Orogen Royalties Inc - OGNRF STOCK NEWS

Orogen Royalties Inc. announced initial production at the Ermitaño deposit, holding a 2% net smelter return royalty. The first doré gold-silver pour occurred on November 11, 2021, with commercial production anticipated in Q1 2022. A Prefeasibility Study revealed substantial cash flow potential, estimating $12.25 million revenue over seven years from Proven and Probable Reserves, which currently account for only 35% of total resources. The deposit shows further mineralization potential and is debt-free, highlighting the strength of its organic royalty framework.

Orogen Royalties Inc. updated its royalty portfolio including key royalties in Mexico and Nevada. The Ermitaño deposit, owned by First Majestic Silver, is set to begin production soon, with stockpiled ore of 45,271 tonnes grading 4.0 g/t gold and 41 g/t silver. AngloGold Ashanti is advancing the Silicon and Merlin projects, with over 70,000 meters drilled and plans for a mineral resource announcement by year-end. Orogen holds a 2% NSR royalty on Ermitaño and a 1% NSR on Silicon, positioning it well in the precious metals royalty space.

Orogen Royalties Inc. has signed an agreement with Ivy Minerals Inc. to option the Ghost Ranch gold project in northeastern Nevada. Ivy can earn a 51% interest by investing US$1.5 million over four years, including a drilling commitment of 4,000 feet. Orogen retains a 49% interest and a 0.5% net smelter return (NSR) royalty, which could increase to 1.5% NSR if its interest dilutes below 10%. The project is located near significant gold resources, providing potential for exploration.

Orogen Royalties Inc. has approved a spinout of the Ball Creek copper-gold project into a new company, SpinCo, via a Plan of Arrangement. Shareholders will keep their current shares of Orogen and receive shares in SpinCo based on a determined ratio. This aims to enhance shareholder value by allowing independent valuation of the Ball Creek Project, which is fully permitted and underexplored. While Orogen will maintain a minority interest in SpinCo, the transaction is subject to regulatory approvals and may not be completed as proposed.

Orogen Royalties Inc. has entered into two agreements with Meridian Gold Company, a subsidiary of Yamana Gold Inc., for gold projects in Nevada. The Option Agreement allows Meridian to earn a 100% interest in the Raven and Callaghan projects through US$300,000 in cash and US$4.625 million in exploration over five years. Orogen retains royalties of 2.5% and 3% on these projects. The Alliance Agreement includes a partner-funded exploration alliance covering 4,000 square kilometers, with Orogen receiving a 1% royalty on new projects.

Orogen Royalties Inc. has appointed Justin Quigley to its Board of Directors, enhancing its strategic direction. Quigley brings extensive experience in the natural resources sector, previously serving as Vice President - Commercial for Rio Tinto Exploration, where he led transactions exceeding US$2.5 billion, including over US$220 million in royalty sales. The board will grant him 500,000 stock options at $0.37 each for five years, subject to regulatory approval. Orogen focuses on organic royalty creation in precious and base metals in North America.

Orogen Royalties Inc. has signed an option agreement with Badger Minerals LLC for the Kalium Canyon gold project in Nevada. Badger can earn a 100% interest by making cash payments totaling US$1.75 million and exploration expenditures of US$5.0 million over five years. Orogen retains a 2% net smelter return (NSR) royalty. The project encompasses 101 claims in a region with significant gold discoveries, showcasing potential for mineralization based on previous drill results.

Orogen Royalties Inc. has signed an option agreement with Headwater Gold Inc. for the Spring Peak gold project in Nevada. Headwater will pay US$10,000 and either cash or shares worth US$250,000, alongside US$250,000 in exploration within 24 months. Orogen retains a 0.5% net smelter return royalty and an option for an additional 0.5% royalty for US$1.0 million. The project, covering 435 hectares, shows promising high-grade gold potential, with historical drill results and recent geophysical surveys indicating viable feeder structures.

Orogen Royalties Inc. (OGNRF) announced positive drilling results from its Maggie Creek Gold Project in Nevada, conducted by its partner U.S. Gold Corp. (USAU). The drilling program included two holes totaling 1,353 meters, revealing significant Carlin-style alteration and promising host rocks similar to major Carlin gold mines. U.S. Gold has the potential to earn a 70% interest in the project by fulfilling specific milestones. The first hole encountered strong alterations and high gold levels, warranting further exploration.