Orogen Royalties upgraded to OTCQX Best Market from OTCQB. CEO Paddy Nicol said the move boosts U.S. visibility and liquidity. The company's royalty model has produced two discoveries, including one now operated by AngloGold Ashanti.
Alpha Score of 70 reflects strong overall profile with strong momentum, moderate value, strong quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Orogen Royalties Inc (TSX-V: OGN; OTCQX: OGNNF) began trading on the OTCQX Best Market on Friday, moving up from the OTCQB Venture Market. The upgrade gives the royalty and mineral exploration company access to a higher tier of U.S. trading, with real-time Level 2 quotes and a requirement for audited financial disclosure.
CEO Paddy Nicol said the move “enables Orogen to enhance its visibility and liquidity with U.S. investors.” The company holds a portfolio of precious metal royalties and copper, gold, and silver projects across Canada, the United States, Mexico, Argentina, Kenya, and Colombia. Its model is to generate royalties by identifying early-stage projects, advancing them to show geological potential, then partnering with miners who fund the drilling. Orogen retains a net smelter return royalty on discoveries.
That strategy has produced two discoveries now in production or advanced development: the Ermitaño project, operated by First Majestic Silver Corp., and the Arthur Gold project, being advanced by AngloGold Ashanti NA. Orogen sold its 1.0% NSR on Arthur to Triple Flag in 2025.
Trading in non-U.S. North American securities on OTC Markets reached $23.4 billion in the second quarter, up 88% from a year earlier. Canada was among the top home markets by volume in the period, OTC Markets Group said.
Orogen's Alpha Score is 70 out of 100, a Moderate rating in the Basic Materials sector. The score reflects the company's diversified royalty base and the track record of its prospect generation model, balanced against the early-stage nature of most of its projects.
To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance, and comply with applicable securities laws. Orogen had been trading on the OTCQB Venture Market.
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