Orosur Mining Inc Announces Full Year 2025 Results

Executive Summary

• Orosur Mining Inc. released its audited financial results for the fiscal year ended May 31, 2025, reporting a net income of $9,936k (compared to a net loss of $3,378k in the prior year), driven primarily by income from discontinued operations in Uruguay and Chile.
• The company completed the acquisition of Minera Monte Aguila S.A.S. in November 2024, granting it 100% ownership of the flagship Anzá Gold Project in Colombia, and is advancing exploration at the Pepas prospect with plans for a Mineral Resource Estimate by December 2025.
• Significant financing activities occurred post-period end, including a private placement in March 2025 raising C$6.0M and an upsized brokered private placement announced in September 2025 to raise up to C$20.0M.

Key Details

• Financial Performance (Year Ended May 31, 2025):
  • Net Income: $9,936k (vs. Net Loss of $3,378k in 2024).
  • Net Loss from Continuing Operations: $2,915k.
  • Income from Discontinued Operations: $12,851k (primarily from the extinguishment of liabilities and borrowings in Uruguay and reversal of royalty provisions in Chile).
  • Cash Balance (May 31, 2025): $4,877k (vs. $1,328k in 2024).
  • Total Assets: $9,489k; Total Liabilities: $2,858k; Total Equity: $6,631k.
  • Corporate and Administrative Expenses: $2,615k.
  • Exploration and Evaluation Expenses: $246k.
  • Share-based Compensation: $407k.
  • Gain on Fair Value of Warrants: $683k.
• Operational Updates:
  • Colombia (Anzá Project): Completed acquisition of Minera Monte Aguila S.A.S. (Nov 27, 2024), securing 100% ownership. Retook operatorship and commenced drilling at the Pepas prospect in late November 2024. Exploration at El Cedro prospect shows anomalous gold/copper porphyry system results (>0.3 g/t Au in soils, some >1 g/t Au and 0.5% Cu).
  • Argentina (El Pantano Project): Completed Phase 1 of the joint venture on Feb 17, 2025, earning a 51% interest in Deseado Dorado S.A.S. after investing US$1M over three years. Phase 2 allows for 100% ownership upon an additional US$2M investment over two years. Vendors retain a 2% NSR royalty. Geo-physical IP campaign completed; drilling planned later in 2025 subject to finance.
  • Uruguay: Subsidiary Loryser sold all assets, settled employee obligations, completed reclamation/remediation, and distributed proceeds to trade creditors. Carrying amounts for commercial suppliers and borrowings have been extinguished.
  • Nigeria: Project status under review due to subdued lithium market.
• Financing Activities:
  • Sept 30, 2024: Raised £835k ($1,096k) via placing of 30,035,971 shares at 2.78 pence/share, plus warrants.
  • Dec 19, 2024: Raised £1,250k ($1,566k) via placing of 18,939,394 shares at 6.6 pence/share, plus warrants.
  • March 27, 2025: Closed oversubscribed private placement raising C$6,000k ($4,193k). Sold 35,294,117 units at C$0.17/unit. Each unit includes one share and one-half warrant (exercise price C$0.25, expiring March 27, 2027).
  • Sept 18, 2025 (Post-Year End): Announced upsized brokered private placement to raise up to C$20,000k ($14,388k). Issue of up to 58,823,530 common shares at C$0.34/share. No warrants issued. Expected close: Oct 2, 2025.
• Outlook:
  • Focus on Pepas (Anzá) with target for Mineral Resource Estimate by December 2025, followed by economic assessment for near-term production.
  • Return to wider exploration at APTA and El Cedro after Pepas resource definition.
  • Drilling program at El Pantano, Argentina, planned for later in 2025.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.