Orex Minerals Inc. (TSXV: REX) is a Vancouver-based junior explorer with two distinct current projects after a significant 2026 divestiture. It sold its combined 38.79% interest (Fresnillo plc held the other 61.21%) in the Coneto Silver-Gold Project, Durango, Mexico, to Silver Viper Minerals Corp., closing 4 May 2026 for US$15M (C$20.4M) paid in Silver Viper shares -- Coneto's own resource (2021: 5.325 Mt Inferred, 286,000 oz Au + 19.1 Moz Ag) is no longer an Orex asset. Orex's two remaining projects: (1) Jumping Josephine, 100%-owned, West Kootenay district, British Columbia -- the JJ Main Gold Deposit carries a compliant, current (2011, A.J. Turner/M. Dufresne/S. Nicholls) Indicated resource of 363,000 t @ 2.95 g/t Au = 34,000 oz Au (plus 448,000 t @ 2.08 g/t Au = 30,000 oz Inferred, excluded), and the company continues active drilling explicitly aimed at expanding/updating this resource; (2) Sandra Project (Boleras deposit), a 40%-Orex/60%-Pan-American-Silver joint venture, Durango, Mexico, carrying a compliant, Inferred-only resource of 9.8 Mt @ 106 g/t Ag = 33.3 Moz Ag (Mining Plus, 2016).
Notable vs. Peers
- Trading within 2% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
British Columbia: Fraser PPI 2025 is 74.28 of 100 (rank 31 of 68), which maps to 9 on this site's scale. The Jumping Josephine project is in British Columbia, a Tier-1 Canadian jurisdiction; Orex also holds a 40% joint-venture interest in the Sandra project in Durango, Mexico.
Infrastructure (40%)6.4/10
Confirmed road access at Jumping Josephine (JJ Main Gold Deposit), British Columbia, Canada; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
A Director of Torq Resources Inc. (TSXV: TORQ) and concurrently Director and President & Chief Executive Officer of Orex Minerals Inc. (TSXV: REX). A corporate development advisor with 20 years of professional experience financing premier resource companies. Served as Vice President of Corporate Development at First Nordic Metals and Gold Line Resources (2020-2025) and at Crystal Exploration (2016-2019), and held roles at Auryn Resources, Keegan Resources and Cayden Resources. Holds a Bachelor of Economics from Laurentian University. Source: torqresources.com/corporate/directors/.
Chief Financial Officer of Silver Viper Minerals Corp., effective January 23, 2026; also Chief Financial Officer of Copper Lake Resources Ltd and Orex Minerals Inc. Over 30 years of financial leadership experience spanning public and private companies, with expertise in accounting, capital markets, corporate governance, financial reporting and strategic growth initiatives. Held senior finance roles across North America and the Middle East, including at TSX-listed mining companies. Chartered Professional Accountant (CPA, CA) in Canada and a U.S. Certified Public Accountant (CPA); Bachelor of Commerce (Honors). Concurrently CFO of Goldsky Resources Corp. (TSX-V: GSKR), formerly First Nordic Metals.
Chief Executive Officer and Director of Silver Viper Minerals Corp.; also a director of Orex Minerals Inc. 12 years' experience in the mining sector, having worked in corporate development for Orko Silver Corp, Barsele Minerals Inc, Orex Minerals Inc and Timmins Gold Corp, covering financing, project evaluation, investor relations and mergers and acquisitions.
Director of Orex Minerals Inc. (TSXV: REX). Over 15 years of investment, business development and corporate finance experience; currently President and Director of Somerset Energy Partners, a private Texas-focused oil production company. Source: orexminerals.com/corporate/.
Chairman & Director of Orex Minerals Inc. (TSXV: REX). Over 20 years of experience in the venture capital industry spanning mineral exploration, technology, health care and education. Developed an industrial mineral project in Uganda that was sold to Rio Tinto, and founded Cayden Resources, later acquired by Agnico Eagle Mines for $205 million. Currently founder, CEO and director of Binovi Technology Corp., a neurotechnology company. Source: orexminerals.com/corporate/.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Orex Minerals sold its 38.79% interest in the Coneto silver-gold project in Mexico to Silver Viper Minerals on 4 May 2026 for US$15M paid in Silver Viper shares. Its 100%-owned Jumping Josephine project in British Columbia's West Kootenay district hosts the JJ Main gold deposit, whose 2011 resource is 34,461 oz of gold indicated at 2.95 g/t, with no measured category, plus 29,947 oz inferred, and the company continues drilling to expand it. It also holds 40% of the Sandra project in Durango, Mexico, with Pan American Silver holding 60%, where the Boleras deposit has an inferred-only resource of 33.3 Moz of silver. No economic study has been completed on either project.