Orea Mining Corp OREAF

Metals & Mining Gold

Orea Mining Corp. is a Canada-based gold exploration and development company. The Company’s principal business activities are the acquisition, exploration and development of resource properties. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project. The Montagne d’Or project is situated in western French Guiana and is comprised of over two mining concessions and over two exclusive exploration permits, covering an area of around 93.5 square kilometers (km2) and is accessible in all season forest road from the town of Saint-Laurent-du-Maroni, for approximately 120 kilometers (kms). It also owns 70% interest in Maripa, which is situated in French Guiana, France. The Antino project is engaged in gold exploration, which is situated in mining friendly Suriname, South America, approximately 275 kms southeast of the capital Paramaribo. The project consists of Rights to Exploitation of Gold (Suriname mining titles) covering across 200 km2.

GREY:OREAF - Post by User

Orea Mining Corp > OREA - more and more Intriguing

<< Previous

Bullboard Posts

Next >>

Post by 123buyholdhopeon Jan 04, 2023 10:33am

315 Views

Post# 35202597

OREA - more and more Intriguing

From the release:

“The Definitive Agreement was signed with the approval of the French treasury (DG Trsor) which is responsible for overseeing matters related to Russian sanctions. Comfort related to sanctions was also obtained from the UK treasury (OFSI), and the US Treasury (OFAC) has been kept informed of all developments, following the signing of the initial letter agreement with Nordgold which was executed under a General Licence that was granted by OFAC in June 2022”.

Fascinating situation – French gov’ (along with US and UK) clearly behind this move by OREA to remove Nordgold from the project. It obviously terminates the 2020 initiated Russian legal action against France. Yet we have had an anti-mine Macron (pre-election) stance and the French SC considering France’s challenge to the Montagne d'Or exploration licenses renewal.

A big tell tale will be if France drops its SC legal action against the Montagne d’Or project. Even I would start buying again.

This is all or nothing now for OREA. Gone the former CEO and now the CFO along with the Nordgold OREA director. In with persons with mine sales experience, etc.

Fascinating.

GLTA - https://twitter.com/EarthsRare

<< Previous

Bullboard Posts

Next >>

Hempalta acquires controlling interest in Hemp Carbon Standard