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Stock impact report

Solaris is moving headquarters to Ecuador after failing to land Chinese deal [Financial Post (Toronto, Ontario, Canada)]

Solaris Resources Inc. Common Shares (SLSR) 
Company Research Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Vancouver-based copper miner Solaris Resources Inc . is relocating its headquarters to Ecuador's capital, months after scrapping a financing deal with a Chinese investor due to a lengthy Canadian review process. Solaris Resources is transitioning its head office to Quito, the Canadian company said Monday in a statement. The firm said it continues to evaluate further steps to complete a greater transition to Ecuador, where it's seeking to advance its flagship copper project. The move comes after Solaris Resources abruptly called off plans to sell a 15 per cent stake to Zijin Mining Group for $130 million in May due to a lengthy regulatory review from Canada's federal government. Canada has sought to curb foreign state-owned investment in its natural resources sector. The deal would have given Zijin a seat on Solaris' board of directors. “The company does not currently anticipate that Show less Read more
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