- Orogen Royalties (TSXV:OGN) successfully re-lists on the TSX Venture Exchange after a strategic arrangement with Triple Flag Precious Metals Corp.
- Triple Flag completes a $10 million private placement, securing 6,756,757 shares at $1.48 per share, leading to an 11.4% stake in Orogen.
- Orogen holds a robust financial position with $17 million in cash, zero debt, and sustained profitability since 2021.
Orogen Royalties Inc. (TSXV:OGN) has re-listed on the TSX Venture Exchange following a completed plan of arrangement with Triple Flag Precious Metals Corp. As part of this strategic move, Triple Flag has invested $10 million through a private placement, acquiring 6,756,757 shares at $1.48 per share, resulting in an 11.4% ownership in the company.
Orogen is financially well-positioned, with approximately $17 million in cash and no debt, maintaining profitability since 2021. The company boasts a strong shareholder base, including significant stakes held by Altius Minerals (16.4%), Adrian Day Asset Management and EuroPac Gold Fund (12.3%), and other institutional shareholders (17.0%).
The company's flagship asset, a 2% net smelter return (NSR) royalty on the Ermitaño gold-silver mine in Sonora, Mexico, continues to generate consistent cash flow. In 2024, the mine produced 103,540 ounces of gold and 1.51 million ounces of silver.
Orogen's portfolio includes 28 royalties, and the company expects over $40 million in partner-funded exploration activities in 2025. This includes nine drilling programs and additional projects such as the La Rica porphyry copper-gold project in Colombia and the HWY 37 porphyry copper-gold project in British Columbia.
Orogen continues to leverage its expertise as a prospect generator to create high-quality exploration opportunities, enhancing shareholder value through strategic royalty acquisition and organic royalty generation.
