Oroco Resource Corp Stock Price, News & Analysis

Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) has made significant progress with its Santo Tomás Copper Project in Choix, Sinaloa, Mexico. The company's leadership, including Chairman Craig Dalziel, held strategic meetings with Sinaloa Governor Rubén Rocha Moya and key state officials to discuss project advancement.

The Governor endorsed the project's potential for responsible development and economic growth, particularly for the Choix region, emphasizing commitment to environmental sustainability and local job creation. This state-level meeting followed earlier discussions in Mexico City with federal officials, including Undersecretary of Economy Dr. Luis Rosendo Gutiérrez Romano.

A technical meeting was also held to prepare for the project's inclusion in the Key Development Projects Registry of the Ministry of Economy's Mining Coordination Office, marking an important step in securing Mexican Government support.

Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) has made significant progress in advancing its Santo Tomás Copper Project in Choix, Sinaloa, Mexico. Chairman Craig Dalziel and senior management recently met with Dr. Luis Rosendo Gutiérrez Romano, Undersecretary of the Mexican Economy, along with other federal and state officials in Mexico City.

The meetings, initiated by Congressional Deputy Mario Zamora, established clear dialogue with Mexico's senior economic and mine development decision makers. Government officials acknowledged the project's potential for responsible development, investment, and long-term economic growth, particularly highlighting its contribution to the regional economy.

Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) has successfully completed a non-brokered private placement, raising $2.3 million through the sale of 9,214,223 units at $0.25 per unit. Each unit includes one share and one purchase warrant, allowing holders to buy one share at $0.40 within 24 months of closing.

Company insiders, including Executive Chairman Craig Dalziel's ATM Mining Corp, director Stephen Leahy, and CFO Steve Vanry's wife Kelly Vanry, acquired 3,850,000 units. The company will pay $900 and issue 3,600 finder's warrants as fees. The proceeds will fund the Santo Tomás Project in Sinaloa State, Mexico, along with working capital and corporate purposes. All shares are subject to a hold period until June 29, 2025.

Oroco Resource Corp announces arrangements for its Annual General Meeting scheduled for December 12, 2024, addressing challenges posed by the ongoing Canada Post strike. Due to potential postal delays, Meeting Materials are available on SEDAR+ and the company's website. The meeting agenda includes reviewing financial statements, re-appointing auditors, electing directors, and approving the stock option plan.

Shareholders can obtain voting control numbers through Computershare's Services Call Centre. Those unable to verify identity may use generic proxy forms available on the company's website. Proxy votes must be submitted by December 10, 2024, at 2:00 p.m. Vancouver time. Virtual attendance is possible through video conference, though voting cannot be conducted during the video call.

Oroco Resource provides a corporate update on its Santo Tomas Project following its August PEA release, which demonstrated a 22.6-year Life of Mine copper-molybdenum-gold-silver project with a US$1.48 billion post-tax NPV. The company is monitoring recent Mexican Supreme Court decisions limiting 2023 Mining Law amendments, which preserve Oroco's existing mineral concession rights. The company is preparing for Phase 2 technical work, focusing on updating Mineral Resource Estimates, particularly in the South Zone. Activities include monitoring the new presidential administration's mining policies, expanding community investment opportunities, and developing strategic financing relationships.

CEO.CA Technologies , a leading investor social network for junior resource and venture stocks, has released exclusive updates from CEOs of junior mining explorers in its 'Inside the Boardroom' series. The series provides firsthand knowledge from industry leaders, offering insights into their vision, challenges, and strategies.

This week's interviews featured Greg Renwick, President, CEO & Director of Sonoro Energy (TSXV: SNV), and Adam Smith, VP Business Development of Oroco Resource Corp (TSXV: OCO | OTCQB: ORRCF | FSE: OR6). These interviews aim to provide investors with valuable information about key updates from these companies.

CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and globally, known for its industry-leading audience engagement and mobile functionality. Millions of visitors use CEO.CA annually to connect with investors worldwide, share knowledge, and view impactful stories about stocks, commodities, and emerging companies.

Oroco Resource Corp. (TSXV: OCO; OTCQB: ORRCF) has filed a Preliminary Economic Assessment (PEA) technical report for its Santo Tomas Copper Project in Sinaloa, Mexico. The report, dated August 20, 2024, is now available on the company's website and SEDAR. The PEA results remain consistent with the previously announced findings on August 20, 2024.

Oroco has also announced a webinar scheduled for August 28th at 11:00 AM PDT to discuss the PEA results. CEO Richard Lock, Principal Geological Consultant Andrew Ware, and Corporate Finance representative Adam Smith will lead the discussion on the PEA and outline next steps for advancing the Santo Tomas porphyry project.

Oroco Resource has released a revised Preliminary Economic Assessment (PEA) and updated Mineral Resource Estimate (MRE) for its Santo Tomas Porphyry Copper Project in Mexico. The PEA, prepared by Ausenco Engineering, envisions a staged open pit mine reaching 120,000 tonnes per day production by year 8, over a 22.6-year life of mine.

Key highlights include a post-tax Net Present Value (NPV) of $1.48 billion, a 22.2% Internal Rate of Return (IRR), and total Life of Mine (LOM) payable copper production of 4,774 million pounds. Initial capital costs are estimated at $1.103 billion, with sustaining and expansion costs at $1.734 billion. C1 cash costs are projected at $1.54/lb Cu.

The MRE estimates 540.6 million tonnes of indicated resources with an average grade of 0.37% CuEq. The PEA details plans for a highly efficient use of capital, achieving a rapid post-tax payback of 3.8 years. The project is poised to be one of the most capital efficient large-scale, low-cost copper projects globally.

Oroco Resource Corp. has completed a brokered private placement, raising $6.3 million through the sale of 14,051,127 units at $0.45 per unit. Each unit includes one common share and one half of a common share purchase warrant, exercisable at $0.65 for 24 months. The offering was led by Red Cloud Securities Inc. and Canaccord Genuity Corp. Oroco paid a cash commission of $271,636.20 and issued 603,636 broker warrants, and 99,763 advisory warrants. Proceeds will fund the Santo Tomás Project in Mexico, working capital, and general corporate purposes. The units are immediately freely tradeable under Canadian law but are subject to a hold period until October 7, 2024, on the TSXV.