Orogen Royalties
Financials:
Primary ticker: TSXV:OGN
Stage of development: Exploration, Development, Production
Primary minerals: Gold, Silver, Copper
Project to promote: Silicon and Ermitaño
Project location: Mexico, Nevada, British Columbia
Website: www.orogenroyalties.com
Orogen is a royalty and mineral exploration company engaged in the business of royalty creation and acquisition.
Orogen’s foundation is built on prospect generation. The Company leverages its geological expertise to identify and advance high‐quality exploration projects. The Company monetizes these projects to generate royalties and recuperate its investment through transactions with industry or joint venture partners. This approach allows the Company to generate discovery opportunities while minimizing project risks and maximizing financial sustainability with the ultimate goal of royalty creation for the Company.
Orogen also augments its royalty portfolio with selective royalty acquisitions. Our industry knowledge and relationships help identify and evaluate quality mineral projects that have a high probability of becoming cash‐flowing royalties.
Orogen deploys capital in a disciplined manner with a focus on strong risk‐adjusted returns.
Cash: CAD$12M
Debt: NIL
Major shareholders:
Altius Minerals – 16%
Sprott Asset Management – 11%
Global Strategic Management – 7%
Management Ownership – 4%
Management Profile
Paddy Nicol – President, CEO and Director
Paddy has over 15 years’ experience in public company management serving on the boards of Abacus Mining Corp., Redstar Gold Corp., Niblack Mining Corp., Cobre Exploration Ltd., and Spanish Mountain Gold. Before joining Orogen, Paddy was the President and CEO of Niblack Mining Corp. which successfully merged with Committee Bay Resources in 2008. During his tenure, Paddy developed an extensive network of contacts throughout the institutional and retail investment community. Paddy was the President & CEO of Evrim Resources before it merged with Renaissance Gold to form Orogen Royalties.
Marco Locascio – VP Corporate Development
Marco brings 16 years’ experience as an analyst, fund manager, and executive in the metals and mining industry. He spent 11 years as an analyst and portfolio manager with Equinox Partners LP in New York, managing the firm’s investments in metals and mining, and evaluating exploration, development, production and royalty companies. Since 2018 he has been a director and member of the audit committee for Orezone Gold Corporation. More recently he was the CEO of Adia Resources, a private diamond exploration company. Marco holds a B.A. in Economics from Amherst College in Massachusetts.
What is your rationale for taking part in 121 Mining Investment?
Orogen was formed in 2020 by the merger of two prospect generators, Evrim Resources and Renaissance Gold. Since the merger the royalty assets that the companies contributed have become the Orogen’s primary focus. We are attending 121 to introduce this emerging royalty story to new investors. We will highlight our flagship royalties at Silicon and Ermitaño, our unique, self-funding royalty generation business, and our portfolio of exploration stage properties and royalties.
What recent news would you like to highlight to investors attending?
February 2, 2023 – Orogen Royalties Provides Project Generation Update
February 23, 2023 – Orogen Royalties provides Silicon Royalty Update
March 7, 2023 – Orogen Royalties Sells Ball Creek West to P2 Gold and Options Ball Creek East to Kingfisher Metals
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Reserve and resource update expected on Ermitaño property (Orogen 2% NSR)
6 Months:
PFS on Silicon gold project from AngloGold Ashanti (Orogen 1% NSR)
12 Months:
8 drill programs funded by partners on Orogen properties; continued deal flow in prospect generation business.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
– Very competitive environment for royalty acquisitions
– Availability of capital for junior exploration partners
What do you think makes your company such a compelling investment?
– Strong support from flagship royalties
– Optionality through royalty generation business
– Strong balance sheet with no debt and cashflow positive
What are the top 3 key investor takeaways?
1) A unique small cap royalty and exploration business
2) Exciting developments at our flagship royalties
3) Underappreciated, profitable royalty generation business