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OREX MINERALS INC. ANNOUNCES SALE OF CONETO SILVER-GOLD PROJECT TO SILVER VIPER MINERALS
OREX MINERALS INC. ANNOUNCES SALE OF CONETO SILVER-GOLD PROJECT TO SILVER VIPER MINERALS ...
About this update from Orex Minerals Inc.
[{"type":"text","content":"\n\n\nOREX MINERALS INC. ANNOUNCES SALE OF CONETO SILVER-GOLD PROJECT TO SILVER VIPER MINERALS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, 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.\n\n\n\n\n\n\n\nTransaction Summary:\nUnder the agreement, Silver Viper will acquire 100% ownership of the Project from Orex and Fresnillo through an all-share transaction.\nOrex ownership sold: 38.79%.Fresnillo ownership sold: 61.21%.Consideration: 26,250,000 common shares of Silver Viper, at a deemed price of CAD$0.80 per share.Valuation: The transaction values the Project at approximately US$15 million (CAD$21 million).Post-closing ownership: Fresnillo and Orex will hold approximately 17% and 11% of Silver Viper, respectively (undiluted).Additional terms: Anti-dilution rights granted to Fresnillo and formation of a technical committee for future project advancement.Conditions: Completion remains subject to customary conditions, including satisfactory due diligence, board approvals, and acceptance by the TSX Venture Exchange and other regulatory authorities.Finders fee: No finders fee will be payable by Orex in connection with the Transaction.Closing date: The parties will work on closing the Acquisition expeditiously and no later than January 2026.As per TSX Venture Exchange (the \"TSXV\") policies, the Acquisition constitutes a non-arm's length transaction due to a shared director (Steve Cope). The transaction remains subject to TSXV approval.\nManagement Commentary:\nJohn Eren, President and CEO of the Company, commented: \"This transaction reflects Orex's commitment to unlocking value for shareholders by monetizing our interest in Coneto whi...