Operator: Greenlight Metals Inc.
The Kalium Canyon is located in Nevada and is a low-sulphidation epithermal target is an undrilled, 3.5 km long northeast trending structural zone on the western margin of the Silver Peak District. Historic underground mines exploited high grade silver from three parallel en echelon vein zones southeast of the project, including the Nivloc, 16-1, and Mohawk mines. Orogen’s claims control the next structural corridor to the west in the vein swarm, which cross-cuts the Silver Peak Caldera boundary and appears to be the best preserved cell in the district.
On July 15 2021, Orogen a signed an option agreement with Greenlight Metals Inc. (“Greenlight”) formerly Badger Minerals LLC, a private mineral exploration company, for the Kalium Canyon project. To earn a 100% interest in the Kalium Canyon project, Greenlight will make cash payments of US$1.75 million and exploration expenditures of US$5.0 million over a five-year period. Orogen will retain a 2% NSR royalty of which 0.5% can be purchased for US$2.0 million.