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Orogen Royalties ( (TSE:OGN) ) has shared an update.
Orogen Royalties announced a new purchase and sale agreement with K2 Gold Corporation, allowing K2 to acquire a 100% interest in the Si2 gold project in Nevada, USA. This agreement replaces a previous option agreement and grants Orogen a 2% net smelter return royalty, demonstrating potential for gold-bearing systems comparable to other large projects in the region and allowing K2 to advance exploration effectively despite market challenges.
More about Orogen Royalties
Orogen Royalties Inc. is a company operating in the mineral royalty industry, primarily focusing on acquiring and managing royalty interests in mineral properties. The company is involved in projects that explore and develop mineral resources, with a market focus on gold projects.
YTD Price Performance: 11.85%
Average Trading Volume: 149,411
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$302.5M
Learn more about OGN stock on TipRanks’ Stock Analysis page.
