24.4 C
Supported byspot_img

Challenges mount for Solaris Resources Inc.

Member of Europium Groupspot_img
Supported byspot_img

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.

Supported byElevatePR Digital

Related News

Is copper entering a new era? Surge in prices sparks talk of a commodities supercycle

For much of the last two years, copper prices remained stagnant around $8,500 (€7,890) per ton, largely overlooked by commodities traders. However, the metal...

Impact minerals: Susanne Bunnenberg boosts investment amid positive developments

Susanne Bunnenberg, a German investor, has increased her ownership in Impact Minerals, an Australia-based rare earths explorer. She acquired an additional 450.2 million shares,...

IG Asia enters deal to acquire majority stake in Pribrezhniy copper deposit from Rio Tinto

IG Asia has entered into a conditional agreement to purchase a 75% stake in the Pribrezhniy copper deposit from Rio Tinto International Holdings, with...

Zambia allocates $6 million for mining technology hub to boost mineral production

Zambia is embarking on a $6 million investment initiative aimed at leveraging technology to enhance mineral production while prioritizing sustainability, productivity, and safety in...
Supported by
Supported by
Supported by
error: Content is protected !!