Core Insights - Oroco Resource Corp. has successfully closed an initial tranche of its non-brokered private placement, raising gross proceeds of US$1,530,999 through the sale of 7,654,995 units at US$0.20 per unit [1][3] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of one share at US$0.30 for 24 months [1][3] - The financing was primarily subscribed by Mexico-based investors, including new independent director Faysal Rodriguez, who subscribed for 5 million units [2][4] Financial Use - Proceeds from the private placement will be utilized to advance the Santo Tomas Project towards its planned Pre-Feasibility Study and for general corporate purposes [3] - The closing of this financing is subject to final acceptance by the TSX Venture Exchange, with shares and any shares issued on the exercise of warrants subject to a hold period expiring on March 6, 2026 [3] Project Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [5] - The project is located in northwestern Mexico and hosts significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [5][6] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [5][6] Strategic Importance - The Santo Tomas Project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [7] - The project area is serviced by infrastructure originally built for Goldcorp's El Sauzal Mine, enhancing its logistical advantages [7]

Core Viewpoint - Oroco Resource Corp. is proceeding with a non-brokered private placement financing of up to 18,000,000 Units at a price of US$0.20 per Unit, aiming for gross proceeds of up to US$3.6 million, with a minimum of US$2.0 million anticipated [1][2] Financing Details - Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole Warrant allowing the purchase of one common share at US$0.30 within 24 months [1] - The financing is designed to attract local strategic investors for the advancement of Oroco's Santo Tomas Project in Northern Sinaloa, Mexico [1][2] - The first tranche of the financing is expected to close early next week, with completion no later than November 13, 2025, subject to regulatory approvals [2] Project Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [3] - The project is located in the Santo Tomas District, near the Jinchuan Group's Bahuerachi Project, and hosts significant copper porphyry mineralization identified through extensive prior exploration [3] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [3][4] Infrastructure and Accessibility - The Santo Tomas Project is situated 170 km from the Pacific deep-water port at Topolobampo, with access via highway and rail, as well as power and natural gas infrastructure [5]