Oroco Announces Major Initiatives

Rhea-AI Summary

Oroco Resource Corp. (ORRCF) has announced three major initiatives for its Santo Tomás Copper Project in Mexico. The company plans to apply for a river realignment to access additional copper resources not included in the 2024 Preliminary Economic Assessment mine plan. Additionally, Oroco has engaged Pontones & Ledesma, a leading Mexican environmental law firm, to guide the project's permitting process. The company has also announced its intention to uplist from TSX Venture to the Toronto Stock Exchange (TSX), aiming to increase visibility and attract U.S. institutional investors.

Positive

• Planned river realignment could unlock significant additional copper resources beyond the 2024 mine plan
• Engagement of top-tier environmental law firm strengthens permitting pathway
• Potential uplisting to TSX could increase liquidity and institutional investor access
• Project has regional political support

Negative

• River realignment project adds complexity and potential environmental challenges to permitting process
• Success of TSX uplisting application not guaranteed
• Additional regulatory approvals required for expanded mine plan

VANCOUVER, Canada, May 15, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce three pivotal developments that mark significant steps forward for the Company and its flagship Santo Tomás Copper Project located in northwestern Mexico.

1.  Application to Expand the Scope of the Santo Tomas Mine Plan

After completing a favourable internal assessment, Oroco has determined that it will supplement its regulatory permitting process with an application to laterally shift a section of the river that runs adjacent to the Santo Tomás Project area, north of the existing pit area of the North Zone.  This proposed river realignment will provide access to a significant portion of the resource identified in the 2024 Mineral Resource Estimate that was not included in the 2024 Preliminary Economic Assessment mine plan.  Unlocking this additional resource represents a very realistic opportunity to enhance the scale, economics, and long-term value of the Santo Tomas Project.

This bold, environmentally responsible initiative, supported by regional political interests, will be pursued with the guidance of Oroco’s newly engaged legal advisors and in collaboration with regional stakeholders to ensure alignment with environmental regulations and community development objectives.

2.  Engagement of Environmental Law Firm in Mexico

Oroco has engaged one of Mexico’s most respected environmental law firms, Pontones & Ledesma, which is recognized for its considerable expertise in regulatory frameworks and its track record of success in permitting complex mining developments.  This engagement marks a significant step toward formalizing the permitting pathway for Santo Tomás and further strengthens Oroco’s commitment to environmental and social stewardship.

The selected firm brings specialized knowledge in environmental impact assessments, stakeholder engagement, and regulatory compliance at both the state and federal levels.  Their experience guiding large-scale mining projects through Mexico’s permitting process will be instrumental in ensuring that Oroco continues to align its development strategy with both environmental sustainability and community expectations.

3. Application for Listing on the Toronto Stock Exchange

Oroco is also pleased to announce its intention to apply to list its securities on the Toronto Stock Exchange (TSX).  This strategic move is designed to enhance the Company's visibility, increase its liquidity, and attract a broader institutional investor base, particularly from the United States, many of whom may have previously been precluded from participating in Oroco’s equity.

“These three announcements represent transformative milestones for Oroco,” said Craig Dalziel, Executive Chairman of Oroco. “The river realignment is expected to provide access to a significant additional portion of our known resource.  This singular step could dramatically enhance the scope of the Santo Tomás Project.  And at the same time, the engagement of a top-tier environmental law firm and our TSX application lay the groundwork for responsible development and expanded shareholder participation.

“As the global copper market tightens and the demand for critical minerals accelerates, Oroco is strategically positioning itself to become a major contributor to North America's secure and sustainable copper supply. These developments are designed to accelerate that path and create long-term value for Oroco’s current and future shareholders,” added Mr. Dalziel.

ABOUT OROCO

The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares “the Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomas, with a resulting total of 48,481 meters drilled in 76 diamond drill holes.

The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company’s website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at www.sedarplus.ca.

The Santo Tomás Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

For more information, please contact:

Craig Dalziel, Chairman
Oroco Resource Corp. 
Tel: 604-688-6200 
Email: info@orocoresourcecorp.com 
www.orocoresourcecorp.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, and the use of funds from the Offering, are forward-looking statements. There is no assurance that the proceeds of the Offering will be expended as contemplated. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

Christy Fabros
Oroco Resource Corp. 
(604) 688-6200
info@orocoresourcecorp.com

FAQ

What are the three major initiatives announced by Oroco Resources (ORRCF)?

Oroco announced: 1) Application to realign a river to expand the Santo Tomás mine plan, 2) Engagement of environmental law firm Pontones & Ledesma, and 3) Application for uplisting to the Toronto Stock Exchange.

Why is Oroco Resources (ORRCF) planning to realign the river at Santo Tomás?

The river realignment will provide access to significant additional copper resources identified in the 2024 Mineral Resource Estimate that were not included in the current mine plan.

Why is Oroco Resources (ORRCF) applying to uplist to the TSX?

Oroco is seeking to uplist to enhance visibility, increase liquidity, and attract U.S. institutional investors who may have been previously unable to invest in the company.

What environmental firm has Oroco Resources (ORRCF) engaged for the Santo Tomás project?

Oroco has engaged Pontones & Ledesma, one of Mexico's most respected environmental law firms, to guide the permitting process for the Santo Tomás project.

Where is Oroco Resources' (ORRCF) Santo Tomás Copper Project located?

The Santo Tomás Copper Project is located in northwestern Mexico.