Orogen Royalties and Triple Flag Complete Acquisition Deal

Orogen Royalties Inc. has finalized its plan of arrangement with Triple Flag Precious Metals Corp. Triple Flag acquired all outstanding common shares of Orogen for a total of $421 million, translating to $2.00 per share. The consideration includes $171.5 million in cash, the same amount in Triple Flag shares, and shares of Orogen SpinCo valued at $78 million.

Upon the transaction's completion, Triple Flag invested strategically in Orogen SpinCo, subscribing to shares worth $10 million. Orogen SpinCo, holding most of Orogen's previous assets, will continue under the name Orogen Royalties Inc. with a new trading symbol "OGN", commencing trading on July 11, 2025.

Paddy Nicol, CEO of Orogen, emphasized the value crystallization of the Arthur Gold project through this deal. The new entity will maintain its royalty business, managing significant projects in North America. Partnerships with industry leaders, including exploration activities in the U.S., remain pivotal to its strategy.