Origen Resources Expands Lithium Exploration at Los Sapitos

An announcement from Origen Resources, Inc. ( (TSE:ORGN) ) is now available.

Origen Resources Inc. has successfully expanded its lithium exploration target area by 3 square kilometers at the Los Sapitos project in Argentina. The exploration program identified new clay and brine targets, indicating a greater scale and complexity of the basin than previously recognized. The company plans to conduct a geophysical program to further explore these areas and guide future drilling. Additionally, Origen will explore its high-grade gold Wishbone project in British Columbia, with funding planned through asset divestitures and private placements. The company also announced that it will not proceed with a transaction with Integra Capital Business SA, although discussions continue for potential mutual benefits.

Spark’s Take on TSE:ORGN Stock

According to Spark, TipRanks’ AI Analyst, TSE:ORGN is a Underperform.

Origen Resources, Inc. has a weak overall stock score due to significant financial challenges, including operational losses and lack of revenue. Technical indicators show underperformance, and valuation metrics highlight profitability issues. However, recent corporate activity in lithium exploration offers a positive outlook for potential resource expansion.

To see Spark’s full report on TSE:ORGN stock, click here.

More about Origen Resources, Inc.

Origen Resources Inc. is focused on its 100% interest in the Los Sapitos Lithium project in Argentina and the Wishbone gold-silver project in British Columbia’s Golden Triangle. The company also holds a portfolio of three precious and base metal projects in southern British Columbia.

YTD Price Performance: -33.33%

Average Trading Volume: 67,897

Technical Sentiment Signal: Buy

Current Market Cap: C$1.83M

For an in-depth examination of ORGN stock, go to TipRanks’ Stock Analysis page.