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Origen Resources (OGGNF) Stock News, Aug 2023-Jun 2024

OGGNF OTC

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.

Rhea-AI Summary

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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FAQ

What is the current stock price of Origen Resources (OGGNF)?

Origen Resources (OGGNF) last closed at $0.0500.

What is the market cap of Origen Resources (OGGNF)?

The market cap of Origen Resources (OGGNF) is approximately $3.5M.