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Positive Updates on Select Development Assets Outside of Current 5-Year Outlook & Acquisition of Silver Stream on South Railroad Project
MONTRÉAL, June 02, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (the “ Company ...
About this update from Or Royalties Inc.
[{"type":"text","content":"Positive Updates on Select Development Assets Outside of Current 5-Year Outlook & Acquisition of Silver Stream on South Railroad Project\n\n\n\n MONTRÉAL, June 02, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (the “\n \n Company\n \n ” or “\n \n OR Royalties\n \n ” or “\n \n OR\n \n ”) (OR: TSX & NYSE) is pleased to provide the following select asset updates. Amounts presented are in United States dollars, except where otherwise noted.\n \n\n Jason Attew, President & CEO of OR Royalties commented: “Today’s update further demonstrates the embedded material optionality within OR Royalties’ robust asset portfolio. None of the assets highlighted herein are included in OR’s current five-year GEO delivery growth outlook of 110,000 – 125,000 GEOs, however, based on the recent positive news associated with each, some or all may potentially be included in future iterations of our 5-year growth outlook. We are also pleased to announce the acquisition of a 100% silver stream on Orla Mining’s South Railroad project in Nevada, further increasing our Company’s exposure to Tier-1\n \n 1\n \n mining jurisdictions.”\n \n\n\n South Railroad (operated by Orla Mining Ltd.)\n \n\n\n On May 19\n \n th\n \n , Osisko Bermuda Limited (“OBL”), a wholly-owned subsidiary of OR Royalites, completed the acquisition of a 100% silver stream (“Silver Stream”) from a fund managed by Orion Resource Partners (USA) LP (“Orion”) with reference to production from Orla Mining Ltd.’s (“Orla”) South Railroad project and Jasperiod Wash deposit (collectively, the “Project”) located in Elko County, Nevada, USA. Orla is planning to release an updated Feasibility Study (“FS”) for South Railroad by end-of-year 2025 and anticipates receiving final permits by mid-2026, followed by a projected pre-production construction timeline of approximately 12 months. Consequently, first production from South Railroad could occur as early as 2027. South Railroad is expected to be an open-pit heap-leach mine, using conventional processing methods, resulting in on-site doré production.\n \n\n Pursuant to the Silver Stream agreement, OBL will purchase refined silver equal to 100% of the reco...