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Orecap Invest Corp. reports developments as a natural resource special-situations investment issuer with exposure to precious and critical metal assets and businesses. Its updates center on portfolio investments, property transactions, capital-structure and governance matters, and corporate presentations tied to the mining sector.
Recurring company news also covers Orecap’s McGarry gold project in the Kirkland Lake-Larder Lake district of Ontario. McGarry is described as a brownfield gold asset with historic underground development, extensive drilling, a shaft to depth, and technical work under National Instrument 43-101. Company releases discuss ownership consolidation, project option and partner activity, geophysical targets, and positioning along the Larder Lake-Cadillac Deformation Zone near established gold systems.
Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) received TSX Venture Exchange acceptance for its option agreement with Stardust Metal Corp, now in effect, under which Stardust can earn up to a 75% interest in Orecap’s high-grade McGarry Gold Project in the Kirkland Lake Gold District.
To earn an initial 50% (Option 1), Stardust must complete $13 million in commitments over four years, including $500,000 in cash payments and $12.5 million in work obligations such as NI 43-101 resource updates, tailings evaluation and aggressive drilling, initially targeting the Kerr Extension. Upon completion, a 50/50 joint venture would be formed with Stardust as operator. Under Option 2, Stardust may increase its interest to 75% via a further $50 million cash payment to Orecap within two years of earning 50%.
Orecap holds about 4.9 million Stardust shares, or roughly 10.9%, aligning interests across asset and equity levels. Orecap also repaid an $833,333 interest-free, unsecured related-party loan, which was exempt from formal valuation and minority approval requirements under MI 61-101.
Orecap (OTCQB: ORFDF) reported that shareholders approved the previously announced option transaction with Stardust Metal at its July 14, 2026 AGM. Under the option agreement, Stardust may earn up to a 75% interest in Orecap's McGarry Project in the Kirkland Lake Gold Camp, along the Cadillac Break. Shareholder approval satisfies a key condition, with the transaction still requiring final TSX Venture Exchange approval.
According to Orecap, the McGarry transaction aligns with its strategy of unlocking value through partner-funded exploration while retaining upside via its equity stake in Stardust. Stardust plans an active 2026 exploration program at McGarry, including near-surface drilling expected to begin in early August 2026 and follow-up work on shallow and deeper targets.
Orecap (OTCQB:ORFDF) reported broad 2026 progress across its portfolio, including major drill campaigns, financings and new resources.
Key updates include American Eagle’s >50,000 m NAK drill program with ~$55M cash, Awalé’s 1.71 Moz AuEq Odienné MRE, and multiple fully funded 2026 work programs.
Orecap (OTCQB: ORFDF) has exercised all 4,166,666 Awalé warrants at $0.20 per share, increasing its holding to 10,631,499 Awalé common shares. The exercise follows Orecap’s April 2023 investment at $0.12 per unit.
Awalé’s Odienné Project in Côte d'Ivoire has an initial Mineral Resource Estimate of 32.4 Mt grading 1.64 g/t AuEq for 1,707,000 ounces inferred gold equivalent, including a 4.64 g/t AuEq high-grade underground component. A PEA is targeted for Q3 2026 and a PFS for Q4 2027.
Orecap (OTCQB: ORFDF) entered a $833,333 loan agreement with a non-arm's length lender owned and controlled by CEO Stephen Stewart. The unsecured, non-interest-bearing Loan, evidenced by a promissory note, is payable on demand over six months for general corporate purposes.
The Loan is a related party transaction under MI 61-101 but is exempt from formal valuation and minority shareholder approval because Orecap is not listed on a specified exchange and the Loan value is under 25% of market capitalization.
Orecap (OTCQB: ORFDF) filed an independent NI 43-101 for the McGarry Project on April 27, 2026, highlighting a Kerr-Addison-style gold system and a clear staged path to a compliant mineral resource estimate.
The brownfield asset includes ~230,000m of historic drilling, a shaft to ~698m and an option allowing Stardust to earn up to 75%.
Orecap (OTCQB: ORFDF) issues clarifying disclosure on prior spinout plans and promotional language. The company says it no longer intends to contribute existing assets to newly formed subsidiaries and retains assets unless future transfers receive board, shareholder, regulator, and exchange approvals.
Orecap sold the Mirado project for a 19.9% equity stake in the buyer and retracts overly promotional language about a never-drilled ultramafic target at McGarry, noting drilling is required to confirm mineralization.
Orecap (OTCQB: ORFDF) closed the sale of its 100% Mirado gold property to Kirkland Lake Discoveries (TSXV: KLDC) and received 40,582,767 common shares, representing 19.9% of KLDC on closing. The Consideration Shares are subject to a statutory four-month hold and a 12-month contractual lock-up.
This transaction increases Orecap's Kirkland Lake exposure alongside an existing 13.9% equity position in Stardust Metal and aligns with its strategy to convert physical assets into equity stakes in operators.
Orecap (OTCQB: ORFDF) will exhibit at PDAC 2026 and attend a private Ore Day investor lunch. PDAC runs March 1-4, 2026 at the Metro Toronto Convention Centre; Orecap's booth is #2322 in Investors Exchange, MTCC South Level 800.
Ore Day investor lunch is Feb 28, 2026 at 12:00 PM at the Shangri-La Hotel, Toronto, where Orecap will deliver a corporate update alongside Ore Group companies.
Orecap (OTCQB: ORFDF) will acquire a 19.9% equity interest in Kirkland Lake Discoveries Corp (TSXV: KLDC) in exchange for its 100% interest in the Mirado gold project, located 35 km southeast of Kirkland Lake, Ontario.
KLDC is expected to issue approximately 40,050,398 shares, implying a transaction value of $11.4 million based on KLDC's December 17, 2025 close. The Consideration Shares will be subject to a statutory four‑month hold. Closing is expected in January 2026 and the deal is subject to TSXV approval.