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Orogen Royalties Inc - OGNRF STOCK NEWS

Welcome to our dedicated page for Orogen Royalties news (Ticker: OGNRF), a resource for investors and traders seeking the latest updates and insights on Orogen Royalties stock.

Orogen Royalties Inc. is a company focused on organic royalty creation and acquisitions on precious and base metal discoveries in western North America. The company's royalty portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico (2% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon gold project (1% NSR royalty) in Nevada, USA, advanced by AngloGold Ashanti NA. Orogen has a strong financial performance with record revenue and after-tax profit, driven by key assets like the Ermitaño Royalty and the Expanded Silicon Royalty. The company also engages in prospect generation, adding six new royalties to its portfolio in 2023.

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Orogen Royalties has announced a significant update to their Expanded Silicon project in Nevada, where project owner AngloGold Ashanti reported an updated Inferred Resource of 12.1 million ounces gold at the Merlin deposit. This represents a 34% increase in gold resources, with the deposit now containing 355 million tonnes grading 1.06 g/t gold.

The new Merlin resource shows a 25% increase in tonnes and a 7% increase in gold grade from the February 2024 announcement. This is separate from the 4.22 million ounce gold resource at the Silicon deposit, giving Orogen exposure to approximately 16.31 million ounces of gold through their 1% net smelter return royalty.

Key developments include completion of 132 kilometres of drilling within the Merlin area in 2024, with exploration drilling east of Merlin encountering potential fault offset extension. The pit design has increased 70% in size to 6.3 square kilometres. AngloGold plans to continue drilling into 2025 to support resource upgrades, with a pre-feasibility study expected in H2-2025.

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Orogen Royalties announced a significant update to their Expanded Silicon project in Nevada, where project owner AngloGold Ashanti reported an updated Inferred Resource of 12.1 million ounces gold at the Merlin deposit. This represents a 34% increase in gold ounces and a 7% increase in gold grade from February 2024.

The Merlin deposit now shows a pit-constrained inferred resource of 355 million tonnes grading 1.06 g/t gold. This resource is separate from the 4.22 million ounce gold resource at the Silicon deposit. Orogen holds a 1% net smelter return royalty on the Expanded Silicon project, giving exposure to approximately 16.31 million ounces of gold.

AngloGold completed approximately 132 kilometres of drilling within the Merlin area in 2024, with exploration drilling east of Merlin encountering potential fault offset extension. A pre-feasibility study is expected in H2-2025.

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Orogen Royalties announces significant expansion of the Navidad gold-silver target at Ermitaño Mine in Sonora, Mexico, where it holds a 2% NSR royalty. Recent drilling by First Majestic Silver has revealed extensive mineralization at the Navidad and Winter veins, located 100 metres southwest and 350 metres below the Ermitaño Mine complex.

Key drilling results include intercepts of up to 13.06 g/t gold and 205 g/t silver over 3.24 metres. The mineralization extends over 1,000 metres along strike and 300 metres down dip. Metallurgical testing shows gold and silver recoveries exceeding 90% and 85% respectively. First Majestic plans to complete an initial inferred mineral resource estimate for Navidad in late March 2025, with five drill rigs currently active at the site.

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Orogen Royalties (TSXV:OGN, OTCQX:OGNRF) has announced its annual equity compensation grants, including 324,000 Restricted Share Units (RSUs), 62,000 Deferred Share Units (DSUs), and 977,000 incentive Stock Options to directors, officers, employees, and consultants.

The RSUs will fully vest after two years, while DSUs will vest 50% each on the third and fourth anniversaries, settling upon service termination. Stock Options have a five-year term with a $1.51 exercise price, vesting over three years with 25% immediate vesting and subsequent 25% portions on the first, second, and third anniversaries.

The company's portfolio includes a 2% NSR royalty on the Ermitaño mine in Mexico and a 1% NSR royalty on the Expanded Silicon project in Nevada.

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Orogen Royalties (TSXV:OGN, OTCQX:OGNRF) has signed a purchase and sale agreement with K2 Gold for the Si2 gold project in Nevada. Under the agreement, K2 will acquire 100% interest in Si2 for C$250,000 in cash or common shares, while Orogen retains a 2% NSR royalty.

This agreement replaces a previous option agreement from January 2022, under which K2 made US$200,000 in cash payments and invested over C$2.3 million in exploration. In 2023, K2 completed a four-hole 1,777-metre drill program, revealing broad zones of silicification with gold potential, including an intercept of 3.2 metres of 0.52 g/t gold.

The Si2 project, located 50 kilometres northwest of Tonopah, shares similarities with the multi-million ounce Expanded Silicon Project in the Beatty district, where Orogen holds a 1% NSR royalty.

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Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) has been selected as one of eight exploration companies to participate in BHP's 2025 Xplor program for generative exploration in western North America. The company will receive a US$500,000 non-dilutive grant along with in-kind services from BHP and industry experts.

The program, established in 2023, aims to accelerate exploration supporting the energy transition. Through this six-month initiative, Orogen will gain access to BHP's global expertise, networks, and partnerships, while BHP benefits from Orogen's experienced exploration team with a proven discovery track record in western North America.

Orogen's portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico (2% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon gold project (1% NSR royalty) in Nevada, being developed by AngloGold Ashanti NA.

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Orogen Royalties (TSXV:OGN)(OTCQX:OGNRF) has signed an agreement to sell its Celts gold project in Nevada to Eminent Gold. The deal includes a total payment of US$400,000 in cash and/or shares, plus a 3% NSR royalty, of which 1% can be purchased for US$1.5 million. Under a previous alliance agreement with Altius Minerals, the proceeds will be split evenly, with each party receiving US$200,000 and a 1.5% NSR royalty.

The 560-hectare Celts project, located 13km northeast of the Goldfield district, features an 800-meter diameter zone of advanced argillic alteration. The project shows geological similarities to the Silicon deposit, where Orogen holds a 1% NSR royalty. While there's no gold at surface in the steam cap, peripheral gold samples up to 33 grams per tonne have been found in quartz veins.

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Orogen Royalties reports Q3 2024 financial results with royalty revenue of $2,117,552, up 30% from 2023, driven by higher gold prices and improved silver recoveries. The company sold 614 gold equivalent ounces at an average price of US$2,474 per ounce. Despite strong revenue, the company recorded a net comprehensive loss of $359,544 due to a non-cash write-down of $689,763 and income tax expenses. The Ermitaño mine processed 259,919 tonnes with silver and gold recoveries of 67% and 94% respectively. The company maintains strong working capital of $23,472,759 with no long-term debt.

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Orogen Royalties held its Annual General and Special Meeting on October 29, 2024, with shareholders approving all presented matters. The meeting saw participation through proxy voting of 67,895,414 shares, representing 33.67% of outstanding shares. Key approvals included director nominations with over 98% approval rates, appointment of auditor (99.98%), re-adoption of Omnibus Equity Incentive (99.77%), and re-confirmation of Shareholders Rights Plan (99.95%). The company holds royalties in the producing Ermitaño Mine in Mexico (2.0% NSR) and Silicon gold project in Nevada (1.0% NSR).

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Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) reported profitable Q2-2024 results with record royalty revenue. Key highlights include:

- Net income before tax of $1,069,473, up 713% from 2023
- Royalty revenue of $1,908,741, up 62% from 2023
- 610 attributable gold equivalent ounces sold at average price of US$2,338 per ounce
- Cash flow from operating activities of $1,695,612 year-to-date
- Working capital increased to $22,996,411

The company's Ermitaño royalty continues to outperform, while the Expanded Silicon gold project advances under AngloGold Ashanti. Recent drill results at the Merlin deposit showed significant high-grade intercepts, including 144.5 metres grading 10.53 g/t gold.

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FAQ

What is the current stock price of Orogen Royalties (OGNRF)?

The current stock price of Orogen Royalties (OGNRF) is $1.045 as of February 28, 2025.

What is the market cap of Orogen Royalties (OGNRF)?

The market cap of Orogen Royalties (OGNRF) is approximately 217.8M.

What is Orogen Royalties Inc. focused on?

Orogen Royalties Inc. is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America.

What are the key assets of Orogen Royalties Inc.?

The key assets of Orogen Royalties Inc. include the Ermitaño gold and silver mine in Sonora, Mexico (2% NSR royalty) and the Expanded Silicon gold project in Nevada, USA (1% NSR royalty).

How did Orogen Royalties Inc. perform financially in 2023?

Orogen Royalties Inc. reported record revenue and after-tax profit for the year ended December 31, 2023, driven by strong performance in key assets like the Ermitaño Royalty and the Expanded Silicon Royalty.

What is prospect generation?

Prospect generation refers to the creation of new royalties through acquisitions, project sales, and option agreements. Orogen Royalties Inc. engages in prospect generation activities to expand its royalty portfolio.

Who are the key partners of Orogen Royalties Inc.?

Altius Minerals Corporation is a key partner of Orogen Royalties Inc., holding a significant ownership stake in the company.

Where can I find more information about Orogen Royalties Inc.?

For more information about Orogen Royalties Inc., you can visit their website at www.orogenroyalties.com or contact Paddy Nicol, President & CEO, and Marco LoCascio, Vice President of Corporate Development.

What is the focus of Orogen's prospect generation activities?

Orogen's prospect generation activities focus on creating new royalties at minimal cost to the company through organic means, such as project sales, acquisitions, and option agreements.

What percentage of the issued and outstanding common shares does Altius hold in Orogen?

Altius holds 18.15% of the issued and outstanding common shares of Orogen, and 17.18% on a fully diluted basis.

How can I access Altius Resource Inc.'s early warning report about the ownership in Orogen?

Altius Resource Inc.'s early warning report can be found on Orogen's profile on SEDAR or obtained directly from Altius' office.

What are the key regions of operation for Orogen Royalties Inc.?

Orogen Royalties Inc. operates in western North America, with key assets in Sonora, Mexico, and Nevada, USA.
Orogen Royalties Inc

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