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Challenges mount for Solaris Resources Inc.

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Amidst the unfolding of the world’s largest mining conference in Toronto, a Canadian company, Solaris Resources Inc., is under scrutiny as Indigenous communities in Ecuador file a complaint. The association alleges that the Vancouver-based company failed to provide shareholders with a comprehensive overview of the significant public opposition and legal risks associated with its proposed copper mine in southern Ecuador. This complaint, submitted to the British Columbia Securities Commission, seeks an investigation into Solaris Resources Inc.

Interestingly, while this complaint surfaces, Ecuador’s President, Daniel Noboa, presented his country as the upcoming mining destination during the annual Prospectors & Developers Association of Canada conference on Monday. President Noboa highlighted the prioritization of attracting foreign mining investment for his administration.

The complaint, lodged on February 29 by Amazon Watch, MiningWatch Canada, and the Shuar Arutam People (PSHA), is supported by five additional environmental organizations in Ecuador and South America.

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