Orogen Royalties Inc - OGNRF STOCK NEWS

Orogen Royalties Inc. has signed an agreement to sell its Onjo copper-gold project in British Columbia to Pacific Ridge Exploration Ltd. for $50,000 cash, 750,000 common shares, and a 2.0% net smelter return royalty. The project, located near Centerra Gold's Mount Milligan Mine, shows potential due to historical drilling that indicated a 500 by 500 metre zone of copper-gold mineralization. This sale aligns with Orogen's strategy to expand its royalty portfolio.

Orogen Royalties Inc. has appointed Brian Massey as President and CEO of Ball Creek SpinCo, a company to be formed from the spinout of the Ball Creek copper-gold project in British Columbia's Golden Triangle. Massey brings over 15 years of mining industry experience, including key roles at BHP and Rio Tinto. The spinout, designed to enhance shareholder value, will involve distributing SpinCo shares to existing Orogen shareholders. Completion of this transaction is anticipated by mid-2022, subject to regulatory approvals.

Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) provided an annual update on its prospect generation activities in North America. Key highlights include partner-funded exploration totaling $3.2 million with drilling campaigns of 6,350 metres, and income of $1.9 million from various partnerships. The company's disciplined management strategy resulted in cash and share payments, enhancing its royalty interests. Future exploration will include seven partner-funded drilling programs in 2022, increasing opportunities for new discoveries.

Orogen Royalties Inc. announced an agreement with K2 Gold Corporation to option its Si2 gold project in Nevada. K2 can earn a 100% interest by making cash payments of US$2.5 million and spending US$2.5 million on exploration over five years, while Orogen retains a 2.0% net smelter return (NSR) royalty. The Si2 project has shown potential for hosting a low-sulphidation epithermal gold deposit based on initial drilling results indicating gold and mercury anomalies.

Orogen Royalties Inc. announced initial production at the Ermitaño deposit, holding a 2% net smelter return royalty. The first doré gold-silver pour occurred on November 11, 2021, with commercial production anticipated in Q1 2022. A Prefeasibility Study revealed substantial cash flow potential, estimating $12.25 million revenue over seven years from Proven and Probable Reserves, which currently account for only 35% of total resources. The deposit shows further mineralization potential and is debt-free, highlighting the strength of its organic royalty framework.

Orogen Royalties Inc. updated its royalty portfolio including key royalties in Mexico and Nevada. The Ermitaño deposit, owned by First Majestic Silver, is set to begin production soon, with stockpiled ore of 45,271 tonnes grading 4.0 g/t gold and 41 g/t silver. AngloGold Ashanti is advancing the Silicon and Merlin projects, with over 70,000 meters drilled and plans for a mineral resource announcement by year-end. Orogen holds a 2% NSR royalty on Ermitaño and a 1% NSR on Silicon, positioning it well in the precious metals royalty space.

Orogen Royalties Inc. has signed an agreement with Ivy Minerals Inc. to option the Ghost Ranch gold project in northeastern Nevada. Ivy can earn a 51% interest by investing US$1.5 million over four years, including a drilling commitment of 4,000 feet. Orogen retains a 49% interest and a 0.5% net smelter return (NSR) royalty, which could increase to 1.5% NSR if its interest dilutes below 10%. The project is located near significant gold resources, providing potential for exploration.

Orogen Royalties Inc. has approved a spinout of the Ball Creek copper-gold project into a new company, SpinCo, via a Plan of Arrangement. Shareholders will keep their current shares of Orogen and receive shares in SpinCo based on a determined ratio. This aims to enhance shareholder value by allowing independent valuation of the Ball Creek Project, which is fully permitted and underexplored. While Orogen will maintain a minority interest in SpinCo, the transaction is subject to regulatory approvals and may not be completed as proposed.

Orogen Royalties Inc. has entered into two agreements with Meridian Gold Company, a subsidiary of Yamana Gold Inc., for gold projects in Nevada. The Option Agreement allows Meridian to earn a 100% interest in the Raven and Callaghan projects through US$300,000 in cash and US$4.625 million in exploration over five years. Orogen retains royalties of 2.5% and 3% on these projects. The Alliance Agreement includes a partner-funded exploration alliance covering 4,000 square kilometers, with Orogen receiving a 1% royalty on new projects.