07:11 AM EDT, 10/20/2025 (MT Newswires) -- Orvana Minerals ( ORVMF ) Monday said it has struck an agreement with Compania Minera Taguas to repurchase a 1.0% net smelter return royalty on the Taguas property in Argentina for US$5.6 million.

Compania Taguas was initially granted a 2.5% NSR in 2021 as part of Organa subsidiary Orvana Argentina's acquisition of the Taguas property.

At deal completion, Orvana will hold a 1.0% NSR and Compania Taguas will retain the remaining 1.5% NSR. Orvana Argentina will continue to own 100% of the Taguas property.

The US$5.6 million purchase price for the 1.0% NSR will be paid in installments through October 2028. The transfer of the NSR interest to Orvana will become effective upon completion of the first $1.4 million installment, expected by Oct. 31.

The reacquisition improves project economics by reducing future third-party royalty obligations, which would boost potential project cash flows and net present value.

Orvana's exploration team is preparing for a geophysical survey and deep drilling program that will test the property's gold-copper porphyry potential.