OROCO RESOURCE CORP ORD - ORRCF STOCK NEWS

Oroco Resource Corp. (TSXV: OCO; OTCQB: ORRCF) has filed a Preliminary Economic Assessment (PEA) technical report for its Santo Tomas Copper Project in Sinaloa, Mexico. The report, dated August 20, 2024, is now available on the company's website and SEDAR. The PEA results remain consistent with the previously announced findings on August 20, 2024.

Oroco has also announced a webinar scheduled for August 28th at 11:00 AM PDT to discuss the PEA results. CEO Richard Lock, Principal Geological Consultant Andrew Ware, and Corporate Finance representative Adam Smith will lead the discussion on the PEA and outline next steps for advancing the Santo Tomas porphyry project.

Oroco Resource has released a revised Preliminary Economic Assessment (PEA) and updated Mineral Resource Estimate (MRE) for its Santo Tomas Porphyry Copper Project in Mexico. The PEA, prepared by Ausenco Engineering, envisions a staged open pit mine reaching 120,000 tonnes per day production by year 8, over a 22.6-year life of mine.

Key highlights include a post-tax Net Present Value (NPV) of $1.48 billion, a 22.2% Internal Rate of Return (IRR), and total Life of Mine (LOM) payable copper production of 4,774 million pounds. Initial capital costs are estimated at $1.103 billion, with sustaining and expansion costs at $1.734 billion. C1 cash costs are projected at $1.54/lb Cu.

The MRE estimates 540.6 million tonnes of indicated resources with an average grade of 0.37% CuEq. The PEA details plans for a highly efficient use of capital, achieving a rapid post-tax payback of 3.8 years. The project is poised to be one of the most capital efficient large-scale, low-cost copper projects globally.

Oroco Resource Corp. has completed a brokered private placement, raising $6.3 million through the sale of 14,051,127 units at $0.45 per unit. Each unit includes one common share and one half of a common share purchase warrant, exercisable at $0.65 for 24 months. The offering was led by Red Cloud Securities Inc. and Canaccord Genuity Corp. Oroco paid a cash commission of $271,636.20 and issued 603,636 broker warrants, and 99,763 advisory warrants. Proceeds will fund the Santo Tomás Project in Mexico, working capital, and general corporate purposes. The units are immediately freely tradeable under Canadian law but are subject to a hold period until October 7, 2024, on the TSXV.

Oroco Resource Corp. grants 6,235,000 incentive stock options to directors, officers, employees, and consultants at an exercise price of $0.75 per share. The options will vest in 4 installments over 3 years, totaling 13,685,000 outstanding options, representing 6% of the currently issued shares.

Oroco Resource Corp. announces the successful closing of a non-brokered private placement, raising $1,028,000 through the sale of 2,570,000 units at $0.40 per unit. The Company exceeded its funding goal of five million dollars despite challenging market conditions, emphasizing the value of the Santo Tomas Project. Proceeds will be used to enhance the Preliminary Economic Assessment of the project and for property maintenance and corporate expenses.

Oroco Resource Corp. announced the successful completion of a non-brokered private placement, raising $1,454,302.80 through the sale of 3,635,757 units at a price of $0.40 per unit. The participation of ATM Mining Corp., a company controlled by the Executive Chairman, in the Private Placement is exempt from certain shareholder approval requirements. The Company plans to use the proceeds for working capital and corporate overhead.

Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) announces non-brokered private placement to raise up to $1,000,000 through the issuance of 2,500,000 units at $0.40 per unit. Proceeds for working capital and general corporate purposes.

Oroco Resource Corp. (TSXV: OCO; OTCQB: ORRCF, BF: OR6) has announced the filing of a Preliminary Economic Assessment (PEA) technical report for its Santo Tomas Project in Sinaloa, Mexico, prepared in accordance with National Instrument 43-101. The Report is available on the Company’s website and on SEDAR.

Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) has closed a non-brokered private placement, raising $2,691,940 through the sale of 6,729,850 units at $0.40 per unit. The financing will be used for working capital, corporate overhead, and exploration and development activities.