Orogen Royalties Inc (OGN)

Orogen Reports Strong Q1 2026 Results with 144% Growth in Net IncomeMay 26, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 26, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to report record revenue and after-tax profit for the three-month period ended March 31, 2026.Q1-2026 HighlightsAll figures are stated in Canadian dollars unless otherwise noted.Net Income from Operations: Net income was $4.4 million (2025 - $1.8 million) for the three-month period ended March 31, 2026, up 144% from Q1-2025. Including income tax expense, net comprehensive income was $3.5 million or $0.06 per share (2025 - $1.2 million), up 192% from Q1-2025.Royalty Revenue: Royalty revenue of $3.4 million (2025 - $2.1 million) was earned during Q1-2026 from 519 attributable gold equivalent ounces ("GEOs"), up 4% from 497 GEOs reported for Q1-2025, sold at average price of US$4,873 (2025 - US$2,860) per ounce.Prospect Generation: Revenue from prospect generation activities was $1.0 million (2025 - $0.5 million) in Q1-2026. After exploration expenses, net income from prospect generation activities was $0.9 million (2025 - $0.5 million), up 80% from Q1-2025.G&A Expenses: General and administrative expenses of $1.1 million (2025 - $1.7 million) were incurred in Q1-2026, down 35% compared to Q1-2025.Cash flow: Cash flow of $1.8 million (2025 - $1.2 million) was generated from operating activities in Q1-2026. Cash flow generated from operating activities, excluding changes in non-cash working capital, was $1.7 million (2025 - $1.1 million).Working Capital: The Company has working capital of $30.0 million at March 31, 2026, up from $26.3 million at the beginning of the fiscal year. The Company has no long-term debt."We are pleased with our strong start to 2026, building on the momentum established last year with continued growth across our business," said Paddy Nicol, President and CEO. "Net income from operations increased 144% to $4.4 million, supported by higher gold prices and steady production from the Ermitaño mine. Our prospect generation model continued to perform strongly, delivering an 80% increase in net earnings and reinforcing its role as a core pillar of our strategy of organic royalty creation. At the same time, we maintained disciplined cost control, where G&A expenses were reduced by 35% year over year. We ended the quarter with $30 million in working capital, no debt, and strong operating cash flow, positioning us well to advance our portfolio and drive sustainable growth through 2026."For complete details of the Company's financial results, please refer to the condensed interim consolidated financial statements and MD&A for the three-month periods ended March 31, 2026 and 2025. The Company's filings are available on SEDAR+ at www.sedarplus.ca and on Orogen's website at www.orogenroyalties.com. Please also see non-IFRS Measures at the end of this news release.Summary of ResultsConsolidated Statement of Income and Comprehensive Income Unaudited - Three-Month Periods Ended March 31,
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2026 2025 Income from Royalties $3,411 $2,068 Income from Prospect Generation activities 892 536 Interest income 84 261 Total income 4,387 2,865 G&A 1,092 1,706 Operating income before other adjustments $3,295 $1,159 Other income 880 20 Gain on marketable securities fair value adjustment 200 599 Net income before current tax $4,375 $1,778 Income tax expense 860 600 Net income and comprehensive income $3,515 $1,178 Basic income per share1 $0.06 $- Diluted income per share1 $0.06 $-
Non-IFRS and Other Measures GEOs 519 497 Average realized gold price per GEOUS$ 4,873 US$ 2,860 Cash flow from operating activities, excluding changes in non-cash working capital $1,739 $1,080 Royalty Revenue - Ermitaño Royalty, Sonora, MexicoThe Ermitaño Mine forms part of First Majestic's Santa Elena mine complex, which includes both the Santa Elena and Ermitaño operations. The Company's royalty area of interest applies solely to the Ermitaño concessions.For the three-month period ended March 31, 2026, the Company recorded $3.4 million (2025 - $2.1 million) in royalty revenue generated from the Ermitaño mine. This represents 519 GEOs (2025 - 497 GEOs), a 5% reduction from last quarter and a 4% increase from 2025, based on an average price of US$4,873 (2025 - US$2,860) per ounce.Production in Q1-2026 included 284,236 tonnes of ore were processed, representing a 5% increase compared to Q1-2025. The average silver and gold head grades were lower during the current quarter with 61 grams per tonne ("g/t") and 2.43 g/t, respectively, compared 58 g/t and 2.59 g/t in Q1-2025. These results are consistent with the First Majestic's mine plan. During the quarter, silver and gold recoveries were 64% and 95%, respectively, compared to 68% and 95% in Q1-2025.General and Administrative ExpensesGeneral and administrative expenses totaled $1.1 million in Q1-2026, representing a 35% decrease compared to Q1-2025. This reduction was primarily driven by a 31% decline in salary expenses, along with an unrealized foreign exchange gain in the current quarter resulting from the strengthening of the U.S. dollar against the Canadian dollar, which increased the value of the Company's U.S. dollar-denominated cash holdings.Qualified Person StatementAll technical data, as disclosed in this press release, has been reviewed and approved by Laurence Pryer, Ph.D., P.Geo., VP Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.Certain technical disclosure in this release is a summary of previously released third-party information and the Company is relying on the interpretation provided. Additional information can be found on the links in the footnotes.About Orogen Royalties Inc.Orogen Royalties 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 (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the Board
OROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of 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 1H2The Company was incorporated under the Business Corporations Act (British Columbia) on May 1, 2025, as a wholly owned subsidiary of Triple Flag Nevada Inc. (formerly Orogen Royalties Inc.) ("TFN") for the purpose of completing a plan of arrangement (the "Arrangement"). The Arrangement, pursuant to an agreement dated April 21, 2025, closed on July 9, 2025, at which time Triple Flag Precious Metals Corp. acquired all issued and outstanding common shares of TFN. In connection with the Arrangement, TFN reduced its stated capital to facilitate a special distribution, and the Company issued 52,603,071 common shares. As ownership remained unchanged before and after the Arrangement, the transaction is accounted for as a common control transaction. These financial statements present the carve-out financial information of the Company's prospect generation and royalty business from TFN up to July 9, 2025. Earnings per share information is not presented for periods prior to that date as no shares were outstanding and as such, the earnings per share for the three-month period ended March 31, 2025 is $Nil. Refer to the unaudited condensed interim consolidated financial statements and MD&A for the three-month periods ended March 31, 2026 and 2025 for additional information.Forward Looking InformationThis 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 "Company") 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 "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.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.Forward-looking statements are based on several material assumptions, which management of the Company believe to be reasonable, including, but not limited to, the continuation of mining operations in respect of which the Company will receive NSR royalty payments, that the commodity prices will not experience a material adverse change, mining operations that underlie the royalty will operate in accordance with the disclosed parameters and other assumptions may be set out herein.Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's royalty or other interest. Orogen's royalty or other interests may cover less than 100% of a specific mining property and may only apply to a portion of the publicly reported mineral reserves, mineral resources and or production from a mining property.Non-IFRS MeasuresThe Company has included certain results in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including total GEOs sold, average realized gold price per GEO, and cash flow from operating activities excluding changes in non-cash working capital adjustments. The Company's royalty revenue is converted to a gold equivalent ounce by dividing the royalty revenue received during the period by the average gold price of the period. The Company has also used the non-IFRS measure of operating cash flows excluding changes in non-cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non-cash working capital to or from cash provided by (used in) operating activities.SOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Reports Strong Q1 2026 Results with 144% Growth in Net Income

Orogen Royalties Reports Record Revenue and Strong Earnings Growth in 2025April 28, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / April 28, 2026 / (TSX:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to report record revenue and after-tax profit for the year ended December 31, 2025.Fiscal 2025 Year End HighlightsAll figures are stated in Canadian dollars unless otherwise noted.Net Income from Operations: Net income was $7.1 million (2024 - $4.3 million) for the year ended December 31, 2025, up 65% from 2024. Including income tax expense, net comprehensive income was $4.6 million or $0.16 per share (2024 - $2.6 million), up 77% from 2024.Royalty Revenue: Royalty revenue of $9.6 million (2024 - $7.9 million) was earned in 2025 from 1,958 attributable gold equivalent ounces ("GEOs"), down 16% from 2,343 GEOs in 2024, sold at average price of US$3,516 (2024 - US$2,420) per ounce.Prospect Generation: Revenue from prospect generation activities was $3.0 million (2024 - $1.4 million) in 2025. After exploration expenses and impairment deductions, net income from prospect generation activities was $2.1 million (2024 - $0.6 million), up 250% from 2024.G&A Expenses: General and administrative expenses of $6.7 million (2024 - $3.7 million) were incurred in 2025, up 81% compared to 2024.Cash flow: Cash flow of $1.4 million (2024 - $3.1 million) was generated from operating activities in 2025. Cash flow generated from operating activities, excluding changes in non-cash working capital, was $1.7 million (2024 - $3.8 million), down 55% from 2024.Working Capital: The Company has working capital of $26.3 million at December 31, 2025 compared to $26.8 million at the beginning of the fiscal year. The Company has no long-term debt."We are pleased to deliver another strong year of financial performance in 2025, highlighted by record total revenue of $13.1 million, up 32% from 2024, and a 77% year-over-year increase in net income from operations," said Paddy Nicol, CEO of Orogen. "Our prospect generation model delivered outstanding results, more than tripling net income from these activities and reinforcing its role as a core pillar of our strategy, while strong gold prices supported royalty revenue despite lower production from the Ermitaño mine. The increase in general and administrative expenses in the year were largely driven by restructuring costs resulting from the $421 million transaction with Triple Flag Precious Metals, with underlying overhead remaining relatively consistent with prior years. We completed 2025 with approximately $26 million in working capital, no debt, and a strong balance sheet. Supported by an experienced management team and a robust pipeline of self-funded and alliance-based prospect-generation opportunities, we are well positioned to continue expanding our royalty portfolio and delivering sustainable financial performance in 2026."For complete details of the Company's financial results, please refer to the audited consolidated financial statements and MD&A for the years ended December 31, 2025, and 2024. The Company's filings are available on SEDAR+ at www.sedarplus.ca and on Orogen's website at www.orogenroyalties.com. Please also see non-IFRS Measures at the end of this news release. Summary of ResultsConsolidated Statement of Income and Comprehensive IncomeUnaudited - Three-Month Periods Ended December 31, Years EndedDecember 31,
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2025 2024 2025 2024 Income from Royalties $3,145 $2,423 $9,601 $7,928 Income (loss) from Prospect Generation activities 1,965 818 2,084 634 Interest income 83 212 458 578 Total income 5,193 3,453 12,143 9,140 G&A 1,889 452 6,689 3,744 Operating income before other adjustments $3,304 $3,001 $5,454 $5,396 Other income (loss) 21 (19) 313 (86)Gain (loss) on marketable securities fair value adjustment 89 (333) 1,301 (1,052)Net income before current tax $3,414 $2,649 $7,068 $4,258 Income tax expense 441 95 2,505 1,666 Net income and comprehensive income $2,973 $2,554 $4,563 $2,592 Basic income per share1 $0.05 $- $0.16 $- Diluted income per share1 $0.05 $- $0.15 $-
Non-IFRS and Other Measures GEOs 547 628 1,958 2,343 Average realized gold price per GEO US$4,135 US$2,663 US$ 3,516 US$2,420 Cash flow from operating activities, excluding changes in non-cash working capital $(1,538) $641 $1,686 $3,784 Royalty Revenue - Ermitaño Royalty, Sonora, MexicoThe Ermitaño Mine forms part of First Majestic's Santa Elena mine complex, which includes both the Santa Elena and Ermitaño operations. The Company's royalty area of interest applies solely to the Ermitaño concessions and does not extend to the Santa Elena Mine.For the year ended December 31, 2025, $9.6 million (2024 - $7.9 million) in royalty revenue was received consisting of 1,958 (2024 - 2,343) GEOs, down 16% compared to 2024. The royalty revenue is a record high for the Company since Ermitaño began production in late 2021. During the year, 1,101,613 tonnes (2024 - 1,012,523 tonnes) of ore were produced, up 9% from 2024. Silver and gold head grades averaged 62 grams per tonne ("g/t") and 2.65 g/t respectively, representing a 10% and 21% reduction, respectively, compared to 69 g/t and 3.36 g/t in the previous year. Silver and gold recoveries during the year averaged 65% and 94%, respectively, compared to 68% and 95% in the previous year.For the fourth quarter ended December 31, 2025, royalty revenue was $3.1 million (2024 - $2.4 million) up 29% from 2024 and 35% from the previous quarter. This represented 547 GEOs (2024 - 628 GEOs) based on an average price of US$4,135 (2024 - US$2,663) per ounce. In Q4, the mill processed 283,721 tonnes, up 4% year over year, at average head grades of 62 g/t silver and 2.91 g/t gold. Silver and gold grades were 7% and 11% lower, respectively, in line with the mine plan.The Ermitaño mine and Navidad deposits represent the most significant known gold and silver mineralization within Orogen's royalty area of interest on the Ermitaño concession and are characteristic of low-sulphidation, vein-hosted systems. Drilling at Ermitaño has outlined multiple veins, including a primary vein extending over 1.8 kilometres along strike and 550 metres down dip, with an eastern extension known as the Luna or Ermitaño East Complex. Since the announcement of an initial Inferred Resource for the Navidad vein in April 2025, the updated resource as at December 31, 2025, has grown substantially, with an 85% increase in contained gold and a 311% increase in contained silver compared to the initial estimate.According to First Majestic's 2026 guidance, approximately 78,000 metres of drilling is planned with a focus on continuing to drill test extensions of the Navidad deposit and testing several greenfield targets within a ten-kilometre radius of the current processing plant where a new geologic understanding of district geology has highlighted the presence of large areas with exploration upside2.Subsequent to the year ended December 31, 2025, First Majestic announced an updated Mineral Reserve and Resource3 estimate on the Ermitaño concessions. The mineral resource estimate outlines substantial growth across all categories, with Measured and Indicated Resources totaling 7.13 million tonnes containing 380,000 ounces of gold at 1.67 g/t and 8.9 million ounces of silver at 39 g/t, alongside Inferred Resources of 11.52 million tonnes containing 670,000 ounces of gold at 1.80 g/t and 24.2 million ounces of silver at 65 g/t. Year over year, Measured and Indicated Resources increased by 26% for gold and 42% for silver, while Inferred Resources rose by 63% for gold and 133% for silver. These increases were driven primarily by lower cutoff grades reflecting updated metal price assumptions, successful infill drilling that upgraded Inferred material to higher confidence categories, and continued expansion of the Navidad vein system. Ermitaño Reserves and Resources at Dec 31, 20254,5
Tonnage
(k) Ag
(g/t) Au
(g/t) AgKoz Au
KozReserve




Proven (UG-ERM) 680 59 2.29 1,290 50Proven (Stockpile-ERM) 240 46 1.74 350 10Probable (UG-Erm) 3390 29 1.16 3,150 130Total Reserves 4,310 35 1.37 4,790 190
Resource (Inclusive of Reserves) Measured 1,440 54 2.40 2,490 110Indicated 5,690 35 1.49 6,390 270Total M&I 7,130 39 1.67 8,880 380Inferred Ermitaño 5,100 35 1.28 5,780 210Inferred Navidad 6,420 89 2.21 18,410 460Total Inferred 11,520 65 1.80 24,190 670Prospect GenerationIn 2025, five new royalties were created and $3.0 million (2024 -$1.4 million) of revenue was generated from prospect generation operations from project sales and option agreements. The Company incurred $0.8 million (2024 - $0.6 million) in exploration expenses from prospect generation operations. The Company also recorded an impairment of $0.1 million (2024 - $0.1 million) for mineral properties that were abandoned during the year.To date, the Company has 34 royalties in Canada, United States, Mexico, Argentina, Kenya, and Colombia, the majority of which were generated organically through the Company's prospect generation business. The Company also has eight mineral properties under option, and four projects that are available for sale or option and three alliances.Exploration Outlook 2026Orogen anticipates drilling on fourteen properties in 2026 with up to 50,000 metres of drilling by partners on exploration stage optioned properties and royalties excluding the planned drilling program at Ermitaño.Highlights include:La Rica (1% NSR royalty) owned and operated by MCC Mining where a drill program on the porphyry target is underwayMPD South (2% NSR royalty) owned and operated by Kodiak Copper Corp., is undergoing drilling aimed at resource expansion and upgrades6Maggie Creek (2% NSR royalty) optioned to Nevada Gold Mines, is being drilled to evaluate lower plate Carlin targetsHWY 37 (1-3% NSR Royalty) optioned/ owned by Kingfisher Metals, which intends to undertake drilling to advance the Hank porphyry discovery7Orogen estimates that over $100 million has been raised by our partners to support these initiatives in 2026.General and Administrative ExpensesGeneral, administrative, and overhead expenses totaled $6.7 million in 2025, an 81% increase from 2024, largely reflecting post July 9, 2025 Plan of Arrangement (the "Arrangement") impacts. The increase was driven by higher accounting and legal costs related to audits, tax services, and transaction-related legal work, a $1.2 million unrealized foreign exchange loss resulting from currency movements affecting Mexican peso and U.S. dollar holdings, and elevated general and administrative and investor services expenses following completion of the Arrangement.Qualified Person StatementAll technical data, as disclosed in this press release, has been reviewed and approved by Laurence Pryer, Ph.D., P.Geo., VP Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.Certain technical disclosure in this release is a summary of previously released third-party information and the Company is relying on the interpretation provided. Additional information can be found on the links in the footnotes.About Orogen Royalties Inc.Orogen Royalties 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 (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the BoardOROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of 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 1H2The Company was incorporated under the Business Corporations Act (British Columbia) on May 1, 2025, as a wholly owned subsidiary of Triple Flag Nevada Inc. (formerly Orogen Royalties Inc.) ("TFN") for the purpose of completing a plan of arrangement (the "Arrangement"). The Arrangement, pursuant to an agreement dated April 21, 2025, closed on July 9, 2025, at which time Triple Flag Precious Metals Corp. acquired all issued and outstanding common shares of TFN.
In connection with the Arrangement, TFN reduced its stated capital to facilitate a special distribution, and the Company issued 52,603,071 common shares. As ownership remained unchanged before and after the Arrangement, the transaction is accounted for as a common control transaction.
These financial statements present the carve-out financial information of the Company's prospect generation and royalty business from TFN up to July 9, 2025. Earnings per share information is not presented for periods prior to that date as no shares were outstanding. Refer to the audited consolidated financial statements and MD&A for the years ended December 31, 2025, and 2024 for additional information.https://www.firstmajestic.com/investors/news-releases/first-majestic-reports-2025-production-and-2026-outlook-increases-dividendhttps://www.firstmajestic.com/investors/news-releases/first-majestic-announces-2025-mineral-reserve-and-mineral-resource-estimateshttps://www.sedarplus.ca/csa-party/records/document.html?id=2df5b75d3a1ca71daf57353d1f52873894e4b7fd38159141a6a10cf6df0f1b26https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-2025-mineral-reserve-and-mineral-resource-estimateshttps://kodiakcoppercorp.com/kodiak-announces-2026-exploration-plans-and-drill-targets-for-the-mpd-copper-gold-project/https://kingfishermetals.com/multiple-geophysical-datasets-support-increased-target-dimensions-at-hank-copper-gold-discovery-hwy-37-project-golden-triangle/Forward Looking InformationThis 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 "Company") 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 "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.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.Forward-looking information in this news release includes disclosures regarding NSR royalty payments to be paid to the Company by First Majestic Silver Corp. ("First Majestic") the owners and operator of the Ermitaño mine located in Mexico and that the forecasted revenue which are based on First Majestic "NI 43-101 Technical Report on Mineral Resource and Mineral Reserve Estimates" having an effective date of June 30, 2021. In addition to the technical report, the disclosure herein also contains and the updated mineral reserve and resource estimates for the Ermitaño mine based on the Santa Elena Mineral Reserve, Resource Estimates with an effective date of December 31, 2025 as announced by First Majestic on March 31, 2026 and as disclosed in their December 31, 2025 AIF, and First Majestic's MD&A for the period ended December 31, 2025. Forward-looking statements are based on several material assumptions, which management of the Company believe to be reasonable, including, but not limited to, the continuation of mining operations in respect of which the Company will receive NSR royalty payments, that the commodity prices will not experience a material adverse change, mining operations that underlie the royalty will operate in accordance with the disclosed parameters and other assumptions may be set out herein.Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's royalty or other interest. Orogen's royalty or other interests may cover less than 100% of a specific mining property and may only apply to a portion of the publicly reported mineral reserves, mineral resources and or production from a mining property.Non-IFRS MeasuresThe Company has included certain results in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including total GEOs sold, average realized gold price per GEO, and cash flow from operating activities excluding changes in non-cash working capital adjustments. The Company's royalty revenue is converted to a gold equivalent ounce by dividing the royalty revenue received during the period by the average gold price of the period. The Company has also used the non-IFRS measure of operating cash flows excluding changes in non-cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non-cash working capital to or from cash provided by (used in) operating activities.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.SOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Royalties Reports Record Revenue and Strong Earnings Growth in 2025

Orogen Reports Record 2025 Financial Performance and Positions for Continued Growth in 2026March 24, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 24, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") reports preliminary and unaudited financial results for its fourth quarter and year ended December 31, 2025.All figures are stated in Canadian dollars unless otherwise noted.2025 Year End Record RevenueOrogen is pleased to report record total revenue of $13.1 million for the year ended December 31, 2025, up 32% from $9.9 million in 2024 including:22% increase in Ermitaño royalty revenue of $9.6 million (2024 - $7.9 million)114% increase in Prospect Generation revenue of $3.0 million (2024 - $1.4 million)The Company is pleased to report a preliminary pre-tax net income of $7.0 million (2024 - $4.3 million) for the year ended December 31, 2025, up 63% from 2024. Preliminary after-tax net income was $4.1 million (2024 - $2.6 million), up 58% from 2024. After-tax net income includes gain on fair value adjustment of marketable securities, income tax expense, and other income and deductions.As of December 31, 2025, the Company had working capital of $25.8 million (2024 - $26.9 million) and no debt.Q4-2025 ResultsThe Company earned $6.3 million (2024 - $4.3 million) in total revenue for the fourth quarter ended December 31, 2025, up 50% from 2024 and 259% from Q3-2025:29% increase in Ermitaño royalty revenue of $3.1 million (2024 - $2.4 million)94% increase in Prospect Generation revenue of $3.1 million (2024 - $1.6 million)The Company is pleased to report a preliminary after-tax net income of $2.5 million (2024 - $2.6 million) for the quarter ended December 31, 2025."We are pleased to deliver another record year of financial performance in 2025, with total revenue increasing 32% to $13.1 million and strong growth across both our royalty and prospect generation businesses," said Paddy Nicol, CEO of Orogen. "Consistent production at the Ermitaño mine continued to provide a strong royalty base, while our prospect generation model delivered exceptional results, more than doubling revenue year over year. Prospect generation is core to our strategy, enabling us to efficiently create new royalties at lower cost and risk while preserving capital. With no debt, significant working capital, an exploration team creating self-funded and alliance-based opportunities, and pursuing a pipeline of royalty acquisition opportunities, we expect to continue expanding our royalty portfolio and delivering strong financial performance in 2026."2026 Guidance and Update on Key AssetsErmitano MineOrogen holds a 2% net smelter return ("NSR") royalty on First Majestic Silver Corp.'s ("First Majestic") Ermitaño Mine, that forms part of the Santa Elena mine complex in Sonora, Mexico. According to First Majestic, production guidance within the Santa Elena complex for 2026 is 64,000 to 71,000 ounces gold and 1.3 to 1.5 million ounces silver1. Orogen estimates that over 90% of the production from the Santa Elena mine will come from the Ermitaño mine. This would result in royalty revenues between $7.1 million (US$5.1 million) and $10.3 million (US$7.5 million) based on gold price of US$4,290 per ounce and silver price of US$52 per ounce.Qualified Person StatementAll new technical data, as disclosed in this press release, has been reviewed and approved by Laurence Pryer, Ph.D., P.Geo., VP Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.Certain technical disclosure in this release is a summary of previously released information and the Company is relying on the interpretation provided by the relevant referenced partner. Additional information can be found on the links in the footnotes or on SEDAR (www.sedarplus.ca) or EDGAR (www.sec.gov).About Orogen Royalties Inc.Orogen Royalties 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 (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the BoardOROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of 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
info@orogenroyalties.comhttps://www.firstmajestic.com/investors/news-releases/first-majestic-reports-2025-production-and-2026-outlook-increases-dividendForward Looking InformationThis 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 "Company") 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 "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. The forward looking statements in this news release reflect the Company's current expectations and projections about its future results. These forward looking statements may include statements regarding the future price of gold and the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production, the Company's growth strategy and expectations regarding the inclusion of revenue guidance or other statements that are not statements of fact.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. Factors 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. 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.Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a Royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a Royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds Royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds Royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's Royalty or other interest. Orogen's Royalty or other interests may cover less than 100% of a specific mining property and may only apply to a portion of the publicly reported mineral reserves, mineral resources and or production from a mining property.SOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Reports Record 2025 Financial Performance and Positions for Continued Growth in 2026

Orogen Royalties Announces Private Placement UpdateMarch 18, 2026 6:45 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 18, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") announces that, further to its news release dated March 12, 2026, the Company will not be proceeding with the private placement."Orogen is well funded to pursue its objective of project generation and royalty acquisition," commented CEO Paddy Nicol. "We continue to actively evaluate the Company's capital resources in the context of current and future capital requirements and prevailing capital market conditions. The cancellation of this private placement does not alter the Company's exploration and investment strategy. Over the course of 2026, our exploration outlook includes up to 16 partner funded drill programs, representing more than 50,000 metres of drilling. These programs are expected to advance our projects and royalties and increase the probability of exploration discovery. In addition, we are also pursuing several short-term acquisition opportunities that are complementary to the Company's existing portfolio."About Orogen Royalties Inc.Orogen Royalties is focused on organic royalty creation and royalty acquisitions of precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the BoardOROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo 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
info@orogenroyalties.comForward Looking InformationThis 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 "Company") 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 "expects", "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. Factors 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.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.SOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Royalties Announces Private Placement Update

Orogen Royalties Announces Non-Brokered Private Placement of up to $10 MillionMarch 12, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 12, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce it intends to raise up to $10,000,000 by way of a non-brokered private placement consisting of issuing up to 2,890,274 common shares ("Common Shares") of the Company at a price of $3.46 per Common Share (the "Private Placement").The proceeds from the Private Placement will be directed toward developing generative exploration initiatives, executing potential royalty acquisitions, and strengthening the Company's working capital to support its ongoing growth strategy.Certain directors and officers of the Company may acquire securities under the Private Placement. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Common Shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization.The Company may pay a finder's fee in connection with the Private Placement, as determined by mutual agreement between the Company and the finders and subject to the approval of the TSX Venture Exchange (the "Exchange"). The finders' fee will consist of a 5% cash fee for Common Shares sold to investors introduced by such finders.All Common Shares issued pursuant to the Private Placement will be subject to a four (4) month hold period under applicable securities laws in Canada and applicable securities legislation hold periods outside of Canada from the closing date. The Company anticipates closing of the Private Placement within approximately three to four weeks from the date hereof and will be subject to receipt of all necessary regulatory approvals, including the approval of the Exchange. There can be no assurance that the Private Placement will be completed as proposed or at all.This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (The "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Orogen Royalties Inc.Orogen Royalties is focused on organic royalty creation and royalty acquisitions of precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the BoardOROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo 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
info@orogenroyalties.comForward Looking InformationThis 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 "Company") 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 "expects", "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. Factors 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.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.SOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Royalties Announces Non-Brokered Private Placement of up to $10 Million

Orogen Royalties Signs LOI to Option Table Mountain Gold Project to Toogood GoldMarch 2, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 2, 2026 / (TSX.V:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce that the Company and a wholly owned subsidiary of alliance partner Altius Minerals Ltd. ("Altius") (collectively the "Alliance Partners") have signed a binding Letter of Intent Agreement (the "LOI") with Toogood Gold (TGC) ("Toogood") to option the Table Mountain gold project ("Table Mountain") in Nevada.Under the terms of the LOI, Toogood will have an exclusive 45-day period to conduct due diligence and execute a definitive option agreement (the "Option Agreement") whereby Toogood can acquire a 100% interest in Table Mountain by issuing 16,683,430 Toogood shares to the Alliance Partners as follows:1,000,000 shares within three days of signing the definitive agreement (the "Effective Date");3,500,000 shares within six months of the Effective Date;5,500,000 shares within one year of the Effective Date; and6,683,430 shares within two years of the Effective Date.Based on the market price of Toogood's shares as of February 27, 2026, the aggregate market value of the share consideration is $2.25 million.Upon completion of the Option Agreement, Toogood will grant a 3% net smelter return ("NSR") royalty to the Alliance Partners subject to the following buydown provisions:0.5% NSR royalty buydown for US$5.0 million up to the fourth anniversary of the exercise of the Option Agreement; and0.5% NSR royalty buydown for US$15 million for up to 120 days after the completion of a National Instrument 43-101 Prefeasibility Study.Pursuant to the terms of a generative alliance between Altius and Orogen (previously announced September 12, 2022), proceeds from the Option Agreement and royalty grant will be split evenly between the Alliance Partners whereby each party will receive 8,341,715 shares and a 1.5% NSR royalty upon completion on the Option Agreement.Paddy Nicol, CEO of Orogen commented, "The multiple outcropping gold bearing veins at Table Mountain represent one of the most compelling and simple targets the Orogen generative team have identified in the last few years. It's been very exciting to discover gold bearing veins at surface with no evidence of historical drilling, trenching or even prospecting in an overlooked part of Nevada. We are excited to bring in Toogood whose team, we believe, will rapidly advance and test the property."About the Table Mountain ProjectThe Table Mountain project consists of 184 lode claims located forty-five kilometres north of the town of Pioche within the Oligo-Miocene Indian Peak Caldera complex (Figure 1) in eastern Nevada. The claims are located on ground managed by the BLM with rough road access.The property is focused on a four by two-kilometre alteration cell composed of kaolinite and weakly crystalline illite consistent with the high levels of epithermal systems (Figure 2). The alteration cell is notable for the absence of historical work including drilling, prospect pits and legacy claim posts.The property is cut by widespread veining with vein widths locally exceeding three metres and returning anomalous precious metal values of up to 2.62 g/t gold and 49.7 g/t silver. The multiple outcropping veins display textures including crustiform-colloform fine-grained quartz and coarse silica after platy calcite typical of low-sulphidation epithermal veins (Photo 1).Figure 1: Location of the Table Mountain project in relation to the caldera fields of Eastern Nevada and to World Class epithermal deposits. Adapted from, Best et al., 2013. Towns shown by black squares. Figure 2: Gold in rocks and mapped alteration cell from airborne spectral survey at the Table Mountain project. Photo 1: Vein material from outcropping veins at Table Mountain displaying an epithermal texture consisting of fine grained quartz rich bands. Qualified Person StatementAll new technical data, as disclosed in this press release, has been reviewed and approved by Laurence Pryer, Ph.D., P.Geo., Vice President of Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.Certain technical disclosure in this release is a summary of previously released information, and the Company is relying on the interpretation provided by the relevant company. Additional information can be found on the links in the footnotes or on SEDAR+ (www.sedarplus.ca).Summary of Analytical MethodThe assay results reported from the Table Mountain property represent first pass reconnaissance samples typically "grab" or "select" in nature. They do not represent the true width or grade of the veins. All rock samples were analyzed by ALS Geochemistry via Au-ICP21 (Au 30g FA ICP-AES Finish), Hg-MS42 and ME-MS61. The samples were processed at ALS Reno and ALS Vancouver. Orogen does not insert any standard, blanks or duplicates during first pass reconnaissance rock sampling.About Orogen Royalties Inc.Orogen Royalties 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 (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the BoardOROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo 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
info@orogenroyalties.comForward Looking InformationThis 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 "Company") 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 "expects", "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. Factors 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.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.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.SOURCE: Orogen Royalties Inc.View the original press release on ACCESS NewswireOriginal: Orogen Royalties Signs LOI to Option Table Mountain Gold Project to Toogood Gold

Orogen Royalties Creates a Royalty on the Ecru Gold Project in Nevada, USAFebruary 27, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 27, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce that it has signed a purchase and sale agreement (the "Agreement") with Quebec Nickel Corp. (CSE: QNI) ("Quebec Nickel") whereby Quebec Nickel can acquire a 100% interest in the Ecru gold project, Nevada, USA.Under the terms of the Agreement, Quebec Nickel can acquire a 100% interest in the Ecru claims from Orogen for an aggregate consideration of $540,000 in cash and shares of Quebec Nickel ("Consideration Shares"), subject to regulatory acceptance of the Canadian Securities Exchange, and payable as follows:$250,000 cash on closing of the acquisition, $25,000 of which has already been received;1,000,000 Consideration Shares of Quebec Nickel issued on closing, at a price of $0.165 per share, representing the permitted discount to the closing price of Quebec Nickel's common shares on February 26, 2026; andWithin six months of closing, the issuance to Orogen of $125,000 of Consideration Shares at a price per share equal to the 10-day volume weighted average price of the common shares of Quebec Nickel on the Canadian Securities Exchange at the date of the issue.Quebec Nickel will also grant a non-buyable 2% net smelter return ("NSR") royalty to Orogen.Closing of the acquisition is expected to be completed within the next 30 days.Paddy Nicol, CEO of Orogen commented, "The Ecru gold project, staked by Orogen's generative team, is favourably located in the prolific Cortez trend in Nevada, immediately north and adjacent to Nevada Gold Mines Robertson deposit. We look forward to following the progress of the Quebec Nickel team at Ecru."About the Ecru Gold ProjectThe Ecru project is located on the northeast margin of Nevada Gold Mine's Cortez Trend land position (the Cortez Complex1) within the larger Battle Mountain - Eureka trend. The property consists of 112 lode-mining claims 100% owned by Orogen and two leased sections. The project lies immediately adjacent to Nevada Gold Mines' 2.4 Moz Robertson reduced intrusion related gold deposit1 (Figure 1).Two main target areas are located on the property and demonstrate the potential for both Carlin and Robertson-style mineralization (Figure 2).The shallower intrusive target is defined by a two-kilometre diameter area of multiple magnetic highs and adjacent gravity lows, interpreted to reflect intrusive bodies and associated alteration within upper-plate siliciclastic rocks. Multiple intrusive phases are present on the property, both at surface and in historical drill intercepts. These multi-phase intrusives and the surrounding rock exhibit characteristics and geochemical signatures analogous to the Robertson deposit.A potential Carlin-type system is defined by an untested, prominent gravity high target interpreted to be a region of structurally uplifted lower plate carbonates near surface, under pediment cover. Nearby historical drilling has identified anomalous gold and pathfinder geochemistry in upper plate stratigraphy which supports the potential for a mineralized, lower plate carbonate window at Ecru.Quebec Nickel plans to evaluate the potential for both deposit types on the property.Figure 1: Location of the Ecru project. Resources from 1 Figure 2: Overview of targets and simplified geology on the Ecru project. Robertson geology adapted from 1 Qualified Person StatementAll new technical data, as disclosed in this press release, has been reviewed and approved by Laurence Pryer, Ph.D., P.Geo., Vice President of Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.Certain technical disclosure in this release is a summary of previously released information, and the Company is relying on the interpretation provided by the relevant company. Additional information can be found on the links in the footnotes or on SEDAR+ (www.sedarplus.ca).About Orogen Royalties Inc.Orogen Royalties 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 (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the Board
OROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo 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
info@orogenroyalties.comForward Looking InformationThis 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 "Company") 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 "expects", "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. Factors 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.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.https://minedocs.com/19/Cortez-TR-12312021.pdfSOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Royalties Creates a Royalty on the Ecru Gold Project in Nevada, USA

Orogen Royalties Announces Annual Equity Compensation GrantFebruary 13, 2026 7:00 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 13, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") announces that, as part of the Company's annual share-based compensation program, the Board of Directors have authorized a grant of 132,000 Restricted Share Units (RSUs), 29,000 Deferred Share Units (DSUs), and 618,000 incentive Stock Options to directors, officers, employees, and consultants. The grant has been authorized pursuant to the Company's Omnibus Equity Incentive Compensation Plan that was approved by shareholders June 27, 2025.The RSUs awarded will fully vest on the second anniversary of the date of grant. The DSUs awarded will vest 50% each on the third and fourth anniversaries of the grant date and will settle on the termination of service. The Stock Options have a life of five years, an exercise price of $3.12, and will vest over three years including 25% that will vest immediately followed by 25% on the first, second, and third anniversaries from the date of grant.These equity-based compensation grants are subject to regulatory acceptance of the TSX Venture Exchange.About Orogen Royalties Inc.Orogen Royalties 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 (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.On Behalf of the Board
OROGEN ROYALTIES INC.Paddy Nicol
President & CEOTo 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
info@orogenroyalties.comSOURCE: Orogen Royalties IncView the original press release on ACCESS NewswireOriginal: Orogen Royalties Announces Annual Equity Compensation Grant

Newmont taking a piece of this early shows great confidence in cuale. I would guess they have seen something that they like. Paying a big premium from yesterday’s share price should create a new floor on this. News will start to flow soon and this one won’t look back. I’m long.