Oroco Resource Corp. reports developments tied to advancing the Santo Tomás porphyry copper project in northwestern Mexico. Company news commonly covers diamond drilling, mineral-resource classification work, Pre-Feasibility Study programs, baseline environmental and permitting work, and project infrastructure context, including access to port, highway, rail, power and natural gas corridors.
Oroco updates also include capital-structure actions, financing proceeds directed toward project work and general working capital, shareholder and securities matters, and governance changes affecting senior leadership and board oversight.
Oroco Resource Corp. (TSX-V: OCO) has announced that its subsidiary Minera Xochipala has entered into an option agreement to acquire a 100% interest in the Vainilla Mineral Concession in Mexico's Choix District. The concession covers 2,974 hectares within a porphyry copper belt near the company's Santo Tomás Project.
The strategic acquisition includes multiple zones of polymetallic mineralization, including skarns, breccia pipes, and vein systems. The Mazomique skarn within the concession has demonstrated potential for copper concentrate production of up to 24.6% Cu. The option agreement terms include an initial payment of US$75,000 and 100,000 Oroco shares, with exercise price set at US$500,000 and 2 million shares.
Oroco Resource Corp. (OTC: ORRCF) has engaged Whittle Consulting Ltd. to conduct a Strategic Option Study for its Santo Tomás porphyry copper project in Mexico. The study will utilize Whittle's "Integrated Strategic Planning" methodology to optimize mining operations and enhance project value.
The study will focus on key areas including alternative power sources, mining fleet electrification, processing technologies, and tailings storage options. It will use data from Oroco's Q3 2024 Preliminary Economic Assessment and leverage Whittle's proprietary "Prober-F" software. As compensation, 60% of Whittle's consulting fee will be paid in Oroco common shares, pending TSX Venture Exchange approval.
Oroco Resource Corp (TSX-V: OCO; OTC: ORRCF) has announced a live virtual Townhall scheduled for Wednesday, May 28, 2025, from 8:00 AM to 10:00 AM PDT. The event will be hosted by Executive Chairman Craig Dalziel and President Ian Graham, who will provide updates on the Santo Tomás Copper Project. The session will cover key developments including permitting progress, community engagement initiatives, and upcoming project milestones. Shareholders, investors, and the public can participate in this interactive session, which demonstrates the company's commitment to transparency and stakeholder engagement.
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.
Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) presented at the Mexican Discoveries 2025 Conference to discuss progress on the Santo Tomas Project. The company announced the planned initiation of environmental baseline studies and community consultation process following positive meetings with Mexican federal and state officials.
The company will participate in a Red Cloud Securities Inc. Webinar titled 'Oroco Resource Corp.: Why Santo Tomas is the most buildable Copper Asset in the Americas' on April 16th at 2:00pm EDT. According to Executive Chairman Craig Dalziel, the Mexican government's clear support for the Santo Tomas Project enables the resumption of development activities, starting with environmental and social programs important for the permitting process.
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.