Solaris abandons proposed financing with Chinese firm after deal stalled in national security review

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Open this photo in gallery: Solaris had planned to use the funds to advance its early stage Warintza copper project in Ecuador. Copper, alongside nickel, lithium and graphite, is used in electric vehicle batteries and other lower carbon energy sources.PATRICK T. FALLON/Getty Images Canadian critical minerals company Solaris Resources Inc. has called off its financing deal with China’s Zijin Mining Group after failing to receive regulatory approval from Ottawa, which had been vetting the deal on national security. Vancouver-based Solaris in January said that Zijin was paying $130-million for a 15-per-cent stake in the company. Solaris had planned to use...