OROCO - Copper from Mexico

Stocks
2879

So the first placement came through.
3.6 million USD. Of which Faysal’s contribution alone seemed to be one million.

This will get us forward, and the next placement will be larger and with Canaccord.

Will this already allow us to drill a couple of holes in the Vainilla area, or what are they planning…? I’m a bit out of the loop regarding Vainilla anyway, at what price was it acquired, has it been paid for, is it already owned by Oroco? Apparently not, because Craig said it would be taken care of in a couple of weeks, but I couldn’t quite figure out what its status is…

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The Option grants Oroco’s wholly-owned subsidiary Xochipala Gold SA de CV (“Xochipala”) the sole and exclusive right to acquire a 100% interest in the Vainilla Concession. Initial consideration includes payment of US$75,000 in cash and 100,000 common shares of Oroco issued to the Vendor. The Option will be maintained by semi-annual payments of US$25,000 cash and 100,000 Oroco shares. The Option will be exercised upon payment of US$500,000 in cash and the issuance of 2,000,000 Oroco shares to the Vendor. Upon exercise of the Option, a 1.5% Net Smelter Returns royalty will be granted in favour of third parties designated by Aztec Zinc. For the term of the Option, Xochipala is responsible for 100% of the concession duties payable. Closing is subject to TSX Venture Exchange approval.

I grabbed that directly from the summer press release, and from that, one gets the impression that they pay a little so they can go do some preliminary exploration there, and if it looks good, they’ll pay more.

Does anyone still remember how those drillings are going there now? Are the drills still running there, or have they been running continuously until today? I’d miss those exciting reports that speculated how much wonderful copper there is beneath the surface; those were also eagerly awaited a couple of years ago.

2881

Ah yes, that’s how it went.
So when half a million USD + 2 million shares have changed hands, Oroco’s ownership of Vainilla is 100%? That’s how it should be understood, I guess.

The drills aren’t spinning yet. As a wild guess, I’d say they’ll start again early next year, and indeed, they’ll begin from Vainilla.

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2882

Updates from Oroco!

Nothing surprising, but it’s nice to hear where things are at sometimes.

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2883

Oroco’s 2 million funding round successfully concluded, although the schedules once again slipped past “the end of September”.

If Whittle’s report is received before Christmas and with good results, then my Christmas wishes will be ready in Santa’s bag.

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2884

It’s nice that even adults have something exciting for Christmas. The year 2026 has been quite a grind and one funding round after another. The direction is upwards :fast_up_button: :fast_up_button: :fast_up_button:

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2885

Hopefully, they will also immediately follow this up with their first proper financing from Canaccord as well. Let it be 10 million, but as long as it’s enough to get the drills with their workers to the sites, results out regularly, and the PFS to progress properly for many months at a time.

This endless “waiting for the share price to rise” just doesn’t seem to lead anywhere. The only thing that will raise it is positive drilling results and the PFS.

Over 2 years since the last drilling is already a terribly long time, and every little thing gets delayed.

Although many good things have happened along the way, I sincerely hope that they dare to take the financing immediately and not try any “share price boosting tactic” for the next 4 months after this. Otherwise, we’ll still be waiting in autumn 2026 with new explanations for getting the financing and the drills running…

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2888

From today’s Townhall, the key takeaway was the management’s intention to raise 8-10 million to start drilling as soon as possible. There was strong belief that market confidence would also return once the drills start turning. Political and local-level support is strong, so now jobs are wanted for the people and tax revenues for the state.

The option to raise financing without warrants was also discussed, as feedback has been received from previous rounds regarding their significant ownership dilution effects.

And according to Whittle Consulting’s preliminary results, Santo Tomas Cobre would be one of the most significant copper deposits in the Americas, with an NPV closer to 4.0 billion (i.e., the Santo Tomas deposit that Oroco is developing). This is primarily due to increased metal prices, optimization of operational activities, and improved execution.

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2889

A bit of an update here since there has been some positive buzz in the air again, and even “Polish Markku” has started pumping.

Personally, I remain pessimistic as long as 1) financing remains unresolved and 2) more detailed information on permits is pending. In other words, if the share price rises significantly without major news, I see it more as a speculative rally driven by metal prices rather than an improvement in the company’s own operational outlook. I’m not saying one should use the price hike as so-called exit liquidity (i.e., sell), but I’m not saying it wouldn’t be a smart move either.

We are supposed to get the next financing package in January to continue drilling, but the larger funding round will come later, which should ensure the completion of the PFS.

There is some positive news regarding Mexican mining policy—permits have started being granted again after a long hiatus. Hopefully, Santo Tomas is on the list as well.

So, proceed with caution; the light at the end of the tunnel might just be an oncoming train this time, too.

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2890

Ian and Craig chatting in an interview on the McNallie Money YouTube channel (over 40,000 subscribers). Watch it if you have the patience, but it’s a lot of repetition of the same old familiar things; however, regarding the timelines, the following was stated:

  • The company is preparing to start a pre-feasibility study (PFS) in early 2026.

  • In January 2026, the goal is to secure funding for the continuation of the drilling program.

  • The PFS is estimated to be completed in early 2027.

I didn’t feel like watching it myself, so I asked Google’s Gemini to extract the key points about the timelines above. Gemini summarizes the core message: “In a nutshell, the video conveys that the regulatory uncertainties of 2025 are receding, and 2026 is seen as a pivotal research and development year for Oroco.”

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So it begins

Edit mikä ihmeen autotranslate täällä on päällä? @Sijoittaja-alokas miten saan tän pois?

Oroco Announces Bought Deal Financing Led by Canaccord Genuity

VANCOUVER, British Columbia, Jan. 07, 2026 (GLOBE NEWSWIRE) – Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) (the “Company” or “Oroco”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (“Canaccord Genuity”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 39,474,000 units of the Company (the “Units”) at a price of C$0.38 per Unit (the “Offering Price”) for gross proceeds to the Company of approximately C$15.0 million (the “Offering”).

Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of C$0.53 for a period of 36 months from the closing date of the Offering.

The Company has granted the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to an additional 5,921,100 (15%) of the Units sold pursuant to the Offering, on the same terms and conditions, exercisable in whole or in part for a period of 30 days following the closing of the Offering. If exercised in full, the Over-Allotment Offering will result in additional gross proceeds of up to approximately C$2.25 million, for total gross proceeds of up to approximately C$17.25 million.

The Offering will be completed by way of a prospectus supplement to the Company’s short form base shelf prospectus dated April 23, 2025, filed in all provinces of Canada, other than Québec. The Units may also be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the “1933 Act”), and to accredited investors pursuant to Rule 506 (b) of Regulation D under the 1933 Act, and in certain offshore jurisdictions, in each case in accordance with applicable securities laws.

The Company intends to use the net proceeds from the Offering to fund commencement of Pre-Feasibility Study drilling at the Santo Tomás copper project, advance baseline environmental and permitting work, and for general corporate working capital.

Closing of the Offering is expected to occur on or about January 14, 2026, or such other date as agreed between the Company and Canaccord Genuity, and is subject to customary closing conditions, including receipt of all required regulatory approvals, including approval of the TSX Venture Exchange.

EDIT tää sekoilee nyt ihan täysillä, laitoin englanniksi tän tekstin mutta kääntää automaattisesti, hyi!

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2892

Finally! Drill baby drill!

A suitable amount, that’s already a very good start, and the rest when the share price is much, much higher (hopefully).

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It seems translation is visible to anyone who wants to keep it on. When you click the icon on the side of the site with the letter ‘A’ and the kanji character, the original English text is displayed.

/Offtopic.

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2894

And the offering was immediately oversubscribed, it’s no surprise when you look at the terms.

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2895

Could someone enlighten someone a bit slow here on how this works. So, is this not a PP (Private Placement) to Canaccord, but a general share offering through Canaccord, which is now oversubscribed? Apparently, subscribers will receive their shares on January 14th.

I have a horse in this race, as I first sold my position during the rally and my plan is to buy it back now that the financing has been secured.

Edit: I’m double-checking this because those terms look quite good. I wouldn’t be surprised if there is heavy selling pressure after the issuance of the new shares. Those warrants look like pretty nice sweeteners there.

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2896

Yeah, so Canaccord is acting as the bookrunner/underwriter and shares are subscribed through them. In principle, anyone can participate, but apparently this was largely pre-booked, so there weren’t many shares available. I suspect they’ll expand the offering a bit since it went so fast.

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2897

Alright, thanks! I agree about that expansion potential. I recall that the goal was to raise ~30m CAD to complete the project. Now would seem to be a good opportunity for that.

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Articles

@newsfile/oroco-files-prospectus-supplement-in-connection-with

Vancouver, British Columbia–(Newsfile Corp. - January 10, 2026) - Oroco Resource Corp. (TSXV: OCO) (OTCQB: ORRCF) (the “Company” or “Oroco”) announces that, in connection with its previously announced “bought deal” public offering, it has filed a prospectus supplement dated January 9, 2026 (the “Prospectus Supplement”) to the Company’s base shelf prospectus dated April 23, 2025 (the “Base Shelf” and together with the Prospectus Supplement, the “Prospectus”), to qualify the distribution of 52,631,600 units of the Company (the “Units”) at a price of C$0.38 per Unit (the “Offering”), for approximate gross proceeds of C$20.0 million.

Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of C$0.53 for a period of 36 months from the closing date of the Offering.

The Offering is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the “Underwriters”). The Company has granted the Underwriters an option to purchase up to an additional 7,894,740 Units on the same terms and exercisable at any time up to 30 days following the closing of the Offering, the particulars of which are further described in the Prospectus Supplement.

Closing of the Offering is expected on or about January 14, 2026, and is subject to regulatory approval, including that of the TSX Venture Exchange.

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2899

I saw online that the share price is up +50% today and yet no one here is crowing with joy. You won’t find investors as cool-headed as the ones on the Inderes forum anywhere.

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2900

Everything is so d#mn deep in the red that there is no cause for celebration yet.

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