leadf
logo-loader
viewOrogen Royalties Inc.

Orogen Royalties commences trading on TSX Venture Exchange after merger of Evrim Resources and Renaissance Gold

Strategic royalty acquisition will be supported by Orogen's industry knowledge coupled with geological expertise related to projects and critical types of deposit

Royalties
Orogen CEO, Paddy Nicol commented: "Creating royalties organically through joint ventures and alliances represents the most elegant form of royalty creation”

Orogen Royalties Inc. (CVE:OGN) shares commenced trading on Thursday on the TSX Venture Exchange under the symbol OGN after the merger of Evrim Resources Corp. (CVEEVM) and Renaissance Gold Corp. (CVE:REN) completed on August 18, 2020.

READ: Renaissance Gold and Evrim Resources finalize merger to create Orogen Royalties

Orogen said its mission is to create and acquire precious metal royalties using its strengths as a prospect generator as well as established business relationships across the mining industry. Organic royalty creation will be driven by existing joint ventures and alliances, and through generative exploration that leads to new opportunities to create value for Orogen's shareholders and its exploration partners – a hallmark of Evrim and Renaissance that has existed for over a decade.

Strategic royalty acquisition will be supported by Orogen's industry knowledge coupled with geological expertise related to projects and critical types of deposit, it added.

Underpinning Orogen's strategic royalty focus are two organically created cornerstone assets: a 2% net smelter return royalty (NSR) on the Ermitaño West gold-silver deposit in Sonora, Mexico where production by First Majestic Silver Corp. is slated to begin in 2021, and a 1% NSR on the Silicon gold property in the Bare Mountain district of Nevada, USA, that is currently being explored by AngloGold Ashanti, NA.

In addition, the company has eight early-stage royalty assets in Mexico, Nevada, and Argentina and a broad portfolio of exploration projects in Canada, USA, and Mexico.

In a statement, Orogen CEO, Paddy Nicol commented: "Creating royalties organically through joint ventures and alliances represents the most elegant form of royalty creation.”

"Our intellectual investment into these projects is high while our cash outlay remains modest, and exploration success can lead to highly rewarding valuation events for our shareholders. The business relationships that have been forged by Evrim and Renaissance allow Orogen to be strategic and guided in its efforts to acquire royalties from mining companies and other entities," he added.

Orogen Royalties is building on the history of both Evrim and Renaissance, but with a renewed focus on organic royalty creation and royalty acquisition. The company is well financed with several project under active joint ventures and alliances.

Contact the author at [email protected]

Quick facts: Orogen Royalties Inc.

Price: 0.31 CAD

TSX-V:OGN
Market: TSX-V
Market Cap: $52.88 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Orogen Royalties Inc. named herein, including the promotion by the Company of Orogen Royalties Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Great Western Mining Corp goal 'to produce gold and silver by year end'

Great Western Mining Corp's (LON:GWMO) Brian Hall talks to Proactive London about their now concentrated gold and silver mining projects in Nevada. Hall talks about their near term goals of producing gold and silver by the end of this year before they begin a 'longer term project for...

11 hours, 45 minutes ago

2 min read