Orex Minerals Inc. (TSXV:REX) signed a non-binding letter of intent to acquire Valenciana Gold-Silver Project from Exploraciones El Cairo S.R.L. de C.V. on October 3, 2023. While the LOI is non-binding, negotiation of a definitive agreement is underway at this time, and such definitive agreement is expected to include a four-month due diligence period, scaled option payments, an area of influence and a 2% production royalty ("NSR") on the original concessions, plus a 0.5% NSR on adjacent properties obtained from third party concession holders within the area of influence.
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5-day change | 1st Jan Change | ||
0.26 CAD | 0.00% |
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-7.14% | +52.94% |
Jun. 07 | Orex Minerals Inc. Appoints Steve Cope as A Director | CI |
Jun. 06 | Orex Minerals Inc. announced that it has received CAD 0.999993 million in funding | CI |
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1st Jan change | Capi. | |
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+52.94% | 5.08M | |
-11.94% | 152B | |
-9.98% | 115B | |
+2.32% | 75.19B | |
+13.53% | 45.91B | |
-13.08% | 41.53B | |
+24.02% | 37.97B | |
+117.88% | 35.06B | |
+22.73% | 26.15B | |
+83.27% | 21.05B |
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- Orex Minerals Inc. signed a non-binding letter of intent to acquire Valenciana Gold-Silver Project from Exploraciones El Cairo S.R.L. de C.V..