Newfoundland Discovery agrees to acquire Orenoxe, securing earn-in rights to Angola Ganda gold-rare earth project

Reuters2026/08/11 00:20

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Newfoundland Discovery agreed to acquire Orenoxe Holdings, securing staged earn-in rights to up to 70% of GOLDANGO, with an option to reach 90%.
GOLDANGO holds the 786 sq km Ganda gold-rare earth concession in Angola’s Benguela Province, near Atlantic ports and about 60 km from Longonjo.
Consideration includes USD 220,000 cash, USD 140,000 in kwanza fees, USD 450,000 deferred, 9,900,000 shares at $0.12, plus 9,100,000 milestone shares.
The milestone shares vest only after USD 1 million of qualifying exploration spend within 24 months; otherwise they lapse.
Stage 1 work targets USD 1 million over 15 months to vest 51%, rising to 70% at USD 2 million, with closing pending CSE approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newfoundland Discovery Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608102020NEWSFILECNPR____20260810_309129_1) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Newfoundland Discovery agrees to acquire Orenoxe, securing earn-in rights to Angola Ganda gold-rare earth project

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