Member Info for Fortissimo

Thanks PBOW/telegram group.

Great interview and really great to see Dan making the point that the growth in sp over last few weeks is still a significant way off from where they feel is 'fair' in thi current market.

His exact words... 'we have a fair way to go...' before the share price closes that gap on valuation. That's hinting (IMHO) that we need to see mid to high 30's before our BoD's are more satisfied that the market is recognising our true value.

Looks like they have ear marked ASX as the main target for dual listing.

Also looks like they are 'already' drilling further near surface holes on TAM. That's pretty bullish and it's looking even better when it comes to early cash flows if they can get a sizable amount processed from just shallow areas.

I'm speculating here... but I think there's a slight chance we could have a sizable pit at TAM.... much bigger than they thought initially and with higher grades. If you compare that to Solaris open pit Warintza, then it's plausible (will need loads more drilling) that TAM could end up being valued at similar levels to Solaris right now. So that's £650m for TAM lol! and ermmmm.... how much for Cascabel!

Dan can't seem to hide his smile anymore... he's seriously pumped by TAM results... you can see it but he's handcuffed by the market regs and must always side on caution etc etc etc.

Looking really strong here and as a consequence, things change and move around in terms of plans. I do wonder whether the ExploreCo spin out might change from the earlier plans with a view to retaining more shareholder value and less % JV or equity for cash portion. They seem to have alot of interest recently... much more than in previous years. A sign perhaps that the major miners are now scrambling around to find resources and Ecuador now looks a very promising region under Noboa.

Looking like... right place, right time... right assets. Yum yum.

RodneyT, I think we are starting to see a few more fund managers adding or entering SOLG into their funds. Not seen any evidence yet that likes of Blackrock or JPM et all are buying yet.

Global X still actively buying up stock and added 800k in last two sessions.

Yep, still 50% + to add ontop here to 25p range before it looks remotely comparable to peers. Thereafter, it's all about moving up that lassonde curve as we commence early development works with pilot hole drill this November.

And just think... we haven't had the ExploreCo plan/deal aired yet. That's got to be worth at least 5p a share to start with with potential to become another 40p+ holding upon future discoveries. That's why it's important to get that ExploreCo moving and some target licence blocks drilled asap. One or two decent holes and that ExploreCo will be valued in the multi millions especially if it's on that mining nutty ASX oz index. They'll buy anything up over there... that has decent grades.

Dreams of £1.50+ might not be achieved in 'one' takeover bid but achieved through sale of Cascabel (swiss entity) first and then further down line sale of ExploreCo upon a few great drill hole discoveries. But it's doable alright.

Market can't really price Solaris Resources at £650m and then justify SOLG at £490m. It's possibe that the makrets may have overcooked Solaris sp but I don't think that's the case at all when you look at all the otehr examples of miners on Dan's recent presentation. NGEX being the most obvious one as a higher bar at £2.4bln yet years away from DFS. Personally, as I've stated before (while we were at 7p) I'd like to see the market correct the poor valuation gap on SOLG and at the very least, move us above Solaris which would be more than fair. That would be around 22p levels. That's based on just where we are now. Throw in TAM results, CIPA and ExploreCo plans etc etc and I think easy to see market price the stock back into the 30's.

With metal prices where they are and after that Anglo Tek deal, those that hold Tier1 mines (100%) owned really are going to be sought after.

In that scenario, we'd be better placed in the 40's against that mining sector frenzy. In bid situation, it's 70's and above which lets face it... it's still half price and cheap as chips.

"✔️ Major shareholder on site recently, Very pleasantly surprised with the relationship with the local communities. "

I think he actually said Large shareholder/Major mining company on site surprised by great relationship with locals etc.

So it was either... Jiangxi... BHP or NMM.

Assuming it was the chinese... why would they be doing an on site visit?? Perhaps to give us some more technical insight???

mmmm!

Map shows 2 x portals? Some distance apart so wondering if one was the formaer which they have retained while they go with portal 1 first?

Dan said the Alpala portal development expected to start in November. I suspect they'll they'll need permit and investment protection signed off before that commences so suggests gov approvals coming in next 6 to 8 weeks. Smashing!

Mmm... might be a scramble for shares tomorrow!

Looks like we might be getting a decent chunk of the remaining assays. Anything like hole 58 again and we are into the 20's is my guess.

So pleasing to see someone present on SOLG that does not send the audience to sleep. Both Mather and Scott were terrible at presentations.

Dan did well. He's a likeable guy which helps!

Advancing De-Risking Initiatives and Project Development

While this agreement marks a pivotal advancement in the project’s social framework, Solaris continues to advance a range of critical de-risking initiatives essential to Warintza’s development timeline.

Following the submission of the Technical Environmental Impact Assessment (“EIA”) in August 2024, Solaris has engaged in positive and constructive dialogue with Ecuador’s Ministry of Environment and Energy (formerly the Ministry of Energy and Mines and the Ministry of Environment, Water and Ecological Transition). The Company has formally addressed all inquiries and confirms that the final Technical EIA report has been submitted and is currently under government review.

In July 2025, Solaris hosted a site visit by the Sub-Secretary of Mines and officials from the Ministry of Energy and Mines, who met with Indigenous and local stakeholders to assess the project’s readiness for the Free, Prior and Informed Consultation (“FPIC”) process, a formal requirement under Ecuadorian Constitution and law for major resource developments. The visit was well received and marked meaningful progress, with the FPIC process anticipated to formally commence in the coming months. This advancement reflects the strength of the project’s social license and the authenticity of the Company’s approach to community engagement.

Progress on the Warintza Pre-Feasibility Study (“PFS”) continues to advance with positive momentum. Leading consultants Ausenco, Knight Piésold, and AMC are driving this effort, which will incorporate an updated Mineral Resource Estimate (“MRE”) that, for the first time, will include the resources from Warintza West. The PFS is expected to be completed in the second half of 2025.

Focused on Long-Term Value Creation

Solaris maintains a clear focus on working towards a Final Investment Decision (“FID”). This goal is underpinned by Warintza’s near-term development profile, strengthened community partnerships, and a reinforced financial position following the recent Royal Gold transaction, which secures long-term liquidity.

Beyond the defined MRE, Solaris continues to pursue high-impact exploration opportunities within the broader Warintza district, a highly prospective and underexplored area. The Company will provide further updates on these activities as results become available.

“We are advancing every facet of project de-risking with discipline and determination,” added Matthew Rowlinson. “Warintza is a uniquely positioned asset, long-life, near-term, and aligned with the world’s future resource needs. We remain committed to delivering exceptional value for all stakeholders through responsible development.” END

Some relevance here for SOLG as Ecuador based.

Solaris Resources (TSX:SLS) Sept 11th 2025

Solaris Resources Inc. (“Solaris” or the “Company”) (TSX: SLS; NYSE: SLSR) is pleased to announce the signing of a landmark agreement with the Pueblo Shuar Arutam organization (“PSHA”), marking a major milestone in the Company’s social engagement efforts and reinforcing the strong momentum behind its flagship Warintza Project in southeastern Ecuador.

Matthew Rowlinson, CEO and President of Solaris Resources said: “With this signing, we have now established formal relationships with all Indigenous organisations surrounding Warintza, in addition to our ongoing collaboration with local authorities. These agreements generate strong momentum for the continued advancement of the project and reinforce our long-term commitment to inclusive, community-led development.”

Marcelo Unkuch, President of PSHA said: “This agreement reflects the strong collaboration between PSHA and Solaris, as well as our shared commitment to strengthening the communities and families of Morona Santiago. The agreement seeks to generate concrete and sustainable benefits, and we remain committed to ensuring that future generations enjoy the lasting advantages of responsible mining. We are confident that the next stages of this alliance will continue to demonstrate the broad and sustainable benefits that large-scale mining can deliver.”

This formal agreement with the PSHA organisation, made up of nearly ten thousand people organized into 47 Shuar centers, follows the signing of a Letter of Intent (“LOI”) on February 5, 2025, which was itself the result of a resolution passed at the Yawi Shuar Center on January 18, 2025, to form a joint working group with Solaris. It builds upon the foundation of support Solaris has cultivated over several years, including long-standing partnerships with the host Shuar Centres of Warints and Yawi, with whom the Company shares an Impacts and Benefits Agreement (“IBA”), first signed in September 2020 and updated in March 2022 and again in April 2024.

This agreement also complements a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (“FICSH”), the highest authority and largest Shuar Indigenous organization in Ecuador, and a partnership with the Alliance for Entrepreneurship and Innovation of Ecuador (“AEI”). Collectively, these agreements form a robust social foundation that enables long-term, inclusive development and broad-based community participation in the Warintza Project.

continued:-

Winnifrith or winnifroth hasn't got a clue and like many just plays a guessing game. He's more wrong than he is right. As for placings... there are those that seem to arrive just before a stock goes into orbit. Those are the ones that look scandulous. Plenty examples out there. I remember one on an oil company moons ago... a placing was done for £30m or so (insiders filled their boots in that as well) at 10p a share and 2 days later the company announced a monster multi billion oil discovery. The sp was 120p+ a few weeks later.

Then more recently, look at EEE.l. Just study that trading pattern before the placing RNS and then watch what follows lol! Like they didn't know something already. Very naughty. But the FCA are toothless and always have been. You can fiddle libor (potentially in cahoots with the BoE) and get off free.

Dirty dirty world. Judging by some recent news events, some folk clearly getting fed up with the illuminati.

We didn't quit TSX due to poor volume. We quit TSX has it helped management skirt the quarterly reviews which included cash in the bank updates. We now only get those twice a year. And then there's the obvious benefit to the chinese in that TSX makes it hard for chinese firms to acquire assets.

Likely poor volume is main reason for Newmont leaving as you say. As can't imagine they'd open the door to chinese aquisitions... but you never know!

The buy and sell data is hard to confirm these days and even the more sophisticated sites have grey areas, eg trades unknown etc as spread shifts fast. LSE site is not a financial website and detail should not be relied upon that's for sure. If you want a place where man babies throw nappies at each other, then LSE is it... but that's good for the advertising click numbers so all good for the LSE website owners.

Lets face it, this site is not a place to rely on data feeds.

Solaris seeing bit of activity and up 4%. Prob off back of Anglo news or poss they are at Beaver creek too.

SOLG still £150m behind them on market cap which is absurd considering SOLG's main asset is 3 or 4 times better.

M&A of this size certainly likely to trigger future shifts and transactions across mining industry.

Probably explains why Glencore up over 4% too. I think they are looking vulnerable unless they can merge or buy up some assets to thwart low balls.

AngloTECK will be the daddies of copper and investment banks/fund managers likely to invest directly into them rather than in likes of BHP for copper their copper exposure. BHP are going to need more than Filo... much more.

RICH3R, the big shakes will come but not for a while yet is my guess. When we get back into mid 25's or early 30's, that's when you can get 5p or 6p drops (shakes) which hurt a few traders and investors. If you look at EEE.l, you'll see some proper shakes there all the way from 5p through to the recent high at 82p+. But much depends on stock availability and EEE have relatively low shares in issue (600m+) compared to many other miners and alot of that stock is in insiders hands.. so not much float. MM's have to work hard to acquire stock. Smart investors see 'shakes' like a shark smells blood as it's usually a sign that the mm's have lost control and are trying to regain it. Of course that applies in a bull/positive market phase.

I wouldn't call 1.8% drop a 'big shake'.

MM's just filling orders. Global X have swung from sellers to buyers recently. Dan's 'reset' appears to be working as they are now actively buying in open market. They've bought over 1.5m shares in last couple of weeks.

Cascabel is ceertainly a good starting point. But that's 1 Tier mine.

Just imagine if you found a minnow with 1 undervalued Tier 1 mine and a bucket load of other licence blocks in a country where gaining licence blocks is pretty hard indeed. Just imagine that?

SOLG is not just Cascabel. SOLG is a super majors dream and an entry into a new mining country that has aspirations to grow fast.

Buy up SOLG and a super major will become the leading player in Ecuador with an opportunity to discover several Tier1 mines.... unless of course Dan gets the exploreCo sorted and then they'll have to buy into that.

This will also have quite a few at Beaver Creek looking around and thinking... we need to 'up our game'.

The mining sector getting a proper shake up before major copper metals boom.

Interesting news this morning on Anglo teck merger. Clearly a defensive move and a middle finger to BHP who tried to take ANglo out last year in a fumbled unfriendly approach.

The merger will create a copper mammoth and that's not going to fair well with BHP shareholders who are concerned that BHP are losing their way, profits down, dividends down and no real sign of BHP making big inroads into copper market. Filo looks years away.

So Anglo off the table. Just what will BHP do now? Mmm.