16:31:24 EDT Thu 24 Sep 2026
Enter Symbol
or Name
USA
CA



Origen Resources Inc
Symbol ORGN
Shares Issued 69,930,154
Close 2026-09-23 C$ 0.065
Market Cap C$ 4,545,460
Recent Sedar+ Documents

Origen to acquire 70% of Campo de Cima in Brazil

2026-09-24 12:11 ET - News Release

Mr. Gary Schellenberg reports

ORIGEN TO PROCEED WITH THE ACQUISITION OF THE CAMPO DE CIMA PROJECT IN BRAZIL

Origen Resources Inc. will proceed with the acquisition of a 70-per-cent interest in the 33,075-hectare Campo De Cima REE (rare-earth element) project in Piaui state, Brazil. After conducting rigorous field due diligence it was confirmed that the project contained areas of highly anomalous rare-earth elements in a geological environment that is conducive to ion absorption clay-hosted REE deposits similar to USA Rare Earths Serra Verde deposit that was recently purchased for $2.8-billion (U.S.).

Project highlights

  • The prospective 33,075-hectare claim package is located in Bahia and Piaui states giving Origen a district-scale footprint and diversification in this emerging area.
  • Property-wide shallow soil sampling completed by the vendor and now confirmed by Origen confirmed an anomalous REE area approximately four kilometres by six kilometres centred on a high value of 282 parts per million TREO plus Y (total rare-earth oxide plus yttrium).
  • The primary target model is the ion absorption clay-hosted REE deposit model.
  • IACD-style deposits produce approximately 80 per cent of all heavy (H)REE supplies worldwide (as estimated in Russo et al., 2025).
  • The IACD model is an attractive REE source because it represents lower energy and less aggressive extractive methods for critical REE metals.

"Our field due diligence exceeded expectations and we are excited to proceed with the acquisition and partnership with the vendors. We believe that northeast Brazil is truly an emerging rare-earth district and we have the good fortune of being one of the first movers in the area now controlling over 68,615 ha. We are currently planning to mobilize crews for our inaugural exploration program within days of receiving regulatory approvals," states Gary Schellenberg, chief executive officer and director.

Origen staff have visited the project area and competed a due diligence review that:

  • Successfully confirmed anomalous soil geochemistry results provided by the vendor that focused on the four-by-six-kilometre primary target area;
  • Examined lateritic soil profiles across the property area to support interpretation of results, assess exploration potential and enable an exploration strategy;
  • Reviewed the design and logistics of an initial exploration program to advance the primary target area.

Incorporadora e Mineracao Santa Rosa Ltda. has identified a significant ionic clay-hosted rare-earth element (REE) target over an area of approximately four by six kilometres within this new 33,075-hectare land package in northeastern Brazil.

Initial reconnaissance soil sampling, conducted by the vendor on a wide sample separation of approximately 1.5 kilometres, defined a spatially coherent anomalous zone, with seven out of 33 samples returning elevated values, including a peak of 282 ppm TREO plus Y. The consistency of anomalous values across wide spacing strongly encourages follow-up infill and systematic exploration. Laboratory analysis was conducted by SGS Geosol, a recognized commercial laboratory with experience in geochemical analysis and holds ISO9001:2015 and ISO14001:2015 certification.

The REE mineralization is interpreted to be hosted within lateritic profiles developed over the Rio Preto Group, a geological setting analogous to other emerging ionic clay-hosted REE deposits in Brazil, including Serra Verde (Goias) and Caldeira (Minas Gerais). This style of REE mineralization is increasingly recognized for its potential for lower energy mining requirements, less chemically aggressive recovery and strategic importance in the global supply of critical minerals.

John Harrop, PGeo, a qualified person as that term is defined in NI 43-101, has supervised the preparation, or approved the scientific and technical disclosure in the news release. Mr. Harrop is employed by Coast Mountain Geological Ltd. where approximately 10 per cent of his time is spent on Origen matters. He is not independent of the company as defined in NI 43-101. Mr. Harrop also holds incentive stock options of Origen. The company does not believe Mr. Harrop's independence is compromised by his role with Coast Mountain and the options of Origen held, and that Mr. Harrop is an independent QP of Origen for the purposes of this news release.

The company and Mr. Harrop are independent of SGS Geosol Laboratory.

Terms of the acquisition

To acquire a 70-per-cent interest after entering into a definitive agreement, Origen will pay the vendor $100,000 (U.S.) and issue two million shares. Origen will make a further and final payment of $100,000 (U.S.) and issue four million shares upon the second anniversary of the definitive agreement. Within two years of completion of the due diligence period, Origen must also incur $1.5-million of exploration expenditures. After this two-year period, Origen and the vendor will enter into a 70/30 joint venture. The vendor will retain a 2-per-cent royalty, of which 1 per cent can be purchased at any time prior to commercial production for $1.5-million (U.S.).

About Origen Resources Inc.

Origen is fully focused on their new Brazilian REE acquisitions, and also holds a 100-per-cent interest in the Los Sapitos lithium project in Argentina, along with a property portfolio of two 100-per-cent-owned precious and base metal projects in Southern British Columbia, for which it is actively seeking partners for.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.