Solaris Resources: Overview

Our Approach to Sustainability

In our ongoing commitment to sustainable mining, Solaris introduces the concept of Participatory Mining, reflecting our genuine collaboration with Indigenous communities and stakeholders. It consolidates our dedication to cause no harm, make a positive contribution, adhere to ethical and transparent practices, and continually progress as outlined in our Sustainability Policy. Solaris’s core values—responsibility, safety, sustainability, and commitment—guide our actions. This collaborative effort involves co-learning and relationship-based, responsible exploration and mining practices. We seek to democratize mining through authentic and equitable relationships between communities, government, and Solaris.

Participatory Mining Model and ESG Pillars

These commitments are the cornerstone for substantial growth and are structured around our three ESG pillars:

Responsible Governance: Promote good governance to improve socio-economic well-being and wealth distribution.
Co-Development: Engage with and exchange knowledge between all stakeholders and partners for sustainable growth.
Environmental Stewardship: Innovate in all areas of operations related to mining exploration to reduce our environmental impact.

Participatory Mining

Inclusive development model based on transparency, dialogue, and trust relationship between the government, communities and the Company with the objective of sustainable socio-economic development of community and people together with the project.
Strategic Alliance governed by Board of Directors from host Shuar centres; community development alongside project development, with investments in health, education, training, infrastructure, environment, entrepreneurship, gender equality, labor, cultural and human rights and security.
Sustained relationship based on trust, dialogue and good faith has enabled the communities to voice their consent.

Our Sustainability Policy embeds our commitment to managing ESG risks across all of our operations. This commitment, shared by all employees, is rooted in our core values and implemented through Solaris’ governance structure and management systems.

As a committed member of the Global Compact Ecuador, Solaris integrates sustainability into mining exploration and emphasizes good governance, environmental stewardship, and co-development in alignment with the 2030 United Nations Agenda and Sustainable Development Goals (SDGs).

ESG PRIORITY TOPICS

ESG topic	Material topic	Indicator number	Value chain impact	Explanation
Responsible Governance	Strategic Partnerships	SDG 17	Direct and indirect	Directly impacts collaborative projects and alliances; indirectly benefits broader industry and community development.
	Responsible Governance Systems	GRI 2-1, GRI 2-10, GRI 2-11, GRI 2-12, GRI 2-13, GRI 2-14, GRI 2-15, GRI 2-16, GRI 2-17, GRI 2-18, GRI 2-19, GRI 2-2, GRI 2-20, GRI 2-21, GRI 2-22, GRI 2-3, GRI 2-30, GRI 2-4, GRI 2-5, GRI 2-6, GRI 2-9, LPRM 101	Direct and indirect	Directly influences Solaris’s governance policies; indirectly affects regulatory compliance and stakeholder trust.
	Ethics and Transparency	GRI 2-23, GRI 2-24, GRI 2-26	Direct and indirect	Directly impacts Solaris’s ethical conduct and transparency; indirectly influences industry practices and public perception.
	Anti-Corruption and Anti-Bribery	EM-MM-510a.1, ESTMA, GRI 205-1, GRI 205-2, GRI 205-3, LPRM 402, SDG 16, UNGC 10	Direct and indirect	Directly affects Solaris’s internal governance practices; indirectly impacts industry standards and community trust.
	Impact Management	GRI 2-25	Direct and indirect	Directly involves assessing and managing Solaris’s operational impacts; indirectly affects community and environmental health.
	Compliance	GRI 2-27	Direct and indirect	Directly relates to Solaris’s adherence to legal and regulatory standards; indirectly impacts overall industry compliance.
	Stakeholder Engagement	GRI 2-28, GRI 2-29	Direct and indirect	Directly involves Solaris’s interactions with stakeholders; indirectly influences stakeholder relationships and trust.
Co-Development	Community Engagement	EM-MM-210a.1, EM-MM-210b.1, EM-MM-210a.3	Direct and indirect	Directly impacts the way Solaris interacts with local communities; indirectly affects community development and relations.
	Community Development	GRI 413-1, GRI 413-2, SDG 4, SDG 5, SDG 6, SDG 7, SDG 8	Direct and indirect	Directly influences community projects funded or supported by Solaris; indirectly impacts overall community well-being.
	Labour Relations	UNGC 3, UNGC 4, UNGC 5, UNGC 6	Direct and indirect	Directly affects Solaris’s workforce management; indirectly influences labour practices and standards in surrounding areas.
	Employment	GRI 401-1, GRI 401-2, EM-MM-000.B, GRI 2-7, GRI 2-8	Direct and indirect	Directly affects Solaris’s workforce management; indirectly impacts local economies and labour markets through job creation.
	Health and Safety	GRI 403-1, GRI 403-10, GRI 403-2, GRI 403-3, GRI 403-4, GRI 403-5, GRI 403-6, GRI 403-7, GRI 403-8, GRI 403-9, EM-MM-320a.1	Direct	Directly relates to the safety protocols and health conditions of Solaris’s employees within their operations.
	Human Rights	UNGC 1, UNGC 2	Direct and indirect	Directly involves compliance with human rights standards; indirectly affects societal human rights norms and practices.
	Indigenous Rights	GRI 411-1, EM-MM-210a.2	Direct and indirect	Directly impacts how Solaris engages with Indigenous communities; indirectly affects cultural preservation and societal norms.
	Value Creation	GRI 201-1, GRI 203-1, GRI 203-2	Direct	Directly influences Solaris’s economic performance, including economic generation and cost management within the Company.
	Diversity, Equity, and Inclusion	GRI 405-1, GRI 405-2, GRI 406-1	Direct and indirect	Directly involves Solaris’s internal HR policies; indirectly affects societal norms and opportunities for marginalized groups.
	Suppliers and Procurement	GRI 204-1, LPRM 201, LPRM 202, LPRM 203, LPRM 204 A, LPRM 204 B, LPRM 204 C, LPRM 204 D, LPRM 301, LPRM 302, LPRM 401, LPRM 403, LPRM 501, LPRM 502, LPRM 503, LPRM 504, LPRM 505, LPRM 506, LPRM 601, LPRM 602	Direct and indirect	Directly impacts Solaris’ sourcing and procurement policies; indirectly influences supplier practices and local economies.
	Artisanal Mining	G4 - MM8	Direct	Directly impacts Solaris’s exploration operations and supply chain, involving immediate operational decisions and practices.
Environmental Stewardship	Environmental Management System	EM-MM-160a.1, GRI 305-6, GRI 305-7, GRI 308-1, GRI 308-2, SDG 10, SDG 12, SDG 13, SDG 14, SDG 15, UNGC 7, UNGC 8, UNGC 9	Direct and indirect	Directly involves Solaris’s environmental policies; indirectly impacts environmental standards and practices externally.
	Climate Change	EM-MM-110a.1, EM-MM-110a.2, EM-MM-130a.1, GRI 201-2, GRI 302-1, GRI 305-1, GRI 305-2, GRI 305-3, GRI 305-5	Direct and indirect	Directly impacts Solaris’s operational carbon footprint; indirectly influences broader climate change mitigation efforts.
	Biodiversity	EM-MM-160a.3, GRI 304-1, GRI 304-2, GRI 304-3, GRI 304-4	Direct	Directly affects Solaris’s operations on local ecosystems and species preservation.
	Water	GRI 303-1, GRI 303-2, GRI 303-3, GRI 303-4, GRI 303-5, SASB EM-MM-140a.1, SASB EM-MM-140a.2	Direct	Directly impacts Solaris’s water usage and management within operations.
	Waste	EM-MM-150a.10, EM-MM-150a.7, EM-MM-150a.8, EM-MM-150a.9, GRI 306-1, GRI 306-2, GRI 306-3, GRI 306-4, GRI 306-5	Direct	Directly relates to how Solaris manages waste and recycling processes within operations.