Orogen Royalties Establishes Royalty on Ecru Gold Project

Orogen Royalties Inc. has announced a significant agreement with Quebec Nickel Corp. for the Ecru gold project in Nevada. Under this agreement, Quebec Nickel can secure a full interest in the Ecru project by providing Orogen with $540,000 in cash and shares. This transaction is subject to regulatory approval by the Canadian Securities Exchange and involves paying $250,000 in cash, with $25,000 already paid, and issuing 1,000,000 shares of Quebec Nickel at $0.165 each.

Additionally, within six months, Quebec Nickel will issue Orogen $125,000 worth of shares, based on the 10-day volume-weighted average price of Quebec Nickel's shares. A key aspect of this agreement is a 2% net smelter return royalty for Orogen, which is non-retractable. The acquisition is anticipated to conclude in the coming 30 days.

The Ecru project is strategically positioned in the Cortez trend, with potential for Carlin and Robertson-style mineralization. Quebec Nickel aims to explore these possibilities. Orogen’s CEO, Paddy Nicol, expressed optimism about Quebec Nickel’s progress at Ecru.