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Origen Options Arlington Project to Equity Metals
ORGNOrigin Materials(ORGN) Newsfile·2024-11-12 22:57

Group 1 - Origen Resources Inc. has signed a letter agreement with Equity Metals Corporation to earn a 100% interest in the Arlington Property located in British Columbia [1] - The Arlington Agreement requires Equity to make cash payments totaling 130,000,incurexplorationexpendituresof130,000, incur exploration expenditures of 250,000, and issue shares valued at 200,000withinspecifiedtimeframes[2]Origenwillretaina2200,000 within specified timeframes [2] - Origen will retain a 2% net smelter royalty, with Equity having the option to purchase 1% of this royalty for 1,000,000 [3] Group 2 - The option agreement with Nickelex Resource Corporation for the Arlington Property has been mutually terminated [4]