Origen Provides Update on 2025 Exploration Plans and Announces Financing
Origen Resources (CSE: ORGN) has outlined its 2025 exploration plans and announced a new financing initiative. The company plans geophysical programs at Los Sapitos and a Lidar survey at Wishbone, where previous sampling yielded significant results including 164.7 ppm gold and 14.6% Copper from boulder samples.
The company is launching a non-brokered private placement to raise up to $750,000 through the issuance of 15 million units at $0.05 per unit. Each unit includes one share and one warrant exercisable at $0.075 for 18 months. The proceeds will support working capital and exploration activities.
Origen Resources (CSE: ORGN) ha illustrato i suoi piani di esplorazione per il 2025 e ha annunciato una nuova iniziativa di finanziamento. La società prevede programmi geofisici a Los Sapitos e un'indagine Lidar a Wishbone, dove precedenti campionamenti hanno prodotto risultati significativi, tra cui 164,7 ppm di oro e 14,6% di rame da campioni di massi.
La società lancerà un private placement non intermediato per raccogliere fino a 750.000 dollari attraverso l'emissione di 15 milioni di unità a 0,05 dollari per unità . Ogni unità comprende una azione e un warrant esercitabile a 0,075 dollari per 18 mesi. I proventi sosterranno il capitale circolante e le attività di esplorazione.
Origen Resources (CSE: ORGN) ha presentado sus planes de exploración para 2025 y ha anunciado una nueva iniciativa de financiamiento. La compañÃa planea realizar programas geofÃsicos en Los Sapitos y una encuesta Lidar en Wishbone, donde muestreos anteriores arrojaron resultados significativos, incluyendo 164,7 ppm de oro y 14,6% de cobre en muestras de bloques.
La empresa lanzará una colocación privada sin intermediarios para recaudar hasta $750,000 mediante la emisión de 15 millones de unidades a $0.05 por unidad. Cada unidad incluye una acción y un warrant ejercitable a $0.075 durante 18 meses. Los fondos se destinarán a capital de trabajo y actividades de exploración.
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Origen Resources (CSE : ORGN) a présenté ses plans d'exploration pour 2025 et annoncé une nouvelle initiative de financement. La société prévoit des programmes géophysiques à Los Sapitos et une enquête Lidar à Wishbone, où des échantillonnages précédents ont donné des résultats significatifs, notamment 164,7 ppm d'or et 14,6 % de cuivre à partir d'échantillons de blocs.
L'entreprise lance un placement privé sans intermédiaire visant à lever jusqu'à 750 000 $ par l'émission de 15 millions d'unités à 0,05 $ l'unité. Chaque unité comprend une action et un warrant exerçable à 0,075 $ pendant 18 mois. Les fonds serviront à financer le fonds de roulement et les activités d'exploration.
Origen Resources (CSE: ORGN) hat seine Erkundungspläne für 2025 vorgestellt und eine neue Finanzierungsinitiative angekündigt. Das Unternehmen plant geophysikalische Programme bei Los Sapitos und eine Lidar-Untersuchung bei Wishbone, wo frühere Proben bedeutende Ergebnisse zeigten, darunter 164,7 ppm Gold und 14,6% Kupfer aus Felsproben.
Das Unternehmen startet eine nicht vermittelte Privatplatzierung, um bis zu 750.000 USD durch die Ausgabe von 15 Millionen Einheiten zu je 0,05 USD pro Einheit zu beschaffen. Jede Einheit umfasst eine Aktie und einen Warrant, der für 18 Monate zum Preis von 0,075 USD ausgeübt werden kann. Die Erlöse dienen der Unterstützung des Betriebskapitals und der Erkundungsaktivitäten.
- Previous sampling at Wishbone showed promising results with 11 of 37 samples returning >1 ppm gold
- Company has successfully monetized 5 generated projects in its corporate history
- Active project generation strategy focusing on critical metals and REE projects in Europe and Americas
- Planned financing at $0.05 per unit represents potential dilution for existing shareholders
- Grab samples are selective and may not be representative of overall mineralization
- Additional investigation and site visits required to confirm merit of potential acquisitions
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company") is pleased to provide the following update on its exploration plans for 2025 across its diverse portfolio of precious, base and battery metal projects.
Exploration Plans for 2025
- Los Sapitos
Origen is planning to follow up on its successful exploration program at Los Sapitos with a geophysical program over the newly identified areas of interest recently announced. This program will help delineate the basin configuration and guide future drilling.
- Wishbone
The Company intends to complete a Lidar survey over the property that will aid in defining drill targets. Origen's team will also be following up on last years successful program that yielded gold at the new 'Lake' showing with a boulder sample returning 164.7 ppm gold1. Of the 37 samples collected last year, 11 returned greater than 1 ppm gold and 26 greater than 0.1 ppm gold. A boulder containing Chalcopyrite returning
1Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of mineralization, and are not intended to provide nor should be construed as a representative indication of grade or mineralization at the Wishbone Project.
- Project Generation
Origen's team has been working on identifying critical metals and REE projects within Europe and the Americas. Several potential acquisitions have been identified to-date and will require additional investigation and site visits this year to confirm their merit.
"Project generation is the key to the Company's future success and a cornerstone of our business plan. We have successfully been able monetise 5 of our generated projects over our short corporate existence. Our strength is new project generation and we intend to capitalise on this to build shareholder value moving forward," states Gary Schellenberg, CEO.
Financing
The Company intends to undertake a non-brokered private placement financing for aggregate gross proceeds of up to
All securities issued in connection with the Offering will be issued pursuant to one or more prospectus exemptions available to the Company and will be subject to a statutory hold period of four months and one day from the date of issuance as required under applicable securities laws. Closing of the Offering will be subject to customary closing conditions that include applicable CSE filings and approvals. The net proceeds of the Offering will be used for general working capital and exploration expenditures.
The Company may pay finder's fees in connection with the Offering to eligible arm's length finders in accordance with CSE policies and applicable securities laws.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Origen
Origen is fully focused on its
Thomas Hawkins, P.Geo., a director of the Company and a Qualified Person as that term is defined in NI 43-101 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.
On behalf of Origen,
Gary Schellenberg
CEO and Director
For further information, please contact [email protected].
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular, references to project generation and possible results thereof, and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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