Orea Mining is pleased to announce it has entered into an agreement with a subsidiary of IAMGOLD Corporation to acquire an undivided 100% interest in the Maripa Gold Project, located in French Guiana. As announced on August 14, 2018, Orea entered into an Option Agreement with IAMGOLD to acquire up to a 70% interest in Maripa conditional upon fulfilling certain requirements, including incurring US$5 million in exploration [...]
Orea Mining Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on January 18, 2022. The Private Placement was oversubscribed, raising gross proceeds of CAD$800,000 through the issuance of 6,666,667 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Orea, and a half warrant. Each full warrant entitles the holder, on exercise, to purchase [...]
Orea Mining Corp. is pleased to announce a non-brokered private placement for gross proceeds of up to CAD$500,000. The Private Placement is for up to 4,166,667 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Orea, and a half warrant. Each full warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.18 for a period of 18 months from the closing date of the [...]
Orea Mining Corp. provides an update on the request for a final appeal filed by the French Government on the renewal of the 5-million-ounce Montagne d'Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc. As announced on October 7, 2021, the French Government filed a request before the Supreme Court of France to hear a final appeal on the renewal of the Montagne [...]
Orea Mining Corp. is pleased to announce the commencement of a diamond drilling program at the Maripa Gold Project, located in eastern French Guiana, France. Orea has an option to acquire up to a 70% interest in Maripa. Ten thousand meters of diamond drilling have been approved by the State services on Maripa. Fourteen drill holes, for 2,140 meters, are planned as an initial investigation by Orea of the promising [...]
Orea Mining Corp. reports that the Supreme Court of France has denied a petition by an NGO to join the French Government's appeal against the renewal of the 5-million-ounce Montagne d'Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc. France Nature Environnement, has been the principal and leading NGO opponent of the Montagne d'Or gold project. The Supreme [...]
Orea Mining Corp. is pleased to announce that it has commenced preparation for a diamond drilling program at the Maripa Gold Project, located in eastern French Guiana, France. Orea has an option to acquire up to a 70% interest in Maripa. 10,000 meters of diamond drilling have been approved by the State services; Preparation has commenced for a diamond drilling program in 2022; 1,000 meters of drilling is planned for next [...]
Orea Mining Corp. is pleased to provide an update on the acquisition of a gold project in Suriname, South America: As announced on July 6th, a binding term sheet was signed to acquire up to a 75% interest in an advanced-stage exploration project located in a significant alluvial and small-scale open pit gold mining district in Suriname; Orea and the optionor have substantially finalized the formal option agreement; the [...]
Orea Mining Corp. reports that it is aware of media articles which state that the two controlling shareholder companies of Nord Gold, Orea's joint-venture partner in the Montagne d'Or gold mine development project located in French Guiana, France, have filed a claim, under the Russia-France bilateral investment treaty, seeking compensation in the amount of US$4.6 billion under a confidential arbitration process [...]
Orea Mining Corp. reports that it has received confirmation today, that the French government has filed a final appeal to the French Supreme Court on the renewal of the Montagne d'Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc . As announced on July 22, 2021, the Court of Appeal of Bordeaux rejected the French Government's appeal and its request for a stay [...]
Orea Mining Corp. is pleased to provide an update on the acquisition of a new gold project located in Suriname. As announced on July 6, 2021, Orea signed of a Binding Term Sheet to acquire up to a 75% interest in an advanced-stage gold exploration project located in Suriname. With its due diligence near completion, Orea is in the process of entering into the corresponding Formal Option Agreement . Upon execution of the [...]
Orea Mining Corp. is pleased to provide an update on the renewal of the Montagne d'Or Gold Deposit concessions , located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc . As announced on July 22, 2021, the Court of Appeal of Bordeaux rejected the French Government's appeal and its request for a stay of execution of the initial court rulings of December 24, 2020, which were in favour of the JV [...]
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