Origen Announces Corporate Update

Rhea-AI Summary

Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) has received news that NewPeak Metals will not proceed with the acquisition of Origen's Newfoundland Lithium project, as previously announced. The company is exploring other potential transactions with interested parties.

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• NewPeak Metals has decided not to proceed with the acquisition of Origen's Newfoundland Lithium project, affecting the company's business plans.

Vancouver, British Columbia--(Newsfile Corp. - January 12, 2024) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") Origen has been informed that NewPeak Metals has decided not to proceed with the acquisition of Origen's Newfoundland Lithium project, as originally announced on November 16, 2023. The Company continues to discuss other potential transactions with interested parties.

About Origen
Origen is fully focused on its 100% interest in the Los Sapitos Lithium project in Argentina and its 100% interest in the 33,000 ha Newfoundland Lithium project. Origen also owns a 100% interest in the 26,771 ha LGM and the 3,971 ha Wishbone projects in the mineral-rich Golden Triangle of British Columbia, along with a property portfolio of four 100% owned precious and base metal projects in southern British Columbia.

On behalf of Origen,
Thomas Hawkins
Managing Director

For further information, please contact Gary Schellenberg, Chief Executive Officer, at 604-681-0221.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194108

FAQ

What is the latest news about Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA)?

NewPeak Metals has decided not to proceed with the acquisition of Origen's Newfoundland Lithium project, as originally announced on November 16, 2023.

What is the impact of NewPeak Metals' decision on Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA)?

The decision affects Origen's business plans, prompting the company to explore other potential transactions with interested parties.

Is Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) still pursuing other opportunities despite NewPeak Metals' decision?

Yes, the company continues to discuss other potential transactions with interested parties following the news from NewPeak Metals.

How has the market reacted to NewPeak Metals' decision regarding Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA)?

The market's response to NewPeak Metals' decision is yet to be fully determined, as the company is exploring other potential transactions.

What are the future plans of Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) after NewPeak Metals' decision?

The company is actively seeking other potential transactions with interested parties to move forward following NewPeak Metals' decision not to proceed with the acquisition of Origen's Newfoundland Lithium project.