{"success":true,"data":{"pressRelease":{"id":"167412","rtpr_id":"nACSrgFVLa-20261013","ticker":"OGN","exchange":"","all_tickers":["OGN"],"title":"Orogen Royalties Enters into Agreement to Sell the Slaughterhouse Copper-Gold Project to Seabridge Gold","author":"ACCESSWIRE","published_at":"2026-10-13T12:00:00.431Z","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / October\n13, 2026 / (TSXV:OGN)(OTCQX:OGNNF) Orogen Royalties Inc. (\"Orogen\" or the\n\"Company\") is pleased to announce that it has signed a purchase and sale\nagreement (the \"Agreement\") with a subsidiary of Seabridge Gold Inc.\n(\"Seabridge\") whereby Seabridge will acquire a 100% interest in Orogen's\nSlaughterhouse Iron-Oxide-Copper-Gold (\"IOCG\") project in Wyoming, USA.\n\nUnder the terms of the Agreement, Seabridge will pay to Orogen US$300,000 cash\non closing and milestone payments of up to US$2.55 million. Orogen will retain\na 2.5% net smelter return (\"NSR\") royalty, subject to certain buydown\nprovisions, on the Slaughterhouse project, and a 0.5% to 1% NSR royalty on a\nregional 2,400 square kilometre area of interest (\"AOI\") surrounding the\nSlaughterhouse claims.\n\n\"The Slaughterhouse project is the culmination of investigative and generative\nexploration using external and in-house knowledge, and regional exploration\ndatasets over several exploration seasons,\" commented Orogen CEO Paddy Nicol.\n\"The regional AOI represents a district scale opportunity providing Orogen\nbroad exposure to discovery. Seabridge has one of the most successful\nexploration track records in our industry as demonstrated by its reserves and\nresources, and we welcome their expertise on the Slaughterhouse project.\n\nAbout the Slaughterhouse Project\n\nThe Slaughterhouse project covers a twelve kilometre long mineralized trend\nhost to hematite-dominated Iron-Oxide-Copper-Gold (IOCG) mineral targets with\nstrong analogs to the deposits of the Gawler Craton in South Australia. The\nGawler Craton is the world's premier IOCG province hosting systems including\nthe supergiant Olympic Dam, Prominent Hill, Carrapateena and the recently\ndiscovered Oak Dam.(1) The IOCG systems in Wyoming and the Gawler Craton are\nboth hematite dominated, a rare category that indicates preservation of the\nshallowest levels of these Paleoproterozoic systems.(2)\n\nAt Slaughterhouse, the observed mineralization occurs with ubiquitous hematite\nas breccias, fracture coatings, and dustings. Alteration includes chlorite,\ncalcite, ankerite-siderite, and sericite. Observed iron sulphides include\nminor pyrite with chalcopyrite, chalcocite, and bornite. Gold values vary (up\nto 12 grams per tonne (\"g/t\") gold in grab samples) but correlate strongly\nwith copper (up to 7% in grab samples). Elevated Heavy Rare Earth Elements\n(HREEs) occur in select areas.\n\nThe observed mineralization at Slaughterhouse occurs within a larger footprint\nof iron rich metasomatism extending across several hundred square kilometres.\nThe region is underpinned by the Cheyenne belt, a major Proterozoic\ndeformation zone separating the Archean Wyoming Craton to the north from\nProterozoic supracrustal rocks to the south.\n\nRegional occurrences, and the targets developed at Slaughterhouse, have seen\nhistorical mining but no systematic modern exploration based on the IOCG\nmineral system framework.\n\nThe principal target defined to date is Proud Peak that features an over two\nkilometre long density anomaly underlying high level iron rich alteration. The\nscale and tenor of the anomaly is analogous to the geophysical signature that\nled to the discovery of Prominent Hill in Southern Australia.(3)\n(https://app.accessnewswire.com/imagelibrary/3b247ded-342d-4907-bbff-76a08b799cb1/image.png)\nFigure 1: Approximate location of the Slaughterhouse project in Wyoming\n\nTransaction Details\n\nUnder the terms of the Agreement, Seabridge will acquire a 100% interest in\nthe Slaughterhouse project subject to the following payments (US dollars):\n* $300,000 on closing of the transaction;\n* $300,000 on completion of 10,000 metres of drilling on the Slaughterhouse\nproject and/or the surrounding AOI;\n* $750,000 upon publication of a mineral resource estimate on the\nSlaughterhouse project and/or the surrounding AOI; and\n* $1,500,000 upon commencement of commercial production, which will be deemed\nto be an advance minimum payment of the royalties payable to Orogen.\nOrogen will retain a 2.5% NSR royalty on the Slaughterhouse project subject to\na 0.5% NSR buydown for $5 million. Orogen will also retain a 0.5%-1% NSR on\nany project generated by Seabridge in the surrounding AOI, subject to certain\nconditions. Completion of the transaction remains subject to customary\nconditions of closing.\n\nQualified Person Statement\n\nAll technical data, as disclosed in this press release, has been reviewed and\napproved by Laurence Pryer, Ph.D., P.Geo., VP Exploration for Orogen. Dr.\nPryer is a qualified person as defined under the terms of National Instrument\n43-101.\n\nAbout Orogen Royalties Inc.\n\nOrogen Royalties is focused on organic royalty creation and royalty\nacquisitions on precious and base metal discoveries in western North America.\nThe Company's royalty portfolio includes the Ermitaño gold and silver Mine in\nSonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. The\nCompany is well financed with several projects actively being developed by\nexploration partners.\n\nOn Behalf of the Board\n\nOROGEN ROYALTIES INC.\n\nPaddy Nicol\nPresident & CEO\n\nTo find out more about Orogen, please contact Paddy Nicol, President & CEO at\n604-248-8648, and Marco LoCascio, Vice President of Corporate Development at\n604-248-8648. Visit our website at www.orogenroyalties.com.\n\nOrogen Royalties Inc.\n1015 - 789 West Pender Street\nVancouver, BC\nCanada V6C 1H2\n\nForward Looking Information\n\nThis news release includes certain statements that may be deemed \"forward\nlooking statements\". All statements in this presentation, other than\nstatements of historical facts, that address events or developments that\nOrogen Royalties Inc. (the \"Company\") expect to occur, are forward looking\nstatements. Forward looking statements are statements that are not historical\nfacts and are generally, but not always, identified by the words \"expects\",\n\"plans\", \"anticipates\", \"believes\", \"intends\", \"estimates\", \"projects\",\n\"potential\" and similar expressions, or that events or conditions \"will\",\n\"would\", \"may\", \"could\" or \"should\" occur.\n\nAlthough the Company believe the expectations expressed in such\nforward-looking statements are based on reasonable assumptions, such\nstatements are not guarantees of future performance and actual results may\ndiffer materially from those in the forward-looking statements. Factors that\ncould cause the actual results to differ materially from those in forward\nlooking statements include market prices, exploitation and exploration\nsuccesses, and continued availability of capital and financing, and general\neconomic, market or business conditions.\n\nInvestors are cautioned that any such statements are not guarantees of future\nperformance and actual results or developments may differ materially from\nthose projected in the forward looking statements. Forward looking statements\nare based on the beliefs, estimates and opinions of the Company's management\non the date the statements are made. Except as required by securities laws,\nthe Company undertakes no obligation to update these forward looking\nstatements in the event that management's beliefs, estimates or opinions, or\nother factors, should change.\n1. https://www.bhp.com/what-we-do/global-locations/australia/south-australia\n2. https://www.sciencedirect.com/science/article/pii/S0169136821005953\n3.\nhttps://www.researchgate.net/publication/247864637_Prominent_Hill_A_Hematite-Dominated_Iron_Oxide_Copper-Gold_System\nSOURCE: Orogen Royalties Inc\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/orogen-royalties-enters-into-agreement-to-sell-the-slaughterhouse-copper-gold-pro-1235262)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSrgFVLa-20261013","title":"Orogen Royalties Enters into Agreement to Sell the Slaughterhouse Copper-Gold Project to Seabridge Gold","author":"ACCESSWIRE","ticker":"OGN","created":"2026-10-13T12:00:00.431Z","tickers":["OGN"],"exchange":"","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / October\n13, 2026 / (TSXV:OGN)(OTCQX:OGNNF) Orogen Royalties Inc. (\"Orogen\" or the\n\"Company\") is pleased to announce that it has signed a purchase and sale\nagreement (the \"Agreement\") with a subsidiary of Seabridge Gold Inc.\n(\"Seabridge\") whereby Seabridge will acquire a 100% interest in Orogen's\nSlaughterhouse Iron-Oxide-Copper-Gold (\"IOCG\") project in Wyoming, USA.\n\nUnder the terms of the Agreement, Seabridge will pay to Orogen US$300,000 cash\non closing and milestone payments of up to US$2.55 million. Orogen will retain\na 2.5% net smelter return (\"NSR\") royalty, subject to certain buydown\nprovisions, on the Slaughterhouse project, and a 0.5% to 1% NSR royalty on a\nregional 2,400 square kilometre area of interest (\"AOI\") surrounding the\nSlaughterhouse claims.\n\n\"The Slaughterhouse project is the culmination of investigative and generative\nexploration using external and in-house knowledge, and regional exploration\ndatasets over several exploration seasons,\" commented Orogen CEO Paddy Nicol.\n\"The regional AOI represents a district scale opportunity providing Orogen\nbroad exposure to discovery. Seabridge has one of the most successful\nexploration track records in our industry as demonstrated by its reserves and\nresources, and we welcome their expertise on the Slaughterhouse project.\n\nAbout the Slaughterhouse Project\n\nThe Slaughterhouse project covers a twelve kilometre long mineralized trend\nhost to hematite-dominated Iron-Oxide-Copper-Gold (IOCG) mineral targets with\nstrong analogs to the deposits of the Gawler Craton in South Australia. The\nGawler Craton is the world's premier IOCG province hosting systems including\nthe supergiant Olympic Dam, Prominent Hill, Carrapateena and the recently\ndiscovered Oak Dam.(1) The IOCG systems in Wyoming and the Gawler Craton are\nboth hematite dominated, a rare category that indicates preservation of the\nshallowest levels of these Paleoproterozoic systems.(2)\n\nAt Slaughterhouse, the observed mineralization occurs with ubiquitous hematite\nas breccias, fracture coatings, and dustings. Alteration includes chlorite,\ncalcite, ankerite-siderite, and sericite. Observed iron sulphides include\nminor pyrite with chalcopyrite, chalcocite, and bornite. Gold values vary (up\nto 12 grams per tonne (\"g/t\") gold in grab samples) but correlate strongly\nwith copper (up to 7% in grab samples). Elevated Heavy Rare Earth Elements\n(HREEs) occur in select areas.\n\nThe observed mineralization at Slaughterhouse occurs within a larger footprint\nof iron rich metasomatism extending across several hundred square kilometres.\nThe region is underpinned by the Cheyenne belt, a major Proterozoic\ndeformation zone separating the Archean Wyoming Craton to the north from\nProterozoic supracrustal rocks to the south.\n\nRegional occurrences, and the targets developed at Slaughterhouse, have seen\nhistorical mining but no systematic modern exploration based on the IOCG\nmineral system framework.\n\nThe principal target defined to date is Proud Peak that features an over two\nkilometre long density anomaly underlying high level iron rich alteration. The\nscale and tenor of the anomaly is analogous to the geophysical signature that\nled to the discovery of Prominent Hill in Southern Australia.(3)\n(https://app.accessnewswire.com/imagelibrary/3b247ded-342d-4907-bbff-76a08b799cb1/image.png)\nFigure 1: Approximate location of the Slaughterhouse project in Wyoming\n\nTransaction Details\n\nUnder the terms of the Agreement, Seabridge will acquire a 100% interest in\nthe Slaughterhouse project subject to the following payments (US dollars):\n* $300,000 on closing of the transaction;\n* $300,000 on completion of 10,000 metres of drilling on the Slaughterhouse\nproject and/or the surrounding AOI;\n* $750,000 upon publication of a mineral resource estimate on the\nSlaughterhouse project and/or the surrounding AOI; and\n* $1,500,000 upon commencement of commercial production, which will be deemed\nto be an advance minimum payment of the royalties payable to Orogen.\nOrogen will retain a 2.5% NSR royalty on the Slaughterhouse project subject to\na 0.5% NSR buydown for $5 million. Orogen will also retain a 0.5%-1% NSR on\nany project generated by Seabridge in the surrounding AOI, subject to certain\nconditions. Completion of the transaction remains subject to customary\nconditions of closing.\n\nQualified Person Statement\n\nAll technical data, as disclosed in this press release, has been reviewed and\napproved by Laurence Pryer, Ph.D., P.Geo., VP Exploration for Orogen. Dr.\nPryer is a qualified person as defined under the terms of National Instrument\n43-101.\n\nAbout Orogen Royalties Inc.\n\nOrogen Royalties is focused on organic royalty creation and royalty\nacquisitions on precious and base metal discoveries in western North America.\nThe Company's royalty portfolio includes the Ermitaño gold and silver Mine in\nSonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. The\nCompany is well financed with several projects actively being developed by\nexploration partners.\n\nOn Behalf of the Board\n\nOROGEN ROYALTIES INC.\n\nPaddy Nicol\nPresident & CEO\n\nTo find out more about Orogen, please contact Paddy Nicol, President & CEO at\n604-248-8648, and Marco LoCascio, Vice President of Corporate Development at\n604-248-8648. Visit our website at www.orogenroyalties.com.\n\nOrogen Royalties Inc.\n1015 - 789 West Pender Street\nVancouver, BC\nCanada V6C 1H2\n\nForward Looking Information\n\nThis news release includes certain statements that may be deemed \"forward\nlooking statements\". All statements in this presentation, other than\nstatements of historical facts, that address events or developments that\nOrogen Royalties Inc. (the \"Company\") expect to occur, are forward looking\nstatements. Forward looking statements are statements that are not historical\nfacts and are generally, but not always, identified by the words \"expects\",\n\"plans\", \"anticipates\", \"believes\", \"intends\", \"estimates\", \"projects\",\n\"potential\" and similar expressions, or that events or conditions \"will\",\n\"would\", \"may\", \"could\" or \"should\" occur.\n\nAlthough the Company believe the expectations expressed in such\nforward-looking statements are based on reasonable assumptions, such\nstatements are not guarantees of future performance and actual results may\ndiffer materially from those in the forward-looking statements. Factors that\ncould cause the actual results to differ materially from those in forward\nlooking statements include market prices, exploitation and exploration\nsuccesses, and continued availability of capital and financing, and general\neconomic, market or business conditions.\n\nInvestors are cautioned that any such statements are not guarantees of future\nperformance and actual results or developments may differ materially from\nthose projected in the forward looking statements. Forward looking statements\nare based on the beliefs, estimates and opinions of the Company's management\non the date the statements are made. Except as required by securities laws,\nthe Company undertakes no obligation to update these forward looking\nstatements in the event that management's beliefs, estimates or opinions, or\nother factors, should change.\n1. https://www.bhp.com/what-we-do/global-locations/australia/south-australia\n2. https://www.sciencedirect.com/science/article/pii/S0169136821005953\n3.\nhttps://www.researchgate.net/publication/247864637_Prominent_Hill_A_Hematite-Dominated_Iron_Oxide_Copper-Gold_System\nSOURCE: Orogen Royalties Inc\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/orogen-royalties-enters-into-agreement-to-sell-the-slaughterhouse-copper-gold-pro-1235262)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-10-13T12:00:00.675157962Z","server_sent_at_ms":1791892800675},"received_at":"2026-10-13T12:00:00.726Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/orogen-royalties-enters-into-agreement-to-sell-the-slaughterhouse-copper-gold-pro-1235262"},"analysis":{"id":"155719","press_release_id":"167412","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["closing subject to customary conditions — transaction not yet completed","bulk of consideration contingent on distant milestones (resource estimate, commercial production)"],"eventType":"m_and_a","narrative":"Orogen Royalties signed an agreement to sell a 100% interest in its Slaughterhouse copper-gold IOCG project in Wyoming to a subsidiary of Seabridge Gold.\n\nSeabridge will pay US$300,000 cash at closing plus milestone payments of up to US$2.55 million tied to drilling, a mineral resource estimate, and commercial production, with the US$1.5 million production payment treated as an advance royalty minimum.\n\nOrogen retains a 2.5% NSR royalty on the project (with a 0.5% buydown available for $5 million) and a 0.5%-1% NSR on any project Seabridge generates in the surrounding 2,400 square kilometre area of interest.\n\nThe deal validates Orogen's royalty-generation model but involves modest near-term proceeds for an early-stage exploration asset.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Seabridge picks up Orogen's Wyoming IOCG project, validating Orogen's project-generation royalty model with retained NSR upside."},"keyFigures":{"customDimensions":{"cash_on_closing":300000,"gold_grab_sample":"up to 12 g/t","copper_grab_sample":"up to 7%","milestone_payments":2550000,"regional_aoi_royalty":"0.5%-1% NSR on 2,400 sq km area of interest","retained_nsr_royalty":"2.5% on Slaughterhouse (0.5% buydown for $5M)"}},"quotedText":"The regional AOI represents a district scale opportunity providing Orogen broad exposure to discovery.","namedEntities":{"people":[{"name":"Paddy Nicol","role":"President & CEO"},{"name":"Laurence Pryer","role":"VP Exploration, qualified person"},{"name":"Marco LoCascio","role":"VP Corporate Development"}],"products":["Slaughterhouse IOCG project","Ermitaño gold and silver mine royalty"],"companies":[{"name":"Orogen Royalties Inc.","ticker":"OGN","relationship":"seller (filer)"},{"name":"Seabridge Gold Inc.","relationship":"acquirer"},{"name":"First Majestic Silver Corp.","relationship":"operator of Ermitaño mine royalty asset"}],"dollarAmounts":[{"amount":"US$300,000","context":"cash payable on closing"},{"amount":"US$2.55 million","context":"maximum milestone payments"},{"amount":"$5 million","context":"price to buy down 0.5% NSR royalty"}]},"materialImpact":{"score":2,"reasoning":"Orogen agreed to sell 100% of its early-stage Slaughterhouse IOCG project to Seabridge Gold for US$300,000 cash plus up to US$2.55 million in milestone payments, while retaining a 2.5% NSR royalty and regional AOI royalties. It validates the project royalty-generation model but the dollar amounts are small relative to a royalty company's portfolio."},"tickerRelevance":{"others":[],"primary":"OGN"},"globalImportance":25,"audienceRelevance":18,"eventTypeSecondary":["operations_update"],"importanceComponents":{"dealSize":"under $3M total consideration","tickerTier":"micro-cap royalty generator","eventGravity":"small asset sale with contingent milestones","counterpartyQuality":"Seabridge Gold is a credible mid-tier explorer"}},"event_type":"m_and_a","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"Orogen Royalties signed an agreement to sell a 100% interest in its Slaughterhouse copper-gold IOCG project in Wyoming to a subsidiary of Seabridge Gold.\n\nSeabridge will pay US$300,000 cash at closing plus milestone payments of up to US$2.55 million tied to drilling, a mineral resource estimate, and commercial production, with the US$1.5 million production payment treated as an advance royalty minimum.\n\nOrogen retains a 2.5% NSR royalty on the project (with a 0.5% buydown available for $5 million) and a 0.5%-1% NSR on any project Seabridge generates in the surrounding 2,400 square kilometre area of interest.\n\nThe deal validates Orogen's royalty-generation model but involves modest near-term proceeds for an early-stage exploration asset.","key_figures":{"customDimensions":{"cash_on_closing":300000,"gold_grab_sample":"up to 12 g/t","copper_grab_sample":"up to 7%","milestone_payments":2550000,"regional_aoi_royalty":"0.5%-1% NSR on 2,400 sq km area of interest","retained_nsr_royalty":"2.5% on Slaughterhouse (0.5% buydown for $5M)"}},"named_entities":{"people":[{"name":"Paddy Nicol","role":"President & CEO"},{"name":"Laurence Pryer","role":"VP Exploration, qualified person"},{"name":"Marco LoCascio","role":"VP Corporate Development"}],"products":["Slaughterhouse IOCG project","Ermitaño gold and silver mine royalty"],"companies":[{"name":"Orogen Royalties Inc.","ticker":"OGN","relationship":"seller (filer)"},{"name":"Seabridge Gold Inc.","relationship":"acquirer"},{"name":"First Majestic Silver Corp.","relationship":"operator of Ermitaño mine royalty asset"}],"dollarAmounts":[{"amount":"US$300,000","context":"cash payable on closing"},{"amount":"US$2.55 million","context":"maximum milestone payments"},{"amount":"$5 million","context":"price to buy down 0.5% NSR royalty"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T12:00:08.980Z","global_importance":25,"audience_relevance":18,"importance_components":{"dealSize":"under $3M total consideration","tickerTier":"micro-cap royalty generator","eventGravity":"small asset sale with contingent milestones","counterpartyQuality":"Seabridge Gold is a credible mid-tier explorer"}},"durationMs":8214,"modelName":"glm-5.3-flashx"}}