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Orecap Announces Strategic Agreement with Mistango to Advance the High-Grade McGarry Gold Project
Highlights: Orecap Retains Significant Ownership, Unlocks Capital Investment Into Its Flagship ...
About this update from Orecap Invest Corp
[{"type":"text","content":"Orecap Announces Strategic Agreement with Mistango to Advance the High-Grade McGarry Gold ProjectHighlights:Orecap Retains Significant Ownership, Unlocks Capital Investment Into Its Flagship Gold Asset, and Positions the McGarry-Omega Corridor for Major District-Scale GrowthToronto, Ontario--(Newsfile Corp. - November 18, 2025) - Orecap Invest Corp‎. (TSXV: OCI) (OTCQB: ORFDF) (\"Orecap\" or the \"Company\") is pleased to announce that it has that it has executed a binding letter of intent dated November 17, 2025 to option its McGarry project (the \"Agreement\") to Mistango River Resources Inc. (CSE: MIS), which is rebranding as Stardust Metal Corp. (\"Stardust\"). The Agreement provides Stardust with the right to earn up to a 75% interest in Orecap's high-grade McGarry Project (\"McGarry\"), located in the heart of the Kirkland Lake / Larder Lake Gold District (the \"Transaction\"). McGarry is a strategic asset with significant upside and Infrastructure.\"McGarry has always been one of Orecap's cornerstone assets. This option agreement ensures significant capital is invested into the project while allowing Orecap to retain meaningful ownership and upside. If the second option is exercised at $50 million, it would be an absolutely fantastic outcome for Orecap shareholders. The alignment between Orecap and Stardust is strong, and we believe this partnership will unlock the district-scale value we've always seen,\" said Stephen Stewart, Chairman of Orecap.Option Structure Designed to Unlock ValueUnder the Agreement, Stardust may earn up to a 75% interest in McGarry through a two-stage option:Option 1 - Earn 50% Interest:Stardust must complete $13 million in total commitments over four years, consisting of:MilestoneCashWork ObligationClosing (\"Initial Payment\")$250,000Frist Anniversary Payment$250,000$2,500,000Second Anniversary of Effective Date $2,500,000Third Anniversary of Effective Date $2,500,000Fourth Anniversary of Effective Date $5,000,000 Specific focus of the Work Obligation will be:Updating McGarry's mineral resource estimates as per NI 43-101Defining potential gold resources within the historic McGarry/Kerr Addison tailings, and Aggressive drill campaigns to delineate, explore and discover new resources with a focus on the Kerr Extension.Upon completing Option 1, a 50/50 Joint Venture will be formed, with...