Lode Gold closes RTO; Gold Orogen to trade March 2
Executive Summary
- Lode Gold Resources Inc. completed its plan of arrangement and reverse takeover (RTO) with subsidiary 1475039 B.C. Ltd. and Great Republic Mining on Feb 26 2026; the new entity, Gold Orogen Resources (ticker OROG), received CSE listing approval and will begin trading on Mar 2 2026.
- All Lode Gold shareholders will automatically receive 0.5739 OROG shares per Lode share – no action required – creating two distinct public companies with separate growth trajectories.
- The release provides extensive updates on Lode’s Fremont gold‑mine PEA (NPV $554 M at $2,300/oz Au, IRR 42%, 1.16 Moz indicated) and Dingman non‑core asset (376 koz M+I), plus upcoming 2026 drill programs for Gold Orogen’s Yukon and New Brunswick projects.
Key Details
- RTO Completion:
- Plan of arrangement and reverse takeover closed on Feb 26 2026 between Lode Gold, its subsidiary 1475039 B.C. Ltd., and Great Republic Mining.
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CSE approved listing of the resulting issuer “Gold Orogen Resources” (ticker OROG). Trading to commence Mar 2 2026.
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Share Distribution:
- Each Lode Gold share of record on the effective date converts into 0.5739 OROG shares.
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Transfer agent processing ensures immediate delivery; no shareholder action required.
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Fremont Gold Mine – PEA Highlights (NI 43‑101, March 2023):
- After‑tax NPV (5%) = $554 M at $2,300/oz Au; $217 M at $1,750/oz Au.
- IRR = 42%, 11‑year mine life, average production 118,000 oz/year.
- Resource: 1.16 Moz (1.90 g/t Au) indicated + 2.02 Moz (2.22 g/t Au) inferred; only 1.4 km of a 4‑km strike evaluated.
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Three step‑out holes to 1,200 m intersected structure and mineralization.
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Dingman Property – Economic Assessment:
- Non‑core asset, orogenic deposit in Ontario; >22,000 m drilled.
- 2013 PEA confirms economics at $1,800/oz Au.
- Measured & indicated resource 376,000 oz, inferred 47,000 oz.
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Company evaluating M&A or JV partnerships in coming months; geological model development underway.
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Gold Orogen Exploration Plans (2026):
- Yukon: Four high‑priority drill targets – three reduced intrusion‑related gold systems, one sedimentary‑hosted orogenic target identified via VRIFY AI (stacked veins).
- New Brunswick: Confirmed gold‑mineralized rhyolites; first drilling phase completed, assay results pending.
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Program details being finalized; drill programs to commence later in 2026.
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Corporate Structure & Strategy Quote (CEO Wendy T. Chan):
- “We are pleased to have the RTO completed… creating two separate public companies with their specific trajectories for growth and value creation for shareholders.”
Notable Quotes
“The strategy to unlock value is now actively being executed at both companies. Gold Orogen has two highly prospective exploration assets, prediscovery, for the best optionality for investors. Lode Gold has an advanced‑stage exploration/early‑stage development project that are being rapidly advance to PFS spring 2027,” – Wendy T. Chan, CEO & Director.