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Orecap Invest Corp - ORFDF STOCK NEWS

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

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 Orecap Invest'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 Orecap Invest's position in the market.

Rhea-AI Summary
Orecap Invest Corp. (TSXV: OCI) has received conditional acceptance from the TSX Venture Exchange for a Normal Course Issuer Bid to repurchase up to 23,316,772 common shares, aiming to create shareholder value by leveraging the perceived undervaluation of its shares. The repurchase program will run from April 2, 2024, to April 1, 2025, with Beacon Securities acting as the agent for the NCIB.
Rhea-AI Impact
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End-of-Day
5.66%
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Rhea-AI Summary
Orecap Invest Corp. (TSXV: OCI) reports exceptional assay results at Awale Resources Odienné Project, with 45.7 g/t gold over 32m from a new breccia pipe. The mineralization is consistently high grade, making it one of the highest-grade gold intersections in Africa. A follow-up drill program of 25,000 meters is planned for 2024. Orecap owns 8.3M shares and 4.2M warrants of Awale.
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Rhea-AI Sentiment
End-of-Day
5.66%
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Rhea-AI Summary
Orecap Invest Corp. announces the termination of the exploration, earn-in, and option agreement with Agnico Eagle Mines Ltd. The company maintains 100% interest in the McGarry, Mirado, and Knight properties in Kirkland Lake, Ontario. Orecap is excited to regain control of these strategic assets and plans to evaluate opportunities for their development.
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Orecap Invest Corp. (OCI) announces that Awale Resources (ARIC), a portfolio company in which it owns 14.8% shares, has made a significant new greenfield gold-copper discovery on its Odienné Copper-Gold Project. The discovery, named BBM Target, shows broad gold and copper mineralization with excellent scope for rapid expansion. Newmont's strategic investments in Awale, including a direct investment of $957,530.90 in December 2023 and increased exploration spending by $750,000, reflect confidence in the project's potential. Awale's drill program is fully funded via an earn-in Joint Venture with Newmont Ventures, with Newmont retaining the option to earn-in to a minimum of 65% interest in return for $15 million of exploration expenditures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.74%
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Orecap Invest Corp. (OCI) Announces High-Grade Copper Intersect at American Eagle Gold's NAK23-17 Drill Hole and Strategic Investments by Teck Resources and C.J. 'Charlie' Greig
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End-of-Day
6.81%
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Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) is pleased to announce that QC Copper and Gold (TSXV: QCCU) (OTC: QCCUF), an Orecap portfolio company in which it owns 5 million shares, released an updated Mineral Resource Estimate (MRE) for the Opemiska Project in Quebec's Chapais-Chibougamau District. This MRE reflects a significant increase in grade and contained metal, attributed to extensive drilling and QC Copper's technical team's two-year recompilation and reinterpretation of geological data. With this MRE, Opemiska has the highest copper grade among open pit copper deposits, with over 1 billion pounds of copper contained in Canada.
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Rhea-AI Sentiment
End-of-Day
6.81%
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Orecap Invest Corp. (OCI) (OTCQB: ORFDF) announces Mistango River Resources (MIS) has commenced its Goldie Drill Program with three holes totaling 1,430 meters. Jamie Spratt, Mistango's new CEO, brings over 15 years of expertise in mining-focused capital markets, elevating Mistango's strategic vision and operational capabilities.
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Rhea-AI Sentiment
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6.81%
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Newmont (NEM) announces its second equity investment with Awale, made at a premium to market. Awale has pending drill results.
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Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) has announced an additional investment in Cuprum Corp., the private company that owns 100% of Thierry Copper Mine in Pickle Lake, Ontario. Orecap now owns 29.5 million shares for 42.7% of Cuprum, and Orecap and affiliates own approximately 57% of Cuprum's shares. The Private Placement of $455,500 was completed on the same terms as Orecap's initial investment, with Orecap's Chairman subscribing for $100,000. The funds will be used for general working capital purposes, preparing Cuprum for its going public process, and potentially completing assays on the remaining four diamond drill holes from Thierry's summer drill program.
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Orecap Invest Corp. (OCI) Announces American Eagle Gold Corp. (AE) Exercise of Option to Re-Acquire 20% Interest in NAK Copper-Gold Porphyry Project, Resulting in a $1.5 Million Stock Compensation Deal
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Orecap Invest Corp

OTC:ORFDF

ORFDF Rankings

ORFDF Stock Data

11.76M
233.17M
6.16%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto