Overview
History
On February 20, 2015, Orogen entered into a royalty agreement with Altius Minerals Corp. (“Altius”) whereby Orogen retained 100% ownership of the Silicon property, discovered through an alliance between Orogen and Altius pursuant to an October 22, 2013 alliance agreement, for a 1.5% NSR royalty payable to Altius. AngloGold entered into an agreement with Orogen 2017, whereby the project was optioned to AngloGold to acquire a 100% interest in the project by paying Orogen a total payment of US$3.0 million by June 21, 2020. On June 3, 2020, AngloGold made the final payment of US$2.4 million to acquire 100% interest in the Silicon project. Orogen retains of a 1.0% NSR on a defined area of interest on the Silicon project, marked on the map below:
