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Orea Mining Corp - OREAF STOCK NEWS

Welcome to our dedicated news page for Orea Mining (Ticker: OREAF), a resource for investors and traders seeking the latest updates and insights on Orea Mining.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Orea Mining's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Orea Mining's position in the market.

News
Rhea-AI Summary
Orea Mining Corp. (OREAF) provides an update on its default status due to international sanctions against joint venture partner Nord Gold plc, leading to the inability to move the Montagne d'Or gold project forward. The company's proposal to acquire Nordgold's interest was not approved by the Canadian government, resulting in the resignation of all officers and directors. Orea will not file its financial statements for the year ended September 30, 2023.
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Orea Mining Corp. provides an update on the management cease trade order (MCTO) related to the delayed filing of audited annual financial statements and corresponding management's discussion and analysis. The delays are attributed to the failure to close the Montagne d'Or gold project transaction, resulting in a working capital deficit and staff reduction. Orea is working on completing the Annual Filings and will provide updates as new information becomes available. The MCTO will remain in effect until the filings are completed. There have been no significant business developments or undisclosed material information as of the date of this news release.
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Orea Mining Corp. provides an update on the previously disclosed management cease trade order (MCTO) due to delays in filing audited annual financial statements and discussion. The delays are a result of not obtaining Canadian government approval to close the transaction to acquire 100% of the Montagne d'Or gold project, resulting in a working capital deficit and staff reduction. The company is working on completing the Annual Filings and will issue bi-weekly default status reports. There have been no material business developments or other material information relating to its affairs as of the date of this news release.
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Orea Mining Corp. (OREA) reports the termination of the Acquisition of Nord Gold plc's interest in the Montagne d'Or gold mine project due to the Canadian government's failure to provide approval. Orea is considering options to protect its 44.99% interest in the project.
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Orea Mining Corp. (OREA) announces that the Supreme Court of France has sent the ruling concerning the renewal of the Montagne d'Or mineral titles back to the Court of Appeals. Montagne d'Or is a 5 million ounce open pit gold mine development project with good grade, excellent metallurgy, and considerable potential to increase ounces. Orea and Nordgold completed 7 years of baseline environmental studies and the French government commissioned a taskforce which supported the Montagne d'Or mine development.
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Orea Mining Corp

OTC:OREAF

OREAF Rankings

OREAF Stock Data

2.24B
224.15M
2.33%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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Canada
Vancouver