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 (OTCQB: ORFDF; TSXV: OCI) issues frequent updates on its activities as an investment issuer in the natural resource sector. Its news flow centers on portfolio transactions, technical milestones on key projects and corporate structuring designed to create additional investment vehicles.
Recent announcements highlight Orecap’s focus on the Kirkland Lake and Larder Lake gold district, including consolidation and optioning of the McGarry Project in Virginiatown, Ontario. News releases describe McGarry as a strategic asset with underground infrastructure, historical resources and proximity to well-known deposits, and outline option agreements that allow partners to earn interests through work commitments and cash payments while Orecap retains a significant stake.
Orecap’s news also covers transactions that convert direct project ownership into equity positions. Examples include the definitive agreement to sell its 100%-owned Mirado property to Kirkland Lake Discoveries Corp. in exchange for a 19.9% shareholding, and the acquisition of a 19.9% interest in Kintavar Exploration through an asset purchase agreement involving the Roger Project. These updates explain how such deals align with Orecap’s stated strategy of holding material equity positions in exploration and development companies.
In addition, Orecap reports on the performance and plans of its portfolio companies, such as drilling programs, resource updates and strategic investments received by Awale Resources, American Eagle Gold, XXIX Metal and Mistango River Resources. Corporate news includes the completion of a plan of arrangement to spin out three subsidiaries as unlisted reporting issuers and the filing of updated NI 43-101 technical reports on projects like McGarry, Mirado and Knight. Investors following ORFDF news can use these releases to track how Orecap reallocates capital, structures partnerships and advances its exposure to gold, copper and zinc projects.
Orecap Invest Corp. (OTCQB: ORFDF) has completed its acquisition of a 19.9% stake in Kintavar Exploration through an asset purchase agreement involving the Roger project in Quebec's Chibougamau mining district. The strategic investment positions Orecap and XXIX as cornerstone investors with a combined 39.9% ownership in Kintavar.
The Roger project features a historical indicated resource of 10.9Mt at 0.85 g/t gold (333,000 oz gold equivalent) and an inferred resource of 6.569Mt at 0.75 g/t gold (202,000 oz gold equivalent). Kintavar, now led by Peter Cashin and supported by the Ore Group, has $4.2M in cash and receivables and controls 17 Quebec projects.
Additionally, Orecap will hold its AGM on September 17, 2025, seeking approval to spin out three new subsidiaries as part of its strategy to create additional shareholder value.
Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) has announced a significant corporate restructuring through an arrangement agreement with three newly-incorporated subsidiaries: 1540529 B.C. Ltd., 1540538 B.C. Ltd., and 1540542 B.C. Ltd. The agreement, effective July 28, 2025, involves a spinout of these subsidiaries to existing shareholders.
Under the arrangement, shareholders will retain their Orecap shares and receive pro rata shares in each of the three new companies. Each subsidiary holds a Free Miner Certificate for mineral titles in British Columbia. The transaction, expected to close in September 2025, requires two-thirds shareholder approval at the September 17, 2025 meeting, along with regulatory and court approvals.
Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) provided updates on its portfolio companies, highlighting significant developments across multiple mining ventures. Awale Resources secured a strategic $8.26M investment from Fortuna Mining and reported exceptional drilling results, including 16.4 g/t gold over 52 metres at the Charger Target. American Eagle Gold received an additional C$820K investment from South32 and launched a 30,000-metre drill program at NAK.
XXIX Metal announced an updated mineral resource estimate at Opemiska, reporting 1,438 Mlbs CuEq indicated and 709 Mlbs CuEq inferred resources. Mistango River Resources expanded its Omega property by 60% through the McVittie property acquisition. Additionally, Orecap's acquisition of a 19.9% stake in Kintavar Exploration is pending closure, involving an exchange for 50% of the Roger Gold Project.
Orecap Invest has announced plans to spin out its gold exploration assets in the Kirkland Lake area into new subsidiary companies. The company's key assets include:
- McGarry Project: Contains 123,000 oz indicated and 30,000 oz inferred gold resources, located along the Cadillac Break
- Mirado Project: PEA-stage asset with 46,900 oz indicated and 32,700 oz inferred gold resources, showing 158% IRR
- Knight Project: Adjacent to Aris Mining's Juby Gold Project, featuring high-grade gold intersections
The spin-outs aim to unlock value for shareholders, as Orecap currently trades at book value of its equity portfolio with minimal value attributed to its gold assets. The company has a proven track record of successful spin-outs, including American Eagle Gold, XXIX Metal, and investments in Mistango River Resources, Awale Resources, and others. The new subsidiaries will initially remain private but structured for future public listing.
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) has entered into an agreement to acquire a 19.9% stake in Kintavar Exploration through a strategic transaction involving the Roger Gold Project. The deal involves Orecap reallocating a portion of its XXIX Metal Corp shares to acquire 50% of the Roger Project from SOQUEM, which will then be sold to Kintavar.
The Roger Project, located in Quebec's Chibougamau mining district, contains 333,000 ounces of gold-equivalent in Indicated Resources and 202,000 ounces in Inferred Resources. Kintavar, which will be well-capitalized with over $3.6 million in cash post-transaction, owns 17 projects throughout Quebec, including partnerships with IAMGOLD.
The transaction is expected to close in June 2025, subject to regulatory approvals and other conditions. Upon completion, both Orecap and XXIX will each own approximately 19.97% of Kintavar's outstanding shares.
Orecap Invest Corp (TSXV: OCI, OTCQB: ORFDF) announced that two of its portfolio companies, American Eagle Gold Corp (TSXV: AE) and Awale Resources (TSXV: ARIC), have been named to the 2025 TSX Venture Top 50 list. This prestigious ranking recognizes the top-performing companies on the TSX Venture Exchange based on three equally weighted criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.
Orecap's current equity portfolio includes significant holdings in five companies:
- American Eagle Gold: 11,783,748 shares (6.9%)
- Awale Resources: 7,389,833 shares plus 4,166,666 warrants (8.5%)
- Metal Energy: 5,125,000 shares plus 2,562,500 warrants (3.6%)
- Mistango River Resources: 24,708,975 shares (13.9%)
- XXIX Metal Corp: 39,096,852 shares (15.1%)
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) has announced plans to evaluate and reprocess historic tailings from the Kerr-Addison mine in Virginiatown, Ontario. The company owns approximately 36 million tonnes of tailings from the historic mine, which previously produced 11 million ounces of gold at 9 g/t.
The initiative is supported by Ontario's new mining regulations, effective July 1, 2025, which simplify permitting for mine waste reprocessing projects. While definitive grades are not yet established, historical inefficiencies in metallurgical recoveries from the 1930s-1990s suggest potential residual gold content. Neighboring operation Gold Candle's studies show gold recoveries ranging from 70.2% to 92.5% on similar mineralization.
Orecap plans to pursue a joint venture/profit-sharing model, partnering with industry experts in tailings reprocessing and metallurgy to minimize exposure while leveraging third-party expertise.
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.
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.
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.