Northwire Canada EditionSunday, November 8, 2026
Sign inSubscribe
Northwire
⌕
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%
Financings

OREX MINERALS INC. AMENDS TERMS OF NON-BROKERED PRIVATE PLACEMENT

Orex Cleans Up Administrative Hurdles as it Pivots to $5M Recapitalization and Asset Monetization

By The Northwire Desk — AI Analysis Feb 19, 2026 · 17:05 REX · 0.35 Orex Minerals Inc.
Executive Summary

The most recent news (February 19, 2026) is an administrative amendment to the terms of a previously announced $5 million non-brokered private placement. Key adjustments include a correction to the warrant exercise price (now explicitly stated at $0.22 in the metadata, though previously announced as $0.20 in the Feb 2 release), a 12-month hold period, and updated closing timelines. This follows a flurry of high-impact news earlier in the month, including a modified agreement to sell its 38.79% interest in the Coneto Silver-Gold Project to Silver Viper Minerals Corp for a combination of cash and shares.

Material Impact

The specific news from February 19 is Routine - Neutral as it merely refines the mechanics of a financing. However, the cumulative impact of the February news cycle is Material - Positive for the company’s survival. - Liquidity Injection: The $5 million placement is a "life-raft" financing. As of October 31, 2025, the company was technically insolvent with only $33,396 in cash against $1.13 million in current liabilities. - Asset Monetization: The Coneto sale (valued at ~$15M USD total project value) allows Orex to exit a minority position (38.79%) in a Fresnillo-operated JV. The addition of a cash component to this deal (announced Feb 5) is a critical improvement over the initial share-only term sheet from October 2025. - Dilution vs. Survival: The financing at $0.165 is significantly dilutive (adding 30.3M shares to a base of ~36M), but necessary to clear the $483k debt to related parties and the $650k in accounts payable.

REX · Price
Company Overview

Orex Minerals is a Canadian junior exploration company. Its primary asset has been the Coneto Silver-Gold Project in Durango, Mexico (38.79% Orex / 61.21% Fresnillo PLC). - Status: The project has an Inferred Resource (2021) of 538k oz AuEq. - Strategy Shift: The company is currently divesting this asset to Silver Viper Minerals to transition into a better-capitalized entity. Other assets like "Jumping Josephine" (BC, Canada) are carried at a nominal $1 value and are not active.

Read the original news release →

More from Orex Minerals Inc.

May 04, 2026 · 18:59

Orex Minerals Closes Coneto Divestiture, Trading Equity for Liquidity Risk

M&A / Property Mar 24, 2026 · 07:00

Orex pivots from direct explorer to strategic holding company through US$15M asset monetization

Drill Results Mar 16, 2026 · 08:19

Orex pivots to royalty-style holding through US$15M asset sale while securing Eric Sprott as a cornerstone investor.

M&A / Property Feb 05, 2026 · 08:21

Orex secures cash exit for Coneto as $5M financing dilutes shareholders to save the balance sheet

M&A / Property Feb 02, 2026 · 18:45

OREX MINERALS INC. ANNOUNCES $5 MILLION NON-BROKERED PRIVATE PLACEMENT

Financings