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Orex Minerals ( (TSE:REX) ) just unveiled an update.
Orex Minerals is spotlighting high-grade drill results reported by Silver Viper Minerals from the La Virginia gold-silver project in Sonora, Mexico, as it advances an all-share sale of its Coneto Silver-Gold Project to Silver Viper. Upon closing, subject to TSX Venture Exchange approval, Orex will receive nearly 9.9 million Silver Viper shares, giving its investors sustained exposure to Silver Viper’s Mexican asset portfolio, including La Virginia and Coneto.
Silver Viper’s latest drilling at La Virginia returned multiple high-grade gold and silver intercepts and supports an expanded infill and exploration program ahead of an updated resource estimate expected in the second quarter of 2026. Orex’s management argues that these results validate the strategic rationale and potential upside of its negotiated equity stake in Silver Viper, reinforcing the transaction’s significance for Orex’s future leverage to precious metals discoveries in Mexico.
The most recent analyst rating on (TSE:REX) stock is a Hold with a C$0.27 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 REX Stock
According to Spark, TipRanks’ AI Analyst, REX is a Neutral.
The score is held down primarily by very weak financial performance (no revenue, ongoing losses, cash burn, and declining equity), partially offset by the absence of debt. Technicals are mixed with near-term weakness and only mild positive momentum, while valuation is constrained by negative earnings and no dividend support.
To see Spark’s full report on REX stock, click here.
More about Orex Minerals
Orex Minerals Inc. is a Vancouver-based precious and base metals exploration company listed on the TSX Venture Exchange and OTCQB. The firm focuses on advancing district-scale silver and gold projects, leveraging strategic equity positions and partnerships in Mexico’s prolific precious metals belts to provide shareholders exposure to exploration upside.
Average Trading Volume: 212,743
Technical Sentiment Signal: Hold
Current Market Cap: C$10.32M
For an in-depth examination of REX stock, go to TipRanks’ Overview page.