Angkor Finalizes Disposition of Oyadao North License in Ratanakiri, Cambodia
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On October 24, 2025, Angkor Resources announced it has finalized the sale of its Oyadao North mineral license in Cambodia to Almighty Natural Resources. The terms of the sale are US$325,000 in cash and a 4% Net Smelter Royalty (NSR) retained by Angkor. As part of the disposition, Angkor's 30% participating partner, Hommy Resources Ltd., received 542,857 common shares of Angkor for its interest. Following this sale, Angkor will continue to focus on its priority projects: the Block VIII onshore oil and gas license, and the Andong Meas and Andong Bor mineral licenses.
The finalization of the Oyadao North license sale is a materially positive event. While the market's primary focus is on the company's flagship Block VIII oil and gas project, this transaction provides several tangible benefits:
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Non-Dilutive Capital: The injection of US$325,000 is significant for Angkor. The company's interim financials as of April 30, 2025, showed a cash position of only C$662,927 and a working capital deficit. This cash infusion strengthens the balance sheet and provides crucial funds for general and administrative expenses and advancing its other mineral properties without resorting to further shareholder dilution.
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Strategic Focus: Divesting a non-core mineral asset allows management to streamline operations and dedicate resources and attention to the high-impact Block VIII project. This simplification of the company's portfolio is a positive development.
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Retained Upside: The retention of a 4% NSR is a key value driver. This is a very high royalty rate that provides Angkor with significant, cost-free upside exposure to any future exploration success at Oyadao North by the new owner.
This news follows a series of transformative updates regarding the Block VIII project. Throughout September and October 2025, Angkor confirmed the completion of its 2D seismic program and, most importantly, the identification of two large anticline structures (South Bokor and Central Bokor) that are prime drill targets. On October 21, the company announced its partner's commitment to drill multiple exploratory wells in 2026. This progress is the primary driver of the stock's recent re-rating.
In the context of this significant de-risking of the flagship asset, the Oyadao North sale is a prudent and timely piece of corporate housekeeping that improves the company's financial stability as it prepares for a potentially company-making drill program.
Angkor Resources Corp. is a Canadian-based junior resource company focused on exploration in Cambodia. Its portfolio includes both mineral properties (Andong Meas, Andong Bor) and an oil and gas project (Block VIII), as well as a producing oil asset in Saskatchewan, Canada.
The undisputed flagship project is the Block VIII onshore oil and gas license in Cambodia. Angkor, through its subsidiary EnerCam, holds the country's only onshore Production Sharing Contract (PSC), covering approximately 3,729 sq km. Cambodia currently imports 100% of its hydrocarbon energy needs, making a domestic discovery a matter of national importance. A recently completed 2D seismic program has successfully identified two large, closed anticline structures—classic hydrocarbon traps—which have been confirmed as drill targets for a program planned in 2026.