompensation": 1177,
"salariesAndBenefits": 496,
"professionalFees": 132,
"total": 1805
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Augusta Capital Corporation",
"description": "Consulting services; owner is Chairman and major shareholder.",
"amount": 0,
"period": "sixMonthsEndedJune302025"
},
{
"counterparty": "Management company (shared services arrangement)",
"description": "Shared office space, equipment, personnel, consultants and administrative services; terminated Jan 1, 2025 with settlement cost.",
"amount": 104,
"period": "sixMonthsEndedJune302025"
}
]
},
"subsequentEvents": []
}
]
More from Solaris Resources Inc.
Apr 09, 2026 · 14:00