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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May. 10 | Orex Minerals Inc. announced a financing transaction | CI |
Mar. 29 | Orex Minerals Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024 | CI |
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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..