Origen Resources Inc. Announces Agreement with Equity Metals Corporation

Overview

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2024) – Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the “Company” or “Origen”) is pleased to announce that it signed a letter agreement (“Agreement”) with Equity Metals Corporation (TSXV: EQTY) (“Equity”) to earn a 100% interest in the Arlington Property (“Arlington”), located within the Boundary District of south-central British Columbia. The Arlington Agreement provides that Equity may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval: Making cash payments totaling $130,000 ($30,000 of which is reimbursement for the Bond posted in regards to the current drill permit to be assigned to Equity); Incurring exploration expenditures of $250,000; and Issuing shares valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares valued at $200,000, or 2 million shares, whichever is greater, by the first anniversary of Regulatory Approval.

Analysis

This Agreement signifies a strategic partnership between Origen Resources Inc. and Equity Metals Corporation, with the goal of further exploring and developing the Arlington Property in British Columbia. By earning a 100% interest in the property, Equity will have the opportunity to tap into the potential mineral resources present in the area. The cash payments, exploration expenditures, and issuance of shares outlined in the Agreement highlight the commitment of both companies to advancing the project within a specified timeline.

Impact on Me

As a resident of British Columbia, this agreement could potentially lead to increased economic activity and job opportunities in the region. The exploration and development of the Arlington Property may also have positive effects on the local community and environment, depending on how the project is managed.

Global Implications

From a broader perspective, this partnership between Origen Resources Inc. and Equity Metals Corporation could contribute to the overall mineral exploration and mining industry, not just in British Columbia, but potentially on a global scale. Discoveries and advancements made through projects like the Arlington Property could have ripple effects throughout the world’s resource sector.

Conclusion

The Agreement between Origen Resources Inc. and Equity Metals Corporation marks a significant step forward in the exploration and development of the Arlington Property in British Columbia. With a focus on meeting exploration and financial obligations, this partnership has the potential to unlock valuable mineral resources and drive economic growth both locally and globally.