Orecap Invest Corp Stock Price, News & Analysis

Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) has entered into an agreement to acquire a 19.9% stake in Kintavar Exploration through a strategic transaction involving the Roger Gold Project. The deal involves Orecap reallocating a portion of its XXIX Metal Corp shares to acquire 50% of the Roger Project from SOQUEM, which will then be sold to Kintavar.

The Roger Project, located in Quebec's Chibougamau mining district, contains 333,000 ounces of gold-equivalent in Indicated Resources and 202,000 ounces in Inferred Resources. Kintavar, which will be well-capitalized with over $3.6 million in cash post-transaction, owns 17 projects throughout Quebec, including partnerships with IAMGOLD.

The transaction is expected to close in June 2025, subject to regulatory approvals and other conditions. Upon completion, both Orecap and XXIX will each own approximately 19.97% of Kintavar's outstanding shares.

Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) announced that two of its portfolio companies, American Eagle Gold Corp (TSXV: AE) and Awale Resources (TSXV: ARIC), have been named to the 2025 TSX Venture Top 50 list. This prestigious ranking recognizes the top-performing companies on the TSX Venture Exchange based on three equally weighted criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

Orecap's current equity portfolio includes significant holdings in five companies:

• American Eagle Gold: 11,783,748 shares (6.9%)
• Awale Resources: 7,389,833 shares plus 4,166,666 warrants (8.5%)
• Metal Energy: 5,125,000 shares plus 2,562,500 warrants (3.6%)
• Mistango River Resources: 24,708,975 shares (13.9%)
• XXIX Metal Corp: 39,096,852 shares (15.1%)

Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) has announced plans to evaluate and reprocess historic tailings from the Kerr-Addison mine in Virginiatown, Ontario. The company owns approximately 36 million tonnes of tailings from the historic mine, which previously produced 11 million ounces of gold at 9 g/t.

The initiative is supported by Ontario's new mining regulations, effective July 1, 2025, which simplify permitting for mine waste reprocessing projects. While definitive grades are not yet established, historical inefficiencies in metallurgical recoveries from the 1930s-1990s suggest potential residual gold content. Neighboring operation Gold Candle's studies show gold recoveries ranging from 70.2% to 92.5% on similar mineralization.

Orecap plans to pursue a joint venture/profit-sharing model, partnering with industry experts in tailings reprocessing and metallurgy to minimize exposure while leveraging third-party expertise.

Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) has completed the sale of its Cuprum Corp shares to XXIX Metal Corp in an all-share transaction. Through this deal, Orecap exchanged its 29,500,000 Cuprum shares (37.5% ownership) for XXIX shares at a ratio of 1.1538 XXIX shares per Cuprum share, based on XXIX's share price of $0.13.

Following the transaction, Orecap's ownership in XXIX Metal Corp increased from 2.9% (5,059,752 shares) to 15.1% (34,037,100 shares). The acquisition establishes XXIX as one of Canada's largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario.

Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) has entered into a binding term sheet to invest in Metal Energy Corp (TSXV: MERG). The investment involves Orecap leading a non-brokered private placement offering of up to $500,000, with Orecap intending to subscribe for up to $220,000 in Units.

The offering includes Units at $0.04 each and Flow-Through Units at $0.05 each. Each Unit comprises one common share and half a warrant, with each full warrant exercisable at $0.08 per share for 24 months. The transaction is expected to close around December 17, 2024, subject to TSX Venture Exchange approval.

Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) announces significant gold discoveries by its portfolio company Awalé Resources at the Odienné Project. The highlight includes an exceptional intercept of 14.7 g/t gold over 59 metres from drill hole OEDD-100. The results confirm a high-grade gold zone with strong continuity, identifying a 200-metre long corridor. The company has established the breccia's true width at over 30 metres, with high-grade gold concentrated in fold hinges. Orecap owns 7.38M shares (8.5%) of Awalé and 4.16M share purchase warrants.

Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) announces that its portfolio company American Eagle Gold has secured a $29.16M strategic investment from South32. The investment involves issuing 33,321,577 common shares at $0.875 per share, representing a 15% premium. Upon closing, South32 will hold a 19.9% stake in American Eagle, which will have approximately $37M in cash. The deal includes an Investor Rights Agreement granting South32 participation rights and board representation. Orecap owns 11.7 million shares of American Eagle, which also has Teck Resources as another strategic investor.

Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) announces that QC Copper and Gold has offered to acquire all outstanding shares of Cuprum Corp. Orecap currently owns 37.9% of Cuprum and 2.9% of QC Copper. Post-acquisition, Orecap's ownership in QC Copper would increase to 15.2%. This transaction positions QC Copper as one of Canada's largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario.

The acquisition includes Cuprum's Thierry Copper Project, a 7,907-hectare past producer with significant growth potential. QC Copper plans to rebrand as XXIX Metal Corp, reflecting copper's atomic number 29. The all-share deal involves QC Copper issuing 1.1538 shares for every Cuprum share, with Orecap receiving approximately 34 million shares. The transaction is subject to TSXV and shareholder approvals, with closing expected by the end of December 2024.

Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) provided updates on its portfolio companies, highlighting significant drill results and corporate developments:

1. Awale Resources reported high-grade gold intercepts at its Odienne project, including 20 g/t gold over 29m.

2. American Eagle Gold announced long, high-grade copper-gold intercepts from surface at its NAK project.

3. Mistango River Resources outlined a 28-hole drill program for its Omega Gold Project.

4. QC Copper & Gold established a working group with the City of Chapais for the Opemiska project.

5. Cuprum reported assay results showing significant copper equivalent grades over long intervals, indicating potential resource expansion at its K1 deposit.