Business
Origen Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2023) - Origen Resources Inc. (CSE: ...
About this update from Origen Resources Inc
[{"type":"text","content":"Origen Provides Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - September 5, 2023) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the \"Company\" or \"Origen\") is pleased to provide a corporate update on its lithium-focused portfolio of projects and investments.TradingThe Company reports there is no material information responsible for the large block of selling last week. Origen continues its outreach to current and prospective investors, and notes its recently announced normal-course issuer bid.\"It was an unfortunate trading anomaly that resulted in a significant devaluation of our shares. I can assure shareholders that our assets remain intact and as valuable today as they were two weeks ago when our share price was trading at over $0.20. Management is committed to rebuilding shareholder value over the coming weeks,\" states Gary Schellenberg, CEO. Los Sapitos Lithium Project, ArgentinaOrigen is currently receiving and modelling data from the recent geophysical program at Los Sapitos, and waiting for a second batch of sampling results focused on the clay-prospective areas of Los Sapitos. The Company is also waiting on sampling results from the proposed Los Toritos acquisition, to the south and west of the main Los Sapitos claims, which now cover a total of 344 square kilometres over several prospective basins in northern San Juan Province. Origen continues to work closely with Gabriel Pindar, one of the Company's Technical Advisory Board members, to advance this project.Newfoundland Lithium Project, CanadaOrigen continues to assemble historical data on the Newfoundland Lithium Project, which covers 33,000 hectares along a lithium prospective corridor that stretches the province. This corridor is related to the same geological event that created spodumene bearing pegmatites from Ireland to North Carolina.LGM/Wishbone, Golden Triangle, CanadaThe Company has just completed a site visit and sampling program at Wishbone, identifying newly-exposed areas hosting massive sulphides. Origen continues to solicit offers to purchase this group of copper and gold targets in the middle of the Golden Triangle in northwestern BC.About OrigenOrigen is fully focused on its 100% interest in the Los Sapitos Lithium project in Argentina and its 100% interest in the 33,000 ha Newfoundland Lithium projects, and also hold...