Orogen Royalties Participates in BHP's 2025 Xplor Accelerator Program
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.
Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) è stata selezionata come una delle otto aziende di esplorazione per partecipare al programma Xplor 2025 di BHP, dedicato all'esplorazione generativa nell'ovest del Nord America. L'azienda riceverà un finanziamento non diluente di 500.000 dollari USA, insieme a servizi in natura da parte di BHP e esperti del settore.
Il programma, istituito nel 2023, mira ad accelerare le attività di esplorazione a supporto della transizione energetica. Attraverso questa iniziativa della durata di sei mesi, Orogen avrà accesso all'expertise globale, ai network e alle partnership di BHP, mentre BHP beneficerà del team di esplorazione esperto di Orogen, che vanta un comprovato record di scoperte nell'ovest del Nord America.
Il portafoglio di Orogen include la miniera di oro e argento Ermitaño in Sonora, Messico (royalty NSR del 2%) operata da First Majestic Silver Corp., e il progetto Expanded Silicon (royalty NSR dell'1%) in Nevada, attualmente in fase di sviluppo da parte di AngloGold Ashanti NA.
Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) ha sido seleccionada como una de las ocho empresas de exploración para participar en el programa Xplor 2025 de BHP para la exploración generativa en el oeste de América del Norte. La empresa recibirá una , así como servicios en especie de BHP y expertos de la industria.
El programa, establecido en 2023, tiene como objetivo acelerar la exploración que apoya la transición energética. A través de esta iniciativa de seis meses, Orogen tendrá acceso a la experiencia, redes y asociaciones globales de BHP, mientras que BHP se beneficiará del equipo de exploración experimentado de Orogen, que cuenta con un historial comprobado de descubrimientos en el oeste de América del Norte.
El portafolio de Orogen incluye la mina de oro y plata Ermitaño en Sonora, México (royalty NSR del 2%) operada por First Majestic Silver Corp., y el proyecto Expanded Silicon (royalty NSR del 1%) en Nevada, que está siendo desarrollado por AngloGold Ashanti NA.
오로겐 로열티스 (TSX.V:OGN)(OTCQX:OGNRF)는 북미 서부의 창의적 탐사를 위한 BHP의 2025 Xplor 프로그램에 참가할 여덟 개 탐사 회사 중 하나로 선정되었습니다. 이 회사는 50만 달러의 비희석 보조금과 BHP 및 산업 전문가들의 현물 서비스를 받을 것입니다.
2023년에 설립된 이 프로그램은 에너지 전환을 지원하는 탐사를 가속화하는 것을 목표로 합니다. 이 6개월 간의 이니셔티브를 통해 오로겐은 BHP의 글로벌 전문성, 네트워크 및 파트너십에 접근할 수 있으며, BHP는 북미 서부에서 확정된 발견 실적을 가진 오로겐의 경험 많은 탐사 팀의 혜택을 누릴 수 있습니다.
오로겐의 포트폴리오는 멕시코 소노라의 에르미타냐 금 및 은 광산 (2% NSR 로열티)와 앵글로골드 아샨티 NA가 개발 중인 네바다의 확장된 실리콘 금 프로젝트 (1% NSR 로열티)를 포함합니다.
Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) a été sélectionnée comme l'une des huit entreprises d'exploration pour participer au programme Xplor 2025 de BHP pour l'exploration générative dans l'ouest de l'Amérique du Nord. L'entreprise recevra une subvention non dilutive de 500 000 $US, ainsi que des services en nature de BHP et d'experts de l'industrie.
Ce programme, établi en 2023, vise à accélérer l'exploration soutenant la transition énergétique. Grâce à cette initiative de six mois, Orogen aura accès à l'expertise, aux réseaux et aux partenariats mondiaux de BHP, tandis que BHP bénéficiera de l'équipe d'exploration expérimentée d'Orogen, qui possède un solide bilan en matière de découvertes dans l'ouest de l'Amérique du Nord.
Le portefeuille d'Orogen comprend la mine d'or et d'argent d'Ermitaño à Sonora, au Mexique (royalty NSR de 2 %) exploitée par First Majestic Silver Corp., et le projet Expanded Silicon (royalty NSR de 1 %) au Nevada, développé par AngloGold Ashanti NA.
Orogen Royalties (TSX.V:OGN)(OTCQX:OGNRF) wurde ausgewählt, um an BHPs Xplor-Programm 2025 für generative Exploration in Nordamerikas Westen teilzunehmen, als eines von acht Explorationsunternehmen. Das Unternehmen erhält einen nicht verwässernden Zuschuss in Höhe von 500.000 US-Dollar sowie Sachleistungen von BHP und Branchenexperten.
Das 2023 ins Leben gerufene Programm hat das Ziel, die Exploration zur Unterstützung des Energiewandels zu beschleunigen. Durch diese sechsmonatige Initiative erhält Orogen Zugang zu BHPs globaler Expertise, Netzwerken und Partnerschaften, während BHP von Orogens erfahrenem Explorationsteam profitiert, das über einen nachweislichen Erfolg bei Entdeckungen im Westen Nordamerikas verfügt.
Das Portfolio von Orogen umfasst die Ermitaño Gold- und Silbermine in Sonora, Mexiko (2 % NSR-Royalty), die von der First Majestic Silver Corp. betrieben wird, sowie das Expanded Silicon Gold-Projekt (1 % NSR-Royalty) in Nevada, das von AngloGold Ashanti NA entwickelt wird.
- Secured US$500,000 non-dilutive funding through BHP Xplor program
- Selected as one of eight companies from hundreds of applicants
- Gained access to BHP's expertise and industry networks
- Recognition of exploration capabilities by major mining company BHP
- None.
VANCOUVER, BC / ACCESSWIRE / January 6, 2025 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the Company has been selected to participate in the BHP 2025 Xplor program for generative exploration in western North America.
Program Highlights
Orogen is one of eight exploration companies selected by BHP from hundreds of applicants to participate in the 2025 BHP Xplor program
The transaction provides Orogen entry into a new area for generative exploration while gaining access to BHP's global expertise, networks and partnerships
BHP will gain exposure to Orogen's talented exploration team with a track record of exploration discovery in western North America
Orogen will receive a one-off, non-dilutive grant of approximately US
$500,000 and in-kind services with BHP and other industry experts and investorsFunding will enable both parties to jointly build out geological concepts and design programs to accelerate exploration
Orogen's CEO, Paddy Nicol commented, "BHP's participation in our generative programs is an exciting opportunity for Orogen and a strong endorsement of our exploration team. We have always sought to operate as a concept-based and data-driven explorer, and it is pleasing to be recognised for our approach by BHP. We look forward to working with BHP Xplor team on this exciting initiative."
BHP's Head of Xplor, Marley Palin congratulated Orogen, saying: "The field of applicants for BHP Xplor was extremely strong this year. Successful applicants had to demonstrate not only that their critical-mineral projects were highly prospective but also that they were committed to pushing industry boundaries in their geological concepts and data-gathering, testing and processing to realise the project. Orogen more than met these criteria and we look forward to partnering with them."
About the BHP Xplor Program
The Xplor program was established in 2023 to support promising minerals explorers to accelerate the exploration needed to support the energy transition. Over a six-month program period, BHP Xplor targets development of technical, business and operational excellence within participating companies. It is expected Orogen's participation in Xplor will expedite the build-out of geological concepts and the exploration timeframe.
About Orogen Royalties Inc.
Orogen Royalties Inc. is focused on organic royalty creation and royalty 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 (
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID-19 may impact the Company's business will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business closures or business disruptions, and the effectiveness of actions taken in Canada and other countries to contain and treat the disease. Although it is not possible to reliably estimate the length or severity of these developments and their financial impact as of the date of approval of these condensed interim consolidated financial statements, continuation of the prevailing conditions could have a significant adverse impact on the Company's financial position and results of operations for future periods.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Orogen Royalties Inc.
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FAQ
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