# Orogen Royalties Sells Slaughterhouse Project to Seabridge Gold for Up to $2.85 Million

- URL: https://stocks.freetheai.org/news/orogen-royalties-sells-slaughterhouse-project-to-seabridge-gold-for-up-to-2-85-70fe25
- Published: 2026-10-13T12:00:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [TSXV:OGN](https://stocks.freetheai.org/symbols/TSXV-OGN), [TSX:SEA](https://stocks.freetheai.org/symbols/TSX-SEA)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Orogen Royalties Inc. (TSXV:OGN) has agreed to sell a 100% interest in its Slaughterhouse project to Seabridge Gold Inc. (TSX:SEA). Under the agreement, Orogen will receive $300,000 in cash at closing and up to $2.55 million in conditional milestone payments. Following the announcement, Orogen shares moved up 2.44% to 4.20 CAD, while Seabridge shares rose 3.89% to 40.11 CAD.

The sale allows Orogen to convert a generated project into immediate cash and future royalty optionality. Orogen retains a 2.5% net smelter return royalty on the property, which includes a buydown option for Seabridge to purchase 0.5% for $5 million. Orogen also secured a 0.5% to 1% royalty across a broader 2,400-square-kilometer area of interest.

The transaction is subject to standard closing conditions. Going forward, market participants will watch for transaction completion and any future exploration work by Seabridge that might advance the project toward development or trigger milestone payments.

## Key points

- Orogen Royalties agreed to sell 100% of the Slaughterhouse project to Seabridge Gold for $300,000 upfront cash plus up to $2.55 million in milestone payments.
- Orogen retains a 2.5% net smelter return royalty on Slaughterhouse, with Seabridge holding an option to buy down 0.5% for $5 million.
- The agreement includes a 0.5% to 1% royalty for Orogen across a 2,400-square-kilometer area of interest.
- Orogen shares rose 2.44% to 4.20 CAD, and Seabridge shares gained 3.89% to 40.11 CAD.
- Transaction closing remains subject to customary closing conditions.

## Questions and answers

### How much is Seabridge Gold paying for the Slaughterhouse project?

Seabridge Gold is paying $300,000 in cash at closing, with up to $2.55 million in additional payments if certain milestones are met.

### What royalties did Orogen Royalties keep in the Slaughterhouse sale?

Orogen retained a 2.5% net smelter return royalty on the Slaughterhouse project, which Seabridge can reduce by 0.5% for $5 million, plus a 0.5% to 1% royalty on a 2,400-square-kilometer area of interest.

### Is the sale of the Slaughterhouse project finalized?

The deal has been signed, but closing remains subject to customary closing conditions.