Shares of Solaris Resources Inc (SLSR) surged 5.70% during Wednesday's intraday trading session, following the announcement of a significant gold streaming and royalty agreement with Royal Gold Inc.

Royal Gold's subsidiary, RGLD Gold AG, has committed to invest $200 million in Solaris Resources' Warintza copper-gold-molybdenum project located in southeastern Ecuador. The deal covers a 31 square kilometer area, with potential expansion to 186 square kilometers if certain conditions are met. The funding structure includes an initial $100 million payment at closing, followed by two $50 million installments tied to technical milestones and project security registration in Ecuador.

This agreement represents a major vote of confidence in Solaris Resources and its Warintza project. The substantial investment is expected to provide Solaris with significant capital to advance the project's development. Moreover, the deal structure, which includes gold deliveries tied to copper production, allows Solaris to maintain exposure to the project's upside potential while securing immediate funding. Investors appear to be reacting positively to this strategic move, as reflected in the stock's notable price increase.