Solaris Resources Inc.

Pre-revenue gold/silver explorer with operating losses and a distorted ROE artifact from a thin equity base.

Strengths

• Healthy liquidity: current ratio 3.1 (61st pct), quick ratio 3.07
• Minimal debt (net cash position)

Risks

• Negative ROA -0.73 (16.7th pct) and negative interest coverage; net income down 45%
• No operating revenue; dependent on capital markets to advance projects

Notable findings

• No interest coverageInterest coverage -15.02 (cannot cover interest)
• RestatementAt no time during or after the fiscal year ended December 31, 2025 (as of the date of this annual report), was the Company required to prepare an accounting restatement that required recovery of erron 8-K ↗
• Negative equityNegative book equity (debt/equity -0.01)