Orex Minerals Launches $5 Million Private Placement to Bolster Working Capital

Orex Minerals ( (TSE:REX) ) has provided an update.

Orex Minerals Inc. has announced plans to raise up to $5 million through a non-brokered private placement of up to 30,303,030 units at $0.165 per unit, each comprising one common share and one two-year warrant exercisable at $0.20. The financing, expected to close around February 12, 2026 subject to TSX Venture Exchange approval and customary conditions, will be used for general working capital and may include finder’s fees, reinforcing Orex’s liquidity position as it advances its exploration partnerships and projects in Mexico and Canada.

The most recent analyst rating on (TSE:REX) stock is a Hold with a C$0.22 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 and Sandra silver-gold projects 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. The company is led by an experienced mining and exploration team focused on creating value through advancing projects and maintaining strategic partnerships.

Average Trading Volume: 113,396

Technical Sentiment Signal: Buy

Current Market Cap: C$7.97M

Learn more about REX stock on TipRanks’ Stock Analysis page.