September 8, 2020 – Vancouver, B.C. – Solaris Resources Inc. (TSXV: SLS) ("Solaris" or the "Company") and the Shuar communities of Warints and Yawi are pleased to announce the signing of an Impacts and Benefits Agreement (“IBA”) for the Warintza Project (“Warintza” or “the Project”) in south-eastern Ecuador. The IBA provides certainty of community support for the responsible advancement of the Project from exploration and development through production.
IBA with Warints and Yawi Indigenous partners provides certainty of community support for Warintza from exploration and development through to production
Major milestone in the Company’s innovative Community Social Relations (“CSR”) program, with the IBA representing industry best practice and a new first for Ecuador
Commitments and benefits to communities include: impact mitigation, employment, education, training and other capacity building, infrastructure development, and financial benefits
Mr. Daniel Earle, President & CEO, commented, “The signing of this IBA marks a major milestone in the continued success of our innovative CSR program for the Warintza Project. We continue to set precedents in Ecuador for industry best practice for inclusive and mutually-beneficial resource development in partnership with Indigenous communities. The IBA builds on the foundation of trust established via our Community Consultation and Memorandum of Understanding, providing reciprocal commitments toward the advancement of the project in an environmentally and socially responsible fashion.”
The IBA formalizes commitments toward supporting our partner communities in their social and cultural practices. It also provides for eliminating or mitigating adverse impacts, employment, contracting and business opportunities supported by a robust program of education, skills and training together with community infrastructure development and financial benefits to maximize community participation and positive outcomes for our Indigenous partners.
Mr. Agustín Kayuk, Indigenous Chief of the Warints community and board member of the Strategic Alliance, commented, “Together with the Yawi community, we are pleased to have entered into the IBA which promises to provide our communities with meaningful participation in the project, business opportunities, employment and education, and financial benefits. We look forward to continuing our positive working relationship and playing an integral role in mineral development in our area of influence to foster positive changes in our communities.”
On behalf of the Board of Solaris Resources Inc.
President & CEO, Director