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 Inc. (CSE: ORGN) has announced ongoing discussions with a strategic investor for a significant investment that could result in a change of control. The proposed investment terms, agreed upon by September 27, 2024, involve $3,000,000 at $0.06 per share in two tranches. Origen included a 'control person vote' resolution in its October 25, 2024 annual general meeting circular, anticipating the subscription agreement's signing. However, the agreement remains unsigned due to delays from the investor.
The company completed mailing shareholder meeting materials on October 4, 2024, and has posted them on SEDAR+. Shareholders are advised to monitor Origen's news releases for updates on this strategic investment before voting. The company emphasizes that there are no assurances the subscription agreement will be signed on the agreed terms or at all.
Origen Resources Inc. (CSE: ORGN) has initiated exploration on its 100% owned Wishbone Property in British Columbia's Golden Triangle. The property, adjacent to Teck and Newmont's Galore Creek project, boasts high-grade gold and silver potential. Key highlights include:
- Gold in soil samples up to 8.5 ppm
- Rock grab samples exceeding 100 ppm gold
- 9 km strike of gold and silver-rich surface samples
The 2024 work program will focus on soil sampling along the 'Windy Target' and prospecting newly exposed areas around the 'Central Glacier'. Previous drilling in 1987 intersected gold in veins, with one interval returning 7.7 metres of 3.2 ppm gold. Recent samples from glacier-edge boulders yielded 203 ppm and 175.5 ppm gold, with the source yet to be identified.
Origen Resources has completed the sale of its LGM Project, located in the Golden Triangle of northern British Columbia, to Kingfisher Metals Corp. This transaction was previously announced on June 6, 2024. Kingfisher has transferred 3,000,000 common shares to Origen and made a cash payment of C$75,000. The LGM Project is adjacent to Kingfisher's HWY 37 project, enhancing a combined land package to 630 km² in a mineral-rich region. The sale marks a strategic milestone for Origen, positioning it as a significant equity partner in a major exploration area, thus enhancing shareholder value.
Origen Resources has entered a definitive agreement to sell a 100% interest in its LGM project to Kingfisher Metals. The sale will combine the LGM project with Kingfisher’s adjacent HWY 37 project, creating a dominant 630 km2 land package in the highly mineralized Golden Triangle region of British Columbia. As part of the agreement, Kingfisher will issue 3 million common shares and pay $75,000 to Origen. The transaction is subject to regulatory approvals and terms outlined in the agreement. Origen positions itself as a significant equity partner in this new venture, potentially benefiting from Kingfisher's exploration activities.
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