Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property

OREX MINERALS INC. COMPLETES SALE OF CONETO SILVER-GOLD PROJECT TO SILVER VIPER MINERALS

Orex Minerals Closes Coneto Divestiture, Trading Equity for Liquidity Risk

By The Northwire Desk — AI Analysis May 04, 2026 · 18:59 REX · 0.25 Orex Minerals Inc.
Executive Summary
  • Event: Orex Minerals Inc. completed the sale of its 38.79% interest in the Coneto Silver-Gold Project to Silver Viper Minerals Corp.
  • Date: May 4, 2026 (Closing Date).
  • Consideration: 25,531,875 common shares of Silver Viper (VIPR) issued at a deemed price of C$0.80 per share.
  • Total Value: US$15 million (C$20,425,500).
  • Structure: All-share transaction; no cash component received by Orex upon closing.
  • Restrictions: VIPR shares are subject to a 4-month statutory hold period under Canadian securities laws.
  • Strategic Rationale: Management states this allows monetization of a non-core asset while maintaining exposure to Coneto's upside and sharpening focus on core Sandra Silver-Gold and Jumping Josephine Gold projects.
Material Impact
  • Expectation vs. Reality: The transaction was announced definitively on March 16, 2026. The May 4 closing confirms the execution of previously disclosed terms. There is no surprise upside in valuation or structure compared to the March announcement.
  • Cash Flow Impact: Contrary to an earlier update on February 5, 2026, which suggested a "combination of cash and Silver Viper common shares," the final closing news confirms an all-share consideration. This reduces immediate liquidity for Orex shareholders who were anticipating some cash proceeds to fund operations or reduce dilution.
  • Asset Quality: The deal removes execution risk associated with the Coneto project but replaces it with equity exposure in a third-party junior miner (Silver Viper). The value of this holding is now dependent on Silver Viper's stock performance and exploration success at La Virginia/Coneto, rather than direct asset ownership.
  • Market Reaction: Given the news was anticipated since March, the market likely priced in the completion. The lack of cash consideration may limit immediate upside momentum compared to a cash deal.
REX · Price
Company Overview
  • Company: Orex Minerals Inc. is a precious metals exploration company focused on Mexico.
  • Flagship Projects:
    • Sandra Silver-Gold Project: Core asset, focus of future resources after Coneto divestment.
    • Jumping Josephine Gold Project: Secondary core asset.
    • Coneto Silver-Gold Project: Previously held 38.79% interest; now sold to Silver Viper Minerals Corp. (Non-core).
  • Jurisdiction: Mexico (Durango and Sonora states), generally considered a mining-friendly jurisdiction but with specific regional risks.
Read the original news release →

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M&A / Property Feb 19, 2026 · 17:05

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M&A / Property Feb 02, 2026 · 18:45

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Financings