Welcome to our dedicated page for Oroco Resource news (Ticker: ORRCF), a resource for investors and traders seeking the latest updates and insights on Oroco Resource stock.
Oroco Resource Corp. (OTCQB: ORRCF; TSX-V: OCO) generates news primarily through its work on the Santo Tomás copper project in northwestern Mexico and related corporate and financing activities. This news page aggregates company announcements so readers can follow how Oroco advances its mineral projects and manages its capital structure over time.
Company releases describe ongoing technical work at Santo Tomás, including historical and recent drilling, resource estimates, and engineering studies that led to a revised Mineral Resource Estimate and an updated Preliminary Economic Assessment filed in August 2024. Oroco also reports on strategic studies, such as its engagement of Whittle Consulting Ltd. to conduct a Strategic Option Study intended to guide mine planning and pre-feasibility work.
In addition to project updates, Oroco’s news flow includes information on financings, such as non-brokered private placements and a bought deal public offering of units composed of common shares and common share purchase warrants. These announcements outline the structure of the offerings, use of proceeds for drilling and study work at Santo Tomás, and regulatory steps like filing a base shelf prospectus and prospectus supplements.
Readers will also find corporate and governance developments, including board appointments that bring additional mining and regional experience to the company, as well as shareholder engagement events such as virtual town halls providing updates on management, permitting, community engagement, and project advancement.
By reviewing this news feed, investors and stakeholders can see how Oroco communicates progress on its copper-focused projects, responds to regulatory milestones such as environmental resolutions from SEMARNAT, and pursues district-scale exploration opportunities like the Vainilla Mineral Concession option.
Oroco Resource Corp. (OTC: ORRCF) has successfully closed the second tranche of a non-brokered private placement, issuing 2,653,811 units at $1.70 each, raising approximately $4.51 million. This adds to the first tranche, totaling gross proceeds of $18.2 million from 10,708,696 units. The funds will support exploration at the Santo Tomas Project and general operations. The issued shares will be subject to a hold period until July 26, 2022. Finder's fees totaling $182,000 in cash and 25,000 shares have been paid to associated firms.
Oroco Resource Corp. (OTC: ORRCF) has announced the closing of the first tranche of its non-brokered private placement, issuing 8,054,885 units at $1.70 per unit, raising $13.7 million for its Santo Tomas Project. Each unit includes a common share and a purchase warrant, valid for 24 months at $2.40 per share. The funds will be allocated for exploration, acquisitions, and working capital. A second tranche is anticipated. Finder’s fees included cash and warrants, with a total value of $373,724. All shares are subject to a hold period expiring July 22, 2022.
Oroco Resource Corp. (OTC: ORRCF) has announced an increase in its non-brokered private placement from 8 million to 10.5 million units at $1.70 per unit due to strong investor demand. Each unit consists of one common share and one warrant, allowing the purchase of additional shares at $2.40 for 24 months. The Company holds a 73.2% interest in the Santo Tomas Project in Mexico, with the potential to increase to 85.5% through a $30 million investment. The project area encompasses 22,192 acres and features a historical copper porphyry deposit, previously explored between 1968 and 1994.
Oroco Resource Corp. (ORRCF) announced the oversubscription of its private placement offering on March 10, 2022, ceasing new subscriptions. The Company holds a 73.2% interest in the Core Concessions of the Santo Tomas Project in Mexico, with potential to increase to 85.5% through a CAD$30 million investment. The project area spans 22,192 acres and features a significant copper porphyry deposit. The Santo Tomas Project is well-located near transport infrastructure, including proximity to the Pacific port at Topolobampo.
Oroco Resource Corp. (OTC: ORRCF) announced a private placement aiming to raise up to $13.6 million by selling 8 million units at $1.70 each. Each unit includes one common share and a warrant priced at $2.40 for 24 months. Proceeds will fund the Santo Tomas Project exploration and general working capital. Closing is expected on March 15, 2022, pending regulatory approvals. The securities will not be offered in the U.S. The company holds a net 73.2% interest in the project.
Oroco Resource Corp. (OTC: ORRCF) announced promising initial assay results from its drilling campaign at the Santo Tomas property in Mexico. Eight drill holes have been completed, confirming historical copper grades and geological models. The first three holes returned significant copper intersections, with grades up to 0.39% Cu over 255m. Additionally, elevated molybdenum, gold, and silver were noted, contributing to copper equivalent grades. The results support further exploration and confirm the potential of the North Zone deposit.