Orex Minerals is pleased to announce that "Exploraciones y Desarrollos Mineros Coneto, SAPI de CV", a JV company held by Fresnillo plc for 61.21% and Orex for 38.79%, has completed the Phase-VI diamond drilling program of 2,000.8 m in 8 holes on the Coneto Gold-Silver Project. The Loma Verde target area was the focus for Phase-VI drilling. Results include hole BCO-85 yielding a core length of 15.00 m grading Au 0.75 g/t [...]
Orex Minerals Inc. is pleased to announce the completion of the Company's warrant exercise incentive program previously announced on October 7 and extended on November 1, 2024 raising approximately $1.2 million. A total of 6,366,282 common shares in the capital of the Company were issued upon the exercise of 6,366,282 outstanding share purchase warrants permitted to participate under the Incentive Program, providing gross [...]
Orex Minerals Inc. is pleased to announce the appointment of John Eren as Chief Executive Officer and member of the Board of Directors effective immediately. The Company is also pleased to announce the appointment of Chris Beltgens as a member of the Board effective immediately. John Eren is a corporate development executive with 20 years of experience financing premier resource companies and has been instrumental in the [...]
Orex Minerals Inc. announces that the Board has received the resignation of David Gunning. His extensive background and senior level experience enabled the Company to continue with its strategic plan and growth during his tenure. Management wishes to thank Mr. Gunning for his years of service. The Company is also pleased to announce the appointment of Adam Cegielski as Independent Chair of the Company's Board of Directors [...]
Orex Minerals is pleased to announce the signing of an Option Agreement with Exploraciones El Cairo to acquire 100% of the Valenciana Gold-Silver Project. The Valenciana Property hosts high-grade epithermal gold and silver veins, with base metals of lead and zinc, in Cretaceous sedimentary units and Tertiary rhyolitic and monzonitic intrusive rocks. It is located on the Mesa Central within the prolific "Silver Trend" of [...]
Orex Minerals announces that it has closed its non-brokered private placement in only one tranche as previously announced on Nov 28, 2023. As announced on December 20, 2023, the Company previously issued 1,225,000 units at a price of $0.15 per Unit for aggregate gross proceeds of $183,750 under the Offering. The issuance of Units to Ben Whiting, President and CEO of the Company, under the First Tranche is considered to be [...]
Orex Minerals is pleased to announce that it has closed the first tranche of its $1 million private placement announced on Nov 28, 2023, issuing 1,225,000 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds of $183,750. Each Unit consists of one common share and one warrant. Each Warrant entitles the holder thereof to acquire one Share at the price of $0.25 per Share until December 20, 2025. The [...]
Orex Minerals is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $1,000,000 from the sale of up to 6,666,667 units at a price of $0.15 per Unit, each Unit consisting of one common share of the Company and one warrant. Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $0.25 per Share for a [...]
Orex Minerals is pleased to announce the signing of a non-binding Letter of Intent with Exploraciones El Cairo to acquire 100% of the Valenciana Gold-Silver Project. The Valenciana Property hosts high-grade epithermal gold and silver veins, with base metals of lead and zinc, in Cretaceous sedimentary units and Tertiary rhyolitic and monzonitic intrusive rocks. It is located on the Mesa Central within the prolific "Silver [...]
This press release corrects the day of the week on which the shares are expected to commence trading from the press release issued September 22, 2023 at 3:10 p.m. PT. No other changes were necessary. The complete, corrected release follows: OREX ANNOUNCES SHARE CONSOLIDATION Orex Minerals Inc. today announced that, effective September 27, 2023, the Company will consolidate its issued and outstanding common shares at a [...]
Orex Minerals announced that, effective Sept 27, 2023, the Company will consolidate its issued and outstanding common shares at a ratio of ten pre-consolidation Shares to one post-consolidation share. The reasons for the Consolidation are to increase the Company's flexibility and competitiveness in the marketplace and to attract new equity investment in the Company. The Shares are expected to commence trading on a [...]
Orex Minerals is pleased to announce that hyperspectral alteration studies are now underway on the Coneto Gold-Silver Project. The Coneto Project is operated by Exploraciones y Desarrollos Mineros Coneto SAPI de CV, a joint venture between Orex Minerals Inc. and Fresnillo plc. Orex's President & CEO, Ben Whiting, P.Geo., said; "This is a positive step in the advancement of the Coneto Project. An understanding of the [...]