OR Royalties acquires Canadian Copper stream

Orogen Royalties has entered into a binding agreement with Copper for a $28.0 million precious metals stream on Copper's Canada — New Brunswick assets, specifically the Murray Brook and Caribou properties. This transaction provides Copper with crucial construction financing, supplemented by a $35.0 million concentrate prepayment facility from Ocean Partners UK Limited. The Project, located in Canada, a Tier-1 mining jurisdiction, is expected to commence production by 2029, delivering silver and gold to Orogen Royalties. Orogen Royalties will also subscribe to $4.0 million in common shares of Copper and receive a Right of First Refusal on future royalty or stream sales from Copper. This move is anticipated to significantly boost Orogen Royalties' gold equivalent ounces (GEOs) growth profile and maintain its focus on precious metals.