Orogen Royalties Inc - OGNRF STOCK NEWS

Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) has provided an update on its partner-funded exploration stage projects and royalties. Key highlights include:

- Estimated 30,000 meters of drilling planned across seven programs in Nevada, British Columbia, Northwest Territories, and Western Kenya
- Several targeting and regional exploration programs for gold and copper projects in British Columbia and Nevada
- Eight active option agreements and a portfolio of projects available for option and sale

The update covers various projects including Spring Peak, MPD South, Ghost Ranch, Maggie Creek, HWY 37, Astro, Cuprite, Si2, and Rosterman. Orogen holds royalty interests or equity positions in these projects, which are being advanced by partners such as Headwater Gold, Kodiak Copper, Nevada Gold Mines, and others.

Orogen Royalties has acquired the TCS copper-zinc project, a volcanic-hosted-massive-sulphide (VHMS) target near Dease Lake, British Columbia. This undrilled project spans 1,850 hectares and features geological mapping, geochemical sampling, and geophysics, identifying three high-priority conductors indicative of significant mineralization. The acquisition entails a $25,000 cash payment and $125,000 in exploration expenditures, with future payments structured around further developments and potential sales. The TCS project is strategically located near infrastructure and recognized mining jurisdictions, offering substantial potential for high-grade copper, zinc, and gold extraction.

Orogen Royalties reported Q1-2024 results with a net income of $285,647, down 55% from Q1-2023 due to decreased revenue from prospect generation.

Royalty revenue increased by 13% to $1,478,699, while income from prospect generation dropped 53% to $437,319.

General and administrative expenses fell by 8% to $1,378,975, and cash flow from operations rose 72% to $422,924.

The company has working capital of $19,002,637 and no long-term debt.

Key assets include Ermitaño Mine and Expanded Silicon gold project, with the former contributing 508 gold equivalent ounces sold at an average price of US$2,070 per ounce.

Orogen Royalties Inc. provides an update on the Merlin gold deposit near Beatty, Nevada, USA. The project owner, AngloGold Ashanti NA, released a technical report highlighting inferred mineral resources of 9.05 million ounces of gold and 15.22 million ounces of silver. The mine life at Merlin is estimated to be 14 years, with significant potential for expansion. The production schedule anticipates over 750,000 ounces of contained gold per year, excluding the nearby Silicon deposit. Orogen holds a 1% NSR royalty in the Expanded Silicon project, which includes Merlin and Silicon deposits.

Altius Minerals increases its ownership stake in Orogen Royalties to 18.15% by exercising warrants, acquiring over 7 million common shares for $2.85 million. Altius now holds 36,430,561 common shares, representing 17.18% on a fully diluted basis.

Orogen Royalties Inc. announces record year-end financial performance for 2023, with a 155% increase in net income, $5.9 million in royalty revenue, and $1.9 million from prospect generation activities. The company achieved a 262% increase in net comprehensive income, with strong cash flow and working capital. Key assets include the Ermitaño Royalty in Mexico and the Expanded Silicon Royalty in the USA. The company's CEO highlights the commitment to early-stage exploration and organic royalty creation.

Orogen Royalties announces partner-funded drilling programs in Nevada, USA, with various exploration activities and alliances. The company has a broad portfolio in Nevada, including royalties, option agreements, and generative alliances. Exploration partners plan to advance projects in Nevada, potentially creating significant value for the company. Notable updates include Headwater Gold Inc.'s exploration plans with Newmont , Strikepoint Gold Inc.'s drill program on the Cuprite Gold project, and Ivy Minerals Inc.'s upcoming drill program on the Ghost Ranch gold project. The Alliance between Altius and Orogen continues to focus on generating gold and silver targets in Nevada. Barrick Gold of North America has relinquished their option on the Pearl String project.

Orogen Royalties Inc. reports record revenue and profits for 2023, with total revenue of $8 million, a 70% increase from 2022. The after-tax net income also rose by 114% to $1.8 million. The company has a strong financial position with $18.5 million in working capital and no debt. Key assets like the Ermitaño Mine and Expanded Silicon Project are expected to generate significant royalty revenues in 2024. Orogen has various projects under option agreements and anticipates active exploration programs in 2024.

Orogen Royalties Inc. announces an update on the Expanded Silicon project in Nevada, USA, with an initial Inferred Resource of 9.05 million ounces gold at the Merlin deposit. The project includes the Silicon deposit, totaling exposure to approximately 13.27 million ounces gold. The Prefeasibility Study is ongoing, expecting completion in 18 to 24 months. AngloGold invested over US$73.9 million in 2023, leading to one of the largest gold discoveries in North America in the past decade.