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Orex Minerals ( (TSE:REX) ) just unveiled an update.
Orex Minerals has confirmed it is moving ahead with the sale of its 38.79% interest in the Coneto Silver-Gold Project in Mexico to Silver Viper Minerals, alongside partner Fresnillo plc, which is divesting its 61.21% stake. Although the parties missed their initial January 2026 target for signing a definitive share purchase agreement, they report steady progress on finalizing terms, securing approvals and satisfying closing conditions, with Orex now set to receive a mix of cash and Silver Viper shares while Fresnillo will be paid solely in Silver Viper equity at a deemed price of CAD$0.80 per share. The transaction values Coneto at about US$15 million and would leave Fresnillo and Orex holding roughly 12% and 7% of Silver Viper, respectively, reinforcing their exposure to the asset through equity rather than direct ownership, while also establishing anti-dilution protections for Fresnillo and a technical committee to guide future project advancement, subject to customary regulatory and shareholder approvals.
The most recent analyst rating on (TSE:REX) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Orex Minerals stock, see the TSE:REX Stock Forecast page.
Spark’s Take on TSE:REX Stock
According to Spark, TipRanks’ AI Analyst, TSE:REX is a Neutral.
The score is held down primarily by very weak financial performance (no revenue, sustained losses, and continued cash burn with shrinking equity). Technical momentum is a key offset (price above major moving averages with positive MACD), while valuation provides limited support due to negative earnings and no dividend yield data.
To see Spark’s full report on TSE:REX stock, click here.
More about Orex Minerals
Orex Minerals Inc. is a precious and base metals exploration company with projects in Mexico and Canada. Its portfolio includes the Coneto Silver-Gold Project and Sandra Silver-Gold Project in Durango, Mexico, in partnership with Fresnillo plc and Pan American Silver Corp., respectively, as well as the Jumping Josephine Gold Project in British Columbia, Canada. The company is led by an experienced mining and exploration team focused on value creation through strategic project advancement and partnerships.
Average Trading Volume: 155,470
Technical Sentiment Signal: Buy
Current Market Cap: C$7.97M
Learn more about REX stock on TipRanks’ Stock Analysis page.