Orogen Royalties Inc - OGNRF STOCK NEWS

Orogen Royalties Inc. has announced a new generative exploration alliance with Altius Minerals Corporation, aiming to identify gold and silver targets similar to the recently discovered Silicon deposit in Nevada. The alliance boasts a budget of US$300,000 for field evaluation and project acquisition, funded by Altius. The first disclosed project is the Cuprite epithermal gold project, located 80 kilometers from Silicon, covering a 2,170-hectare area. The two companies will share costs and proceeds evenly from designated projects, focusing on leveraging combined expertise to enhance exploration efforts.

Orogen Royalties Inc. (OGNRF) reported its Q2-2022 financial results, highlighting revenue of $959,825, primarily from the Ermitaño mine royalty. The company achieved 373 attributable gold equivalent ounces sold at an average price of US$1,871 per ounce. Notably, Orogen experienced a net loss of $648,635, contrasting with a net income of $934,809 in the previous year. General and administrative expenses rose to $875,220, attributed to increased share-based compensation. The company holds strong financials with zero debt and $10.55 million in working capital.

Orogen Royalties Inc. (OGNRF) announced the acquisition of the La Verdad epithermal gold-silver project in Durango, Mexico, emphasizing its rich geological potential. The project covers 264 hectares and features gold and silver-rich veins spanning over 2.5 kilometers. Recent trench results showed promising grades, including 3.1 g/t gold and 190 g/t silver. Notably, La Verdad shares geological traits with the Ermitaño project, which contributes cash flow through a royalty. This acquisition aligns with Orogen's strategy for organic royalty generation and growth.

Orogen Royalties Inc. has successfully closed a transaction to acquire 3% net smelter royalties on three mineral licenses in the Lake Victoria Gold Fields, Kenya for US$120,000. In exchange, Orogen transferred its interest in the Sarape Gold project to Advance Lithium Corp. and will retain a 1.5% royalty on Sarape. The acquired royalties cover 19.75 square kilometers near significant gold resources, with potential for future drilling targets. Orogen remains well-financed and focused on royalty creations in North America.

Orogen Royalties Inc. has signed an agreement with Advance Lithium Corp. to acquire a 3% net smelter royalty on three mineral licenses in the Lake Victoria Gold Fields, Kenya, for US$120,000. In return, Orogen transfers its interest in the Sarape Gold project while retaining a 1.5% royalty. The licenses cover approximately 19.75 square kilometers and are strategically located near significant deposits. This move aligns with Orogen's strategy of royalty creation and acquisition, enhancing its portfolio in the precious metals sector.

Orogen Royalties Inc. announced its Q1-2022 financial results, marking a profitable quarter with revenues of $940,068. This includes $738,842 from the Ermitaño royalty and $182,459 from prospect generation. The company recognized a net income of $426,081 or $0.002 per share, a significant improvement from last year’s loss of $759,706. Total attributable gold equivalent ounces sold amounted to 315. Orogen's cash position remains strong, with working capital of $10,986,322.

Orogen Royalties Inc. has signed an option agreement with Riverside Resources Inc. for the Llano de Nogal copper-gold project in Sonora, Mexico. Riverside can earn a 100% interest by making cash payments of US$2.48 million and spending US$5 million on exploration over six years. Orogen will retain a 1% production royalty. Initial exploration plans are budgeted at US$1 million. The project is strategically located near major copper deposits, enhancing its potential for discovery.

Orogen Royalties Inc. has announced the election of Mr. Justin Quigley as chairman of the board. Quigley, who joined the board in August 2021, has played a crucial role in supporting the company's corporate strategy. Orogen is positioned as a cash-flowing royalty company with active royalty assets including the producing Ermitaño deposit and the Silicon gold project. Quigley brings substantial experience in mergers and acquisitions and legal expertise in mineral exploration, aiming to enhance governance and sustainable business practices at Orogen.

Orogen Royalties Inc. announced that AngloGold Ashanti reported a maiden 3.37 million ounce inferred gold resource at the Central-Silicon zone of the Silicon gold project in Nevada. Orogen holds a 1% net smelter return royalty on the project. Key highlights include plans for 300,000 ounces annual production and ongoing drilling at Central-Silicon and Merlin zones. AngloGold aims to establish a low-cost, long-life production base in Nevada, with prefeasibility studies planned for 2022 and 2023.