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Origen Resources, Inc. ( (TSE:ORGN) ) has shared an update.
Origen Resources Inc. has amended its option agreement with Hawthorn Resources Corp. concerning the Broken Handle Property in British Columbia. The revised terms include an increase in cash payments to $263,000 and a reduction in shares issuable to 900,000, with adjusted timelines for payments and exploration commitments. This amendment reflects Origen’s strategic adjustments to facilitate Hawthorn’s acquisition of a 75% interest in the property, potentially impacting the company’s operational focus and stakeholder interests.
More about Origen Resources, Inc.
Origen Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in various projects, primarily in British Columbia, Canada, and aims to advance its interests in mineral exploration and development.
YTD Price Performance: -25.00%
Average Trading Volume: 44,728
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.05M
For an in-depth examination of ORGN stock, go to TipRanks’ Stock Analysis page.