Business
Origen Signs LOI to Acquire Rare Earth Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to announce that it has entered into a Letter of Intent ("LOI") to acquire a prospective Rare Earth Elements (REE) project in Brazil. The mineral concession package totals 3,978 hectares in two separate parcels and is located in Piauí State in the Northeastern region of Brazil (the "Property"). Key Highlights3,978 hectare claim package with...
About this update from Origin Materials, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to announce that it has entered into a Letter of Intent ("LOI") to acquire a prospective Rare Earth Elements (REE) project in Brazil. The mineral concession package totals 3,978 hectares in two separate parcels and is located in Piauí State in the Northeastern region of Brazil (the "Property").","length":497,"tagName":"p"},{"type":"text","content":"Key Highlights","length":14,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"3,978 hectare claim package with right of first refusal on five other exploration concessions also located in Piauí State leading to potential for a district scale footprint in an emerging area.","length":194,"tagName":"p"}]},{"val":[{"type":"text","content":"Sampling completed by the Vendor returned one sample grading 1.61% TREO (not including Y) with other samples ranging between 0.19 and 0.32% TREO.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Exclusive 150 day Due Diligence Period.","length":39,"tagName":"p"}]},{"val":[{"type":"text","content":"Two deposit models are being evaluated for this project: REE + U enriched phosphate beds and the Ion Absorption Clay Deposit model (IACD).","length":138,"tagName":"p"}]},{"val":[{"type":"text","content":"IACD deposits produce over 80% of all heavy (H)REE supplies worldwide (as estimated in 2024).","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Initial results indicate that the phosphate concretions are enriched in HREEs making them both an attractive target and a potential source rock for HREE IACD mineralization.","length":173,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":782,"olType":false},{"type":"text","content":""We see this opportunity as a particularly good fit with the experience of our exploration team and an in-demand target that can be evaluated quickly. Early stage, impactful acquisitions have been a key to our success in the past and we are excited to initiate the Due Diligence work on this project in the coming weeks," states Gary Schellenberg, CEO and Director.","length":375,"tagName":"p"},{"type":"text","content":"Sampling by Weberte Giovan de Almeida and associates...