Oroco Resource Corp. (TSXV: OCO,OTC:ORRCF) (OTCQB: ORRCF) (the “Company” or “Oroco”) announces that, in connection with its previously announced “purchased deal” public offering, it has filed a prospectus supplement dated January 9, 2026 (the “Prospectus Supplement”) to the Company’s base prospectus dated April 23, 2025 (the “Base Shelf” and together with the Prospectus Supplement, the “Prospectus”), to be eligible to receive the distribution of 52,631,600 units of the Company (the “Units”) at a price of C$0.38 per Unit (the “Offering”), for estimated gross proceeds of C$20.0 million.
Each Unit will consist of one common share of the Company (a “Common share“) and one-half of one ordinary warrant for the purchase of shares (each whole warrant, a “Deposit“). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of C$0.53 for a period of 36 months from the closing date of the Offering.
The Offering is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. (collectively the “Insurers“). The Company has granted the Underwriters an option to purchase an additional 7,894,740 Units on the same terms and conditions and exercisable at any time up to 30 days after the closing of the Offering, the details of which are further described in the Prospectus Supplement.
Closing of the Offering is expected on or about January 14, 2026 and is subject to regulatory approval, including the TSX Venture Exchange.
Access to the Prospectus Supplement, the Base Shelf and any amendments is provided in Canada in accordance with the securities laws relating to procedures for providing access to a Shelf Prospectus Supplement, a Base Shelf Prospectus and any amendments to such documents. The Prospectus can be accessed on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement, the Base Shelf and any amendments may be obtained free of charge from Canaccord Genuity Corp. via email at ecm@cgf.com by providing the contact person with an email address or address, if applicable. The Prospectus contains important detailed information about the Company and the Offering. Potential investors should read the Prospectus and other documents filed by the Company on SEDAR+ before making any investment decision.
The securities to be offered pursuant to the Offering have not been and will not be registered under the US Securities Act of 1933, as amended (the “US securities law“) or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT OROCO
The company has a net interest of 87.0% in the central concessions covering 1,173 hectares, “the core concessions” of the Santo Tomas Project, located in northwestern Mexico. The Company also has an 80% interest in a further 7,861 hectares of mining concessions surrounding and adjacent to the Core Concessions (for a total project area of 9,034 hectares or 22,324 hectares). Following an assessment of one of the non-Core concessions, the Company has applied to reduce the area of that concession, with the result that the additional concessions will total 4,948.24 hectares, for a total Project area of 6,121.11 hectares or 15,124.47 hectares. The project is located in the Santo Tomas District, which extends to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization, initially defined by previous explorations during the period from 1968 to 1994. During that time, the Project area was tested with more than 100 diamond and reverse circulation drillings, totaling approximately 30,000 metres. As of 2021, Oroco carried out a drilling program (phase 1) in Santo Tomas, resulting in a total of 48,481 meters drilled in 76 diamond drill holes.
The drilling and subsequent resource estimates and technical studies resulted in a revised MRE and an updated PEA being published and submitted in August 2024. These studies are available on the Company’s website www.orocoresourcecorp.com and by viewing the Company’s profile on SEDAR+ at www.sedarplus.ca.
The Santo Tomas project is located within 170 km of the deepwater Pacific port at Topolobampo and is accessible by highway and proximal rail (and parallel corridors of power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is partially accessible via a 20-mile access road originally constructed for Goldcorp’s El Sauzal mine in the state of Chihuahua.
Additional information about Oroco can be found on its website and by viewing its profile on SEDAR+ at www.sedarplus.ca.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact contained herein, including but not limited to statements regarding future events or performance of the Company, the Offering and the expected timing of closing of the Offering, are forward-looking statements. There is no assurance that the proceeds from the Offering will be spent as planned or that the Offering will close on the intended timeline or at all. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this press release regarding these matters. Oroco assumes no obligation to update the forward-looking statements if they change, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279990
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