Orogen Royalties Announces Private Placement Update

Rhea-AI Summary

Orogen Royalties (OTCQB:OGNNF) said it will not proceed with the previously announced private placement and that it remains well funded to pursue project generation and royalty acquisition.

Key items: cancellation of the private placement; up to 16 partner-funded drill programs in 2026 totaling more than 50,000 metres; active pursuit of short-term complementary acquisitions; holds a 2.0% NSR on the Ermitaño gold-silver mine.

Positive

• Avoided potential dilution from private placement cancellation
• Up to 16 partner-funded drill programs in 2026
• More than 50,000 metres of partner-funded drilling planned
• Holds a 2.0% NSR royalty on Ermitaño mine

Negative

• Planned private placement has been cancelled
• No new equity proceeds from the cancelled private placement

VANCOUVER, BC / ACCESS Newswire / March 18, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") announces that, further to its news release dated March 12, 2026, the Company will not be proceeding with the private placement.

"Orogen is well funded to pursue its objective of project generation and royalty acquisition," commented CEO Paddy Nicol. "We continue to actively evaluate the Company's capital resources in the context of current and future capital requirements and prevailing capital market conditions. The cancellation of this private placement does not alter the Company's exploration and investment strategy. Over the course of 2026, our exploration outlook includes up to 16 partner funded drill programs, representing more than 50,000 metres of drilling. These programs are expected to advance our projects and royalties and increase the probability of exploration discovery. In addition, we are also pursuing several short-term acquisition opportunities that are complementary to the Company's existing portfolio."

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions of precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.

On Behalf of the Board

OROGEN ROYALTIES INC.

Paddy Nicol
President & CEO

To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.

Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
info@orogenroyalties.com

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

Although the Company believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: Orogen Royalties Inc

View the original press release on ACCESS Newswire

FAQ

Why did Orogen Royalties (OGNNF) cancel its private placement on March 18, 2026?

The company cancelled the private placement because it says it is sufficiently funded for current objectives. According to the company, management will continue evaluating capital resources and market conditions before pursuing further financings.

How will the cancelled private placement affect OGNNF shareholders in 2026?

Direct dilution from the planned private placement will not occur as a result of the cancellation. According to the company, existing capital is sufficient to pursue project generation and royalty acquisitions this year.

What exploration activity does Orogen (OGNNF) expect in 2026 after cancelling the financing?

Orogen expects up to 16 partner-funded drill programs in 2026, representing over 50,000 metres of drilling. According to the company, these programs are intended to advance projects and increase discovery probability.

Does Orogen Royalties (OGNNF) still pursue acquisitions after cancelling the private placement?

Yes, the company is pursuing several short-term acquisition opportunities complementary to its portfolio. According to the company, cancellation of the placement does not alter its exploration and investment strategy.

What material royalties does Orogen (OGNNF) hold that support its business profile?

Orogen holds a 2.0% NSR royalty on the Ermitaño gold and silver mine in Sonora, Mexico. According to the company, the royalty is part of a broader portfolio being advanced by joint venture partners.