Orogen Royalties Completes Strategic Restructuring and Returns to TSX Venture Exchange

A Repositioned Precious Metals Royalty Specialist with Strengthened Capital Base

Orogen Royalties Inc. has successfully re-listed on the TSX Venture Exchange under ticker symbol “OGN” following the completion of its transformative plan of arrangement with Triple Flag Precious Metals Corp. on July 9, 2025. The transaction included a $10.0 million strategic investment from Triple Flag, which acquired 6,756,757 shares at $1.48 per share, cementing its position as a major shareholder with 11.4% equity stake.

Strong Financial Foundation Supporting Organic Growth Strategy

The restructuring positions Orogen Royalties as a well-capitalized pure-play royalty generator. With approximately $17 million in cash reserves, zero debt, and a profitable operating track record since 2021, the company operates from a position of strength. The 59,359,932 outstanding shares are supported by a quality institutional base: Altius Minerals holds 16.4%, Adrian Day Asset Management and EuroPac Gold Fund combined own 12.3%, and company insiders maintain over 6% ownership, reflecting confidence in management’s execution.

The Ermitaño Asset: A Reliable Cash-Flowing Cornerstone

At the heart of Orogen Royalties’ portfolio sits the Ermitaño gold and silver mine in Sonora, Mexico, operated by First Majestic Silver Corp. The company holds a 2% net smelter return (NSR) royalty on this producing asset. Since commencing operations in 2021, Ermitaño has demonstrated consistent production, generating 103,540 ounces of gold and 1.51 million ounces of silver in 2024. Beyond current production, exploration on Orogen Royalties’ adjacent royalty lands has identified the Navidad and Winter vein systems, which span 1.3 kilometres on strike with depths reaching 450 metres. These discoveries carry inferred resources of 249,000 ounces gold and 5.9 million ounces silver grading 3.42 g/t gold and 81 g/t silver, with nine active drill rigs continuing resource definition work.

Diversified Royalty Portfolio and Partnership Network

Orogen Royalties’ business strategy centers on organic royalty creation combined with selective acquisition. The company’s current holdings encompass 28 high-quality royalties and seven active option agreements with exploration partners. Key projects include the La Rica porphyry copper-gold project in Colombia (1% NSR with MCC Mining), the HWY 37 project in British Columbia (1% to 3% NSR options with Kingfisher Metals), and the MPD South project in British Columbia (2% NSR with Kodiak Copper Corp.). Additional optioned assets in Nevada include the Maggie Creek and Spring Peak gold projects. Strategic alliances with industry leaders Altius, BHP Xplor, and Triple Flag further enhance deal flow and exploration reach.

CEO Paddy Nicol emphasized the company’s value creation approach: “Our capability lies in converting geological exploration insight into high-quality royalty streams. The Ermitaño 2% NSR and the recently monetized Arthur royalty in Nevada exemplify how we generate shareholder returns by leveraging our prospect generation expertise and industry relationships.”

Substantial Exploration Pipeline Ahead

For 2025, Orogen Royalties anticipates over $40 million in partner-funded exploration and drilling programs across its royalty portfolio and projects, including nine separate drilling campaigns. Additionally, the company expects to deploy over $3.0 million toward project generation activities. This activity level underscores the confidence exploration partners place in the quality of Orogen Royalties’ assets and opportunities.

All technical disclosures in this update have been verified by Laurence Pryer, Ph.D., P.Geo., Vice President Exploration, who qualifies as a qualified person under National Instrument 43-101 standards.