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ORECAP INVEST CORP - ORFDF STOCK NEWS

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

Orecap Invest Corp. (ORFDF) is a prominent player in the natural resource sector, focusing on special situation investments that provide shareholders with exposure to high returns in precious and critical metal assets and businesses. With significant equity positions in companies like American Eagle Gold, QC Copper and Gold, Mistango, Awale Resources, and Cuprum Corp., Orecap also owns a broad portfolio of land packages centered on gold, copper, and zinc. The company is committed to creating shareholder value through strategic investments and partnerships.

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Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) has completed the sale of its Cuprum Corp shares to XXIX Metal Corp in an all-share transaction. Through this deal, Orecap exchanged its 29,500,000 Cuprum shares (37.5% ownership) for XXIX shares at a ratio of 1.1538 XXIX shares per Cuprum share, based on XXIX's share price of $0.13.

Following the transaction, Orecap's ownership in XXIX Metal Corp increased from 2.9% (5,059,752 shares) to 15.1% (34,037,100 shares). The acquisition establishes XXIX as one of Canada's largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario.

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Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) has entered into a binding term sheet to invest in Metal Energy Corp (TSXV: MERG). The investment involves Orecap leading a non-brokered private placement offering of up to $500,000, with Orecap intending to subscribe for up to $220,000 in Units.

The offering includes Units at $0.04 each and Flow-Through Units at $0.05 each. Each Unit comprises one common share and half a warrant, with each full warrant exercisable at $0.08 per share for 24 months. The transaction is expected to close around December 17, 2024, subject to TSX Venture Exchange approval.

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Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) announces significant gold discoveries by its portfolio company Awalé Resources at the Odienné Project. The highlight includes an exceptional intercept of 14.7 g/t gold over 59 metres from drill hole OEDD-100. The results confirm a high-grade gold zone with strong continuity, identifying a 200-metre long corridor. The company has established the breccia's true width at over 30 metres, with high-grade gold concentrated in fold hinges. Orecap owns 7.38M shares (8.5%) of Awalé and 4.16M share purchase warrants.

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Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) announces that its portfolio company American Eagle Gold has secured a $29.16M strategic investment from South32. The investment involves issuing 33,321,577 common shares at $0.875 per share, representing a 15% premium. Upon closing, South32 will hold a 19.9% stake in American Eagle, which will have approximately $37M in cash. The deal includes an Investor Rights Agreement granting South32 participation rights and board representation. Orecap owns 11.7 million shares of American Eagle, which also has Teck Resources as another strategic investor.

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Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) announces that QC Copper and Gold has offered to acquire all outstanding shares of Cuprum Corp. Orecap currently owns 37.9% of Cuprum and 2.9% of QC Copper. Post-acquisition, Orecap's ownership in QC Copper would increase to 15.2%. This transaction positions QC Copper as one of Canada's largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario.

The acquisition includes Cuprum's Thierry Copper Project, a 7,907-hectare past producer with significant growth potential. QC Copper plans to rebrand as XXIX Metal Corp, reflecting copper's atomic number 29. The all-share deal involves QC Copper issuing 1.1538 shares for every Cuprum share, with Orecap receiving approximately 34 million shares. The transaction is subject to TSXV and shareholder approvals, with closing expected by the end of December 2024.

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Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) provided updates on its portfolio companies, highlighting significant drill results and corporate developments:

1. Awale Resources reported high-grade gold intercepts at its Odienne project, including 20 g/t gold over 29m.

2. American Eagle Gold announced long, high-grade copper-gold intercepts from surface at its NAK project.

3. Mistango River Resources outlined a 28-hole drill program for its Omega Gold Project.

4. QC Copper & Gold established a working group with the City of Chapais for the Opemiska project.

5. Cuprum reported assay results showing significant copper equivalent grades over long intervals, indicating potential resource expansion at its K1 deposit.

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Orecap Invest Corp. has announced notable results from Cuprum Corp's five drill holes at the Thierry copper project. Key highlights include a 114-metre intercept of 1.1% Copper Equivalent (CuEq) within a 171-metre interval grading 0.98% CuEq. Other significant results encompass 231 metres of 0.74% CuEq and 79 metres of 0.81% CuEq. Cuprum owns 100% of the Thierry Copper Project, Ontario's largest copper resource. Orecap holds 29.5 million shares of Cuprum Corp., while QC Copper, another Orecap portfolio company, owns 6 million shares. The drilling program suggests substantial potential for expanding the K1 Open Pit Zone, with the step-out holes revealing extended mineralization trends expected to continue beyond current depths.

The K1 deposit has a current inferred mineral resource of 53.6 million tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt, and 0.14 g/t Pd. An updated PEA from April 2022 for the Thierry underground deposit outlined a 14-year mine life, producing 567 Mlbs Cu and 21 Mlbs Ni, with an after-tax NPV6% of $287M and an IRR of 25%. Cuprum aims to further delineate open pit resources and evaluate a larger bulk tonnage scenario for the project.

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Orecap Invest Corp. (TSXV: OCI, OTCQB: ORFDF) updates on Cuprum Corp.'s Thierry Copper Project, the largest copper resource in Ontario. Cuprum owns 100% of the project and recently raised $1.2M through financing rounds at 12 and 15 cents per share. Orecap holds 29.5 million shares in Cuprum, valuing its investment at $3.54 million.

Technical progress includes assays commissioned for five drill holes from the Summer 2023 program, with results for two holes already indicating significant copper mineralization. Cuprum has completed an updated NI 43-101 technical report and is validating historical data for future development.

The Thierry project boasts a 2021 NI 43-101 compliant resource and a 2022 PEA outlining a 14-year mine life, a $287M after-tax NPV, and a 25% IRR. Cuprum plans to further delineate resources, aiming for a bulk tonnage scenario. Cuprum has also applied for a grant that could match up to $200,000 of exploration costs.

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Orecap Invest Corp. (TSXV: OCI) has received conditional acceptance from the TSX Venture Exchange for a Normal Course Issuer Bid to repurchase up to 23,316,772 common shares, aiming to create shareholder value by leveraging the perceived undervaluation of its shares. The repurchase program will run from April 2, 2024, to April 1, 2025, with Beacon Securities acting as the agent for the NCIB.
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Orecap Invest Corp. (TSXV: OCI) reports exceptional assay results at Awale Resources Odienné Project, with 45.7 g/t gold over 32m from a new breccia pipe. The mineralization is consistently high grade, making it one of the highest-grade gold intersections in Africa. A follow-up drill program of 25,000 meters is planned for 2024. Orecap owns 8.3M shares and 4.2M warrants of Awale.
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FAQ

What is the current stock price of ORECAP INVEST (ORFDF)?

The current stock price of ORECAP INVEST (ORFDF) is $0.0425 as of December 24, 2024.

What is the market cap of ORECAP INVEST (ORFDF)?

The market cap of ORECAP INVEST (ORFDF) is approximately 12.4M.

What is Orecap Invest Corp. known for?

Orecap Invest Corp. specializes in special situation investments in the natural resource sector, providing shareholders exposure to high returns in precious and critical metal assets and businesses.

What are Orecap's significant equity positions?

Orecap holds significant equity positions in portfolio companies such as American Eagle Gold, QC Copper and Gold, Mistango, Awale Resources, and Cuprum Corp.

What does Orecap's portfolio focus on?

Orecap's portfolio is centered on land packages dedicated to gold, copper, and zinc, offering shareholders diverse exposure to valuable resources in the natural resource sector.

ORECAP INVEST CORP

OTC:ORFDF

ORFDF Rankings

ORFDF Stock Data

12.37M
232.37M
6.19%
Gold
Basic Materials
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United States of America
Toronto