Orea Mining Corp. is pleased to announce that it has closed the first tranche of its previously announced private placement , raising gross proceeds of CAD$215,000 through the issuance of 4,300,000 units of Orea at a price of CAD$0.05 per Unit. Each Unit is comprised of one common share of Orea and a full warrant. Each warrant entitles the holder [...]
Orea Mining Corp. announces a private placement to fund an action plan, that Orea management and its advisors have initiated, in response to the sanctions imposed by the United States on Nord Gold plc , Orea's joint-venture partner . The joint venture holds a 100% interest in the 5 million ounce Montagne d'Or Gold mine development* project in [...]
Orea Mining Corp. reports that Nord Gold plc , Orea's joint-venture partner in the Montagne d'Or gold mine development project located in French Guiana, France, has been sanctioned by the U.S. Department of Treasury, Office of Foreign Assets Control; specifically under Russian Harmful Foreign Activities Sanctions Regulations - 31 CFR part 587 [...]
Orea Mining Corp. reports that it was informed that the Supreme Court of France has admitted the final appeal of the French Government on the renewal of the Montagne d'Or project 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 [...]
Orea Mining Corp. is pleased to announce that Robert Giustra, Peter Gianulis, Marie-Hélène Bérard and Oleg Pelevin were elected as directors of Orea at the 2022 Annual General Meeting of Shareholders held on March 25, 2022 . Shareholders also approved all other proposed resolutions as described in the information circular of the Meeting. Detailed [...]
Orea Mining is pleased to report on results of the 2022 diamond drilling program at the Maripa Gold Project, located in French Guiana. As announced on February 15, 2022, Orea has entered into an agreement with a subsidiary of IAMGOLD Corp. to acquire a 100% interest in Maripa. Orea completed 6 diamond drill holes as an initial reconnaissance of the [...]
Orea Mining Corp. is pleased to announce that it has entered into a Formal Option Agreement to acquire up to a 75% interest in the Antino Gold Project, located in Suriname. As announced on July 6, 2021, a Binding Term Sheet was signed to acquire up to a 75% interest in an advanced-stage gold exploration project located in a significant alluvial and [...]
Orea Mining reports that it is aware of media articles which state that Alexei Mordashov, an Oligarch often referenced as Russia's richest person, has been added to the list of persons sanctioned by the European Union in connection with Russia's invasion of Ukraine, and has transferred control of a US$1.1 billion stake in Nord Gold plc to his wife [...]
Orea Mining is pleased to report on the first results of the 2022 diamond drilling program at the Maripa Gold Project, located in eastern French Guiana, France. As announced on February 15, 2022, Orea has entered into an agreement with a subsidiary of IAMGOLD Corporation to purchase a 100% interest in Maripa. Permits for 10,000 meters of diamond [...]
Orea Mining Corp. reports that today the French Constitutional Court deliberated on a section of the French Mining Code relating to the renewal of historical mining titles and ruled that the "automatic" renewal provision associated with these mining titles does not comply with the French Constitution. This ruling was issued in response to a [...]
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 [...]
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 [...]