Welcome to our dedicated page for Origen Resources news (Ticker: OGGNF), a resource for investors and traders seeking the latest updates and insights on Origen Resources stock.
Origen Resources Inc. reports mineral-exploration developments across a portfolio focused on rare earth elements, lithium, gold-silver, and precious and base metals. Company updates center on Brazilian rare earth exploration in Piauí State, the Los Sapitos Lithium project in Argentina, the Wishbone gold-silver project in British Columbia's Golden Triangle, and southern British Columbia projects including Broken Handle and Bonanza.
Recurring news themes include mineral property agreements, staking and land-position changes, due diligence work, soil and rock sampling, LiDAR surveys, induced-polarization geophysics, technical-services arrangements, board appointments, shareholder voting matters, governance updates, capital-structure disclosure, and operating and financial results.
Origen Resources (CSE: ORGN) has initiated a geophysical program at its 100% owned Wishbone project in BC's Golden Triangle. The program includes an induced polarization survey covering a 700m gold geochemical anomaly.
The program builds on the company's 2024 field campaign which yielded significant discoveries, including the 'Lake' showing with a boulder sample of 164.7 ppm gold. Notable results from 37 samples include 11 samples with >1 ppm gold and a boulder containing 14.6% copper.
Additionally, the company has granted 1,525,000 stock options to advisors, consultants, and directors, exercisable at $0.055 per share for five years.
Origen Resources (CSE: ORGN) has completed the first tranche of its non-brokered private placement, raising $478,875 through the issuance of 9,577,500 units at $0.05 per unit. Each unit consists of one share and a half-warrant, with each whole warrant exercisable at $0.075 per share for 18 months.
The company paid $4,550 in finder's fees and expects to close the second tranche shortly. The proceeds will fund working capital needs, including management fee payments and exploration activities. The securities are subject to a four-month hold period, and certain company insiders participated in the financing.
Origen Resources (CSE: ORGN) has outlined its 2025 exploration plans and announced a new financing initiative. The company plans geophysical programs at Los Sapitos and a Lidar survey at Wishbone, where previous sampling yielded significant results including 164.7 ppm gold and 14.6% Copper from boulder samples.
The company is launching a non-brokered private placement to raise up to $750,000 through the issuance of 15 million units at $0.05 per unit. Each unit includes one share and one warrant exercisable at $0.075 for 18 months. The proceeds will support working capital and exploration activities.
Origen Resources (CSE: ORGN) has announced two significant developments: a strategic board appointment and positive results from its Los Sapitos Lithium Project in Argentina. The company appointed Paul Chung as Director, bringing extensive experience in project management and international negotiations, notably from his roles with Luca Mining Corp and Patriot Battery Metals Inc.
At the 26,962-hectare Los Sapitos Project, recent sampling revealed expanded lithium exploration targets beyond the known salar. Clay samples yielded 7-654 ppm lithium in new target areas, with elevated lithium levels (50-66 ppm) found in southern zones. Additionally, Origen successfully renegotiated the property option terms, reducing the work commitment from $5 million USD to $1.5 million USD, with an extended deadline to December 2027.
Origen Resources has successfully completed its exploration program at the 26,962-hectare Los Sapitos Lithium Project in San Juan Province, Argentina. The company identified new clay and brine targets extending over 3 km from previously known areas, significantly expanding the priority exploration zone.
The mapping and sampling program, focused within a 5 km radius of the Los Sapitos salar, revealed new evaporitic and hot-spring carbonate beds, indicating greater basin complexity. The company collected 56 clay, 4 brine, and 6 carbonate rock samples, which were sent to the University of San Juan for analysis.
For 2025, Origen plans a geophysical program at Los Sapitos and will explore its Wishbone gold project in BC's Golden Triangle. The company announced it will not proceed with the previously announced Integra Capital Business SA transaction after 15 months of unsuccessful negotiations.
Origen Resources (CSE: ORGN) has initiated fieldwork at its wholly-owned Los Sapitos Lithium Project in San Juan Province, Argentina. The project encompasses 26,962 hectares and aims to identify drilling locations beneath the main Los Sapitos Salar, where production-grade lithium was previously discovered in 2021.
A key finding from a 2023 Vertical Electrical Sounding survey revealed a conductive layer extending up to 482 metres below the surface. The first phase of exploration will involve collecting brine, clay, and claystone samples to determine the surface extent of the lithium-rich salar and validate potential future drill sites.
Origen Resources has announced significant results from its Wishbone Project sampling program. A high-grade gold sample of 165 g/t was discovered along the eastern edge of the Central Glacier. The soil sampling program extended the gold anomaly south of the Windy showing by 200 meters. Of 37 samples collected, 11 returned over 1 ppm gold and 26 over 0.1 ppm gold. A notable boulder sample contained 14.6% Copper. The project, covering 3,941 hectares in BC's Golden Triangle, features 11 target areas and is adjacent to the Galore Creek project. A broad gold anomaly now extends over 1.5 kilometers, with samples returning up to 1.18 ppm gold.
Origen Resources has signed a letter agreement with Equity Metals regarding the Arlington Property in British Columbia's Boundary District. Under the agreement, Equity can acquire 100% interest by making cash payments of $130,000, incurring exploration expenditures of $250,000, and issuing shares valued at $400,000 total within the first anniversary of Regulatory Approval. Origen will retain a 2% net smelter royalty, of which Equity may purchase 1% for $1,000,000. The previous option agreement with Nickelex Resource has been terminated.
Origen Resources (CSE: ORGN) provides a correction regarding the control person vote at today's Annual General and Special Meeting. The company hasn't received a signed subscription agreement from Integra Capital Business, pending additional requests related to the Los Sapitos Lithium Project in Argentina. The control person vote will be submitted as an advisory vote. Current proxy votes show 100% approval for all resolutions. Additionally, Lawrence Cheung will replace Natasha Tsai as CFO effective October 25, 2024. Cheung, a Controller at Malaspina Consultants, brings experience from PwC and holds CPA designation.
Origen Resources provides an update regarding the upcoming AGSM vote for change of control approval scheduled for October 25, 2024. The company has not yet received a signed subscription form but expects it in the coming days, with today's vote being considered advisory. Lawrence Cheung will be appointed as the new CFO, replacing Natasha Tsai effective October 25, 2024. Cheung, a Controller at Malaspina Consultants Inc., brings experience from PwC and holds a Bachelor of Commerce from UBC along with CPA designation.