OR Royalties Acquires Additional Royalties on Spring Valley Project

MONTRÉAL, Feb. 24, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to announce that it has entered into a definitive agreement to acquire Terraco Gold Corp. (“Terraco”), a wholly-owned subsidiary of Sailfish Royalty Corp., which indirectly owns net smelter return (“NSR”) royalty assets (the “NSR Royalties”), largely consisting of royalties that cover Solidus Resources LLC’s (“Solidus”) Spring Valley Gold Project (“Spring Valley” or the “Project”) located in Pershing County, Nevada, USA. OR Royalties is acquiring Terraco and the NSR Royalties for total cash consideration of $168 million (the “Transaction”). The Transaction is subject to the approval of the TSX Venture Exchange and other customary closing conditions, and is expected to be completed in the first half of 2026. Amounts presented are in United States dollars, except where otherwise noted.

OR Royalties, a prominent player in the resource sector, has announced a significant development concerning its royalty portfolio. The company has successfully acquired additional royalties on the Spring Valley Project located in Nevada. This acquisition is part of OR Royalties' strategic initiative to enhance its income-generating assets and strengthen its position in the mining sector.

The Spring Valley Project is noteworthy for its promising geological potential. The site is situated in a region known for its rich mineral deposits and has attracted considerable interest from mining companies. By acquiring more royalties, OR Royalties aims to capitalize on the expected developments in the area, which could lead to increased revenue and shareholder value.

The announcement highlights OR Royalties' proactive approach in expanding its portfolio amid a dynamically evolving market. The company's management expressed optimism about the future of the Spring Valley Project, underscoring that the additional royalties position them favorably as mining operations progress. They believe that these acquisitions will yield long-term benefits due to the anticipated growth of natural resource extraction in the region.

Investors and stakeholders are encouraged by this move, as it signifies OR Royalties' commitment to building a robust royalty portfolio that can provide consistent income streams. This acquisition aligns with the company's overall vision of diversifying and enhancing its revenue generation capabilities through strategic partnerships and acquisitions in mineral-rich locations.

This development comes at a time when the demand for valuable resources is on the rise, driven by global trends in renewable energy and technological advancements. The strategic locations of OR Royalties’ assets are poised to benefit from this demand, particularly with the increasing focus on sustainable mining practices and environmental considerations.

In summary, OR Royalties’ acquisition of additional royalties on the Spring Valley Project is a significant step in bolstering its financial foundation and aligns with the company's long-term growth strategies. As they move forward, stakeholders will be closely monitoring the outcomes of this acquisition and its impact on the company’s performance in the evolving market landscape.