Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Orogen Royalties Participates in BHP’s 2025 Xplor Accelerator Program
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Orogen Royalties Participates in BHP’s 2025 Xplor Accelerator Program
Vancouver, B.C. January 6, 2025 (TSX.V:OGN) (OTCQX:OGNRF) Orogen Royalties Inc. (“Orogen” or the “Company”)
is pleased to announce the Company has been selected to participate in the BHP 2025 Xplor program for generative
exploration in western North America.
Program Highlights
• Orogen is one of eight exploration companies selected by BHP from hundreds of applicants to participate in the
2025 BHP Xplor program
• The transaction provides Orogen entry into a new area for generative exploration while gaining access to
BHP’s global expertise, networks and partnerships
• BHP will gain exposure to Orogen’s talented exploration team with a track record of exploration discovery in
western North America
• Orogen will receive a one-off, non-dilutive grant of approximately US$500,000 and in-kind services with BHP
and other industry experts and investors
• Funding will enable both parties to jointly build out geological concepts and design programs to accelerate
exploration
Orogen’s CEO, Paddy Nicol commented, “BHP’s participation in our generative programs is an exciting opportunity
for Orogen and a strong endorsement of our exploration team. We have always sought to operate as a concept-
based and data-driven explorer, and it is pleasing to be recognised for our approach by BHP. We look forward to
working with BHP Xplor team on this exciting initiative.”
BHP’s Head of Xplor, Marley Palin congratulated Orogen, saying: “The field of applicants for BHP Xplor was
extremely strong this year. Successful applicants had to demonstrate not only that their critical-mineral projects
were highly prospective but also that they were committed to pushing industry boundaries in their geological
concepts and data-gathering, testing and processing to realise the project. Orogen more than met these criteria
and we look forward to partnering with them.”
About the BHP Xplor Program
The Xplor program was established in 2023 to support promising minerals explorers to accelerate the exploration
needed to support the energy transition. Over a six-month program period, BHP Xplor targets development of
technical, business and operational excellence within participating companies. It is expected Orogen’s participation
in Xplor will expedite the build-out of geological concepts and the exploration timeframe.
About Orogen Royalties Inc.
Orogen Royalties Inc. is focused on organic royalty creation and royalty acquisitions on precious and base metal
discoveries in western North America. The Company’s royalty portfolio includes the Ermitaño gold and silver mine
in Sonora, Mexico (2% NSR royalty) being mined by First Majestic Silver Corp. and the Expanded Silicon gold project
(1% NSR royalty) in Nevada, USA, being advanced by AngloGold Ashanti NA. The Company is well financed with
several projects actively being explored under joint ventures.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco
LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 – 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of
historical facts, that address events or developments that Orogen Royalties Inc. (the "Compan y“) expect to occur, are forward looking statements. Forward
looking statements are statements that are not historical facts and are generally, but not always, identified by the words "e xpects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in the forward looking statements. Fact ors that could cause the actual
results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of
capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID -19 may impact the Company’s business
will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business
closures or business disruptions, and the effectiveness of actions taken in Canada and other countries to contain and treat the disease. Although it is not possible
to reliably estimate the length or severity of these developments and their financial impact as of the date of approval of these condensed interim consolidated
financial statements, continuation of the prevailing conditions could have a significant adverse impact on the Company's fina ncial position and results of
operations for future periods.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those
projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on
the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in
the event that management's beliefs, estimates or opinions, or other factors, should change.