The copper and gold miner, which has thus far been based in Vancouver, said its freshly appointed CEO Matthew Rowlinson will work from a new Switzerland office. Its Canadian offices and subsidiaries will be closed by Jan. 1, and Solaris has cleared house of any Canadians left in its workforce, although it will not alter its listing on the Toronto Stock Exchange. (The Logic)
Talking point: The move comes after Solaris scrapped a $130 million investment from China-based Zijin Mining Group in May, saying the Canadian government’s review of the deal was so lengthy that the investment no longer made economic sense. Ottawa has vowed to crack down on foreign investments in critical minerals, saying that they will only be approved as beneficial to Canada in “the most exceptional of circumstances.” Solaris, which has projects in Chile, Ecuador, Mexico and Peru, has called the feds’ policies “counterproductive.” Executive chair Richard Warke cited better alignment with regulators as one benefit of the reorganization.