16:52:56 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Solaris Resources Inc
Symbol SLS
Shares Issued 150,815,361
Close 2024-03-15 C$ 4.37
Market Cap C$ 659,063,128
Recent Sedar Documents

Post/CP say Solaris, others hear China won't go away

2024-03-18 09:08 ET - In the News

Also In the News (C-LAAC) Lithium Americas (Argentina) Corp
Also In the News (C-OSI) Osino Resources Corp

The Financial Post reports in its Saturday edition that China's ambassador says the country will continue to do business in Canada's domestic critical minerals sector despite Prime Minister Justin Trudeau's "unfortunate" crackdown on foreign investment. A Canadian Press dispatch to the Post quotes Cong Peiwu saying that Ottawa is "wrong" to prevent Chinese investors from buying majority shares of domestic mining companies, like it did in 2022 when it forced three Chinese state-owned firms to divest from a trio of lithium companies. "Politicizing normal commercial co-operation and using national security as a pretext for political interference is wrong. China has expressed firm opposition to this," Mr. Cong told Bloomberg. "We'll continue to do business on the basis of mutual respect and mutual benefit." Chinese investment has continued to flow through Canada's mining sector more than a year after Mr. Trudeau moved to tighten its foreign ownership rules. This year alone, Zijin Mining Group initiated plans to buy 15 per cent of Canadian copper company Solaris Resources, Ganfeng Lithium Group moved to take 15 per cent of Lithium Americas (Argentina) and Yintai Gold agreed to buy explorer Osino Resources for $368-million.

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