Local News

Lowell Announces Cooperative Training Program in Warints and Yawi Communities

September 29, 2021 - Warints, Morona Santiago, Ecuador - Lowell Mineral Exploration Ecuador S.A. (“Lowell” or the “Company”), a subsidiary of Solaris Resources Inc. (“Solaris”), in coordination with the Jardín Azuayo Savings and Credit Cooperative (“Jardín Azuayo” or the “Cooperative”), initiated the “Cooperativism, Citizenship and Leadership” training program today.  This program aims to develop the skills of members of the Warints and Yawi communities regarding personal and family financial planning to contribute to greater quality of life of members of the Shuar Centers and other communities surrounding the Warintza Project.

Federico Velásquez, Vice President of Operations of Solaris, stated, “This is a new milestone for the Warintza Model that brings to fruition the Company's corporate vision of sustainability by promoting financial education, which acts as a catalyst for gender equality and is essential for sustainable development at both the community and personal level due to its direct relationship with managing budgets and risk, financial performance, savings, and access to banking.”

The training sessions are part of the Cooperation Agreement signed by Lowell and the  Cooperative and will address topics such as cooperatives, citizenship and leadership, popular and financial economy, financial education, and entrepreneurship. The curriculum has been developed under the guidance of members of the Board of the Strategic Alliance of Solaris, Warints and Yawi, and the Association of Women Artisans from within the communities.

"Thanks to the signing of the Cooperation  Agreement, we are able to reach remote areas, such as Warints and Yawi, with our services. We are happy to be in the territory and begin  training to strengthen the cooperative model with a focus on leadership and financial culture, so that our Shuar brothers can generate their own lasting ventures," said Olger Cárdenas, manager of the Limón Indanza Office of the Cooperative.

Since February of this year, Lowell has been working in coordination with Cooperative directors on opening bank accounts to pay salaries to the shift workers from the Shuar Centers who are currently working on the Warintza Project.

Rolando Nankamai of the Warints community expressed his gratitude to Lowell and Jardín Azuayo for the training program, “We want young people to learn to manage our money well, to invest, undertake entrepreneurship, and improve our lives. I am excited to receive this training - there are many interesting and important topics that we are eager to learn about.”

Held on Friday, September 24 in Warints, the inauguration of the training program was attended by Olger Cárdenas, Limón Indanza office manager, Vicente Tsakimp, Strategic Alliance Coordinator, Agustín Kayuk, Warints Chief, and Lowell representatives.

For more información:

María Fernanda Poveda
Telephone: +593 99 655 6655
Email: maria.poveda@lowellmineral.com

About Lowell Mineral Exploration Ecuador S.A.

Lowell Mineral Exploration Ecuador S.A., an indirect subsidiary of Solaris, promotes the development of strategic alliances with key stakeholders in Ecuador to pave the way for best sustainable practices in responsible exploration.

About Solaris Resources Inc.

Solaris is leading a portfolio of copper and gold assets in the Americas, which includes: a high-grade resource with expansion and additional discovery potential at the Warintza copper-gold project in Ecuador; discovery potential at the Tamarugo base project in Chile and the Capricho and Paco Orco projects in Peru; with Freeport-McMoRan in the Ricardo Project in Chile; and significant leverage to increase copper prices through a 60% interest in the La Verde joint venture project with Teck Resources in Mexico. For more information, visit www.solarisresources.com.

Cautionary Notes and Forward-Looking Statements

This document contains certain forward-looking statements. All statements except statements of historical fact are forward-looking statements. The use of the words "may", "expect", "will" and similar expressions are intended to identify forward-looking statements. These statements include statements about our intention, our current beliefs, or expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements as the Company cannot guarantee that such expectations will prove to be correct. 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. In addition, the forward-looking statements contained in this document are made as of the date of this document and the Company does not undertake any obligation to publicly update or revise any of these forward-looking statements.