Solaris Resources Inc. shares intraday up 2.80% following positive MRE update at Warintza Project and district exploration progress. Copper demand concerns from China weigh on sentiment.

Solaris Resources Inc. experienced a 2.80% intraday rise during trading. The stock's upward movement was likely influenced by Solaris' announcement of an In-Pit Mineral Resources Estimate for the Warintza Project in southeastern Ecuador, showing significant resource potential with 232 million tonnes at 0.64% copper equivalent. This news adds optimism to the company's prospects, particularly as ongoing drilling and exploration efforts target open extensions and potential new discoveries. However, the market context with copper prices falling due to concerns over Chinese demand, as indicated by Zijin Mining Group's dividend announcement, may have contributed to a temporary price boost for Solaris despite the broader industry challenges.