Orex Minerals Inc. Advances Its Capital Structure While Concluding a Strategic Sale

Orex Minerals Inc. (TSXV: REX, OTCQB: ORMNF), a Vancouver‑based metals and mining company, has made two significant corporate moves in the first week of February 2026. On 2 February, the company announced a non‑brokered private placement that would raise up to US $5 million. Three days later, it reported that it had sold its ownership interest in the Coneto silver‑gold project, thereby completing a transaction that had been under negotiation for several months.

Non‑Brokered Private Placement

The February 2 announcement, published through a Canadian newswire, described the private placement as a non‑brokered offering in which Orex intends to issue units at US $0.165 per unit. The financing is aimed at strengthening the company’s balance sheet, funding ongoing exploration programs, and providing flexibility to pursue new asset acquisition opportunities. The offering is not intended for distribution to the United States, in compliance with Canadian securities regulations.

The private placement represents a fresh injection of capital at a time when Orex’s share price has hovered near its 52‑week low of CAD $0.10, yet has recently climbed to CAD $0.22 on the TSX Venture Exchange. The company’s market capitalization stands at roughly $7.9 million CAD, underscoring the importance of disciplined capital management for a junior miner.

Sale of Coneto Project Interest

On 5 February, Orex released an update regarding the sale of its ownership interest in the Coneto silver‑gold project. While the newswire did not disclose the sale price, the announcement confirmed that Orex has transferred its stake to a third party and will no longer hold an economic interest in the project. This divestiture allows the company to reallocate resources toward higher‑potential assets within its exploration portfolio.

The Coneto project had been a key component of Orex’s strategy to build a diversified pipeline of gold and silver properties in Canada. By exiting this asset, Orex signals a shift toward more concentrated, high‑grade targets that align with its exploration objectives and capital deployment philosophy.

Contextualizing the Moves

Orex’s recent financial metrics—particularly its negative price‑earnings ratio of ‑2.51—reflect the typical profile of a junior exploration firm that has yet to generate production revenue. The company’s focus on acquiring and exploring mineral properties necessitates periodic capital raises and asset restructuring to maintain momentum.

The private placement and Coneto divestiture are complementary steps: the capital raise provides the liquidity needed to pursue new discoveries, while the asset sale frees up operational and financial bandwidth. Together, these actions demonstrate Orex’s proactive approach to managing its asset base and capital structure in a volatile market.

Outlook

With the new capital infusion and a cleaner balance sheet, Orex is positioned to intensify exploration efforts on its remaining properties. Stakeholders will watch closely for further disclosures on upcoming projects, potential partnership opportunities, and any additional financing activity that may arise as the company seeks to advance its exploration agenda toward production.

All information herein is derived from publicly available sources as of 5 February 2026. The company’s official statements have been used verbatim where appropriate.