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 | ||
0.28 CAD | +3.70% |
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+3.70% | +64.71% |
06-07 | Orex Minerals Inc. Appoints Steve Cope as A Director | CI |
06-06 | 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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+64.71% | 5.25M | |
-14.40% | 146B | |
-11.40% | 113B | |
-4.10% | 69.68B | |
-11.33% | 42.98B | |
+2.28% | 41.25B | |
+26.36% | 38.7B | |
+111.43% | 32.86B | |
+17.34% | 25.02B | |
+71.46% | 19.62B |
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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..