Orogen Royalties Halts Private Placement Yet Remains on Course

Orogen Royalties Inc., based in Vancouver, has decided to cancel its planned private placement, as announced on March 18, 2026. The company's CEO, Paddy Nicol, emphasized that Orogen remains well-funded to pursue its project generation and royalty acquisition goals. This decision does not affect the company's existing exploration and investment strategies.

Orogen plans to conduct up to 16 partner-funded drill programs in 2026, covering over 50,000 meters. These initiatives aim to advance their projects and bolster exploration success potential. Additionally, Orogen is actively exploring several short-term acquisition opportunities to enhance its portfolio.

Despite the cancellation, Orogen maintains confidence in its financial position, aligning its capital resources with current and future market conditions. This approach supports their ongoing exploration and acquisition activities in North America.