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- Orogen Royalties Inc. has been selected for the BHP 2025 Xplor program.
- The company will receive approximately US$500,000 and in-kind services from BHP.
- This partnership signals a significant endorsement of Orogen's exploration team capabilities.
In Vancouver, Canada, on January 6, 2025, Orogen Royalties Inc. announced its selection to participate in the BHP 2025 Xplor program, an initiative designed to foster generative exploration in western North America. Orogen is among eight exploration companies chosen from a competitive pool of hundreds of applicants to partake in this prestigious program. This opportunity not only opens doors for Orogen in exploring new geological territories but also aligns them with BHP's industry-leading expertise and resources. As part of this collaboration, Orogen will receive a one-off, non-dilutive grant estimated at approximately US$500,000, along with in-kind services from BHP and its network of industry experts and investors. This funding aims to assist both parties in enhancing geological concepts and formulating exploration programs, which could accelerate advancements in mineral exploration crucial for the energy transition. Paddy Nicol, the CEO of Orogen, expressed enthusiasm over this partnership, highlighting it as a recognition of the company's strong exploration capabilities. Besides gaining financial resources, the collaboration offers Orogen valuable insights and connections from BHP, positioning them for future exploration successes. Marley Palin, Head of BHP's Xplor program, emphasized the rigorous selection criteria that underscored the commitment and prospectiveness of the selected projects, acknowledging Orogen's capacity to innovate within this space. The BHP Xplor program was established in 2023 to support and accelerate mineral exploration efforts that are essential to the energy transition, making Orogen's inclusion not only a positive development for the company but also indicative of a broader industry trend towards sustainable practices and motivations in mineral resources. The initiative aims to leverage synergies between leading exploration firms to uncover new mineral resources that are pivotal for technology and infrastructure needed for the shift towards cleaner energy systems.