Business
OREX MINERALS INC. ANNOUNCES SALE OF CONETO SILVER-GOLD PROJECT TO SILVER VIPER MINERALS
Orex Minerals Inc. (TSX-V: REX) ("Orex" or the "Company") is pleased to announce that it has entered into a binding term sheet dated October 27, 2025 with Silver Viper Minerals Corp. (TSX-V: VIPR) (OTCQB: VIPRF) ("Silver Viper") and Fresnillo plc ("Fresnillo") to sell its interest in the Coneto Silver-Gold Project ("Coneto" or the "Project") located in Durango, Mexico.
About this update from Fresnillo Plc
[{"type":"text","content":"VANCOUVER, BC, Oct. 29, 2025 /CNW/ - Orex Minerals Inc. (TSX-V: REX) ("Orex" or the "Company") is pleased to announce that it has entered into a binding term sheet dated October 27, 2025 with Silver Viper Minerals Corp. (TSX-V: VIPR) (OTCQB: VIPRF) ("Silver Viper") and Fresnillo plc ("Fresnillo") to sell its interest in the Coneto Silver-Gold Project ("Coneto" or the "Project") located in Durango, Mexico.","length":473,"tagName":"p"},{"type":"image","alt":"Orex Minerals Inc. (CNW Group/Orex Minerals Inc.)","displaySize":"","headline":null,"caption":"Orex Minerals Inc. (CNW Group/Orex Minerals Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":364,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/4411e8987cd0e8ef0dd669f1382e6123"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/iU1vkq2IgJQplK5xxcRzuw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc3NTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/4411e8987cd0e8ef0dd669f1382e6123","width":364,"height":400}},"href":"https://mma.prnewswire.com/media/2808515/Orex_Minerals_Inc__OREX_MINERALS_INC__ANNOUNCES_SALE_OF_CONETO_S.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Transaction Summary:","length":20,"tagName":"p"},{"type":"text","content":"Under the agreement, Silver Viper will acquire 100% ownership of the Project from Orex and Fresnillo through an all-share transaction.","length":134,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Orex ownership sold: 38.79%.","length":28,"tagName":"p"}]},{"val":[{"type":"text","content":"Fresnillo ownership sold: 61.21%.","length":33,"tagName":"p"}]},{"val":[{"type":"text","content":"Consideration: 26,250,000 common shares of Silver Viper, at a deemed price of CAD$0.80 per share.","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Valuation: The transaction values the Project at approximately US$15 million (CAD$21 million).","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Post-closing ownership: Fresnillo and Orex will hold approximately 17% and 11% of Silver Viper, respectively (undiluted).","length":121,"tagName":"p"}]},{"val":[{"type":"text","content":"Additional terms: Anti-dilution rights granted to Fresnillo and formation of a technical committee for future project adv...