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OR Royalties

Company, with a project stated to be in Quebec, Canada.

Quebec · Canada — as stated on the recordings

Quebec, Canada
May 2026Covered
7 of 10Topics on record
1 executiveNamed on the record
Jurisdiction
Quebec, Canada
Deposit
precious metals (gold and silver)
Latest appearance
15 May 2026
On record
1 interview · 11 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
between 120 to 135 gold equivalent ounces by 2030
Management-stated Jason Attew May 2026
What happens next
life of mine stated as 2042, COO indicates potential extension to 2060
Management-stated Jason Attew May 2026
The main open question
OR Royalties is a capital provider with no direct operating control, and deposit upside depends entirely on partners' execution.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
2 independent voices on record — 2 constructive
Rick Rule, Jordan Rusche
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from OR Royalties's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

2 independent voices — people who do not speak for the company — across 2 mentions.

2 constructive
  • Rick Rule “He says the whole streaming space will do well and specifically names OR Royalty as one he likes.”
  • Jordan Rusche “He cites it as a high-margin, diversified royalty company and a name he would keep until late in a cycle.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the portfolio will deliver 120–135 gold-equivalent ounces by 2030 with 50% top-line growth, no capital required, and exposure to landmark deposits including the Odyssey find in Canadian Malarctic.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the portfolio will deliver 120–135 gold-equivalent ounces by 2030 with 50% top-line growth, no capital required, and exposure to landmark deposits including the Odyssey find in Canadian Malarctic. Rick Rule and Jordan Rusche both name it as a core streaming holding—a high-margin, diversified royalty play positioned for strength late in the cycle.

▼ Bear case

OR Royalties is a capital provider with no direct operating control, and deposit upside depends entirely on partners' execution.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

OR Royalties is a capital provider with no direct operating control, and deposit upside depends entirely on partners' execution. The company straddles precious metals (gold and silver) and base metals (Australia's highest-grade copper), blurring a clear thesis. Little disclosed on permitting timelines, financing risks to partner operators, or dilution.

◆ Watch next

Quarterly production and cash flow from the 2030 portfolio as it scales.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Quarterly production and cash flow from the 2030 portfolio as it scales. Partner progress on Odyssey and Gibraltar. Any extension beyond 2042 life-of-mine for CSA. Management track record after 2.5 years: delivery against the 50% growth target.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 5 statements

The deposit 3

Key takeaway. Management describes the deposit as a precious-metals project focused on gold and silver.

Read the full summary

The company reports that resource size is expected to reach between 120 to 135 gold equivalent ounces by 2030. Regarding exploration potential, management says the Odyssey deposit in Canadian Malarctic is "arguably the best discovery in Canada for decades."

What was actually said
deposit type
precious metals (gold and silver)
“We're a pure play precious metal capital provider”
Jason Attew· 15 May 2026·
exploration upside
Odyssey deposit in Canadian Malarctic, arguably the best discovery in Canada for decades
“Odyssey arguably is the best discovery we've seen in Canada for decades”
Jason Attew· 15 May 2026·
resource size
between 120 to 135 gold equivalent ounces by 2030
“portfolio right now is modeled to deliver uh between 120 to 135 gold equivalent ounces by 2030”
Jason Attew· 15 May 2026·

Jurisdiction 2

Key takeaway. Management says OR Royalties is focused on jurisdictions including Quebec's James Bay region, British Columbia, and Australia, as well as Canada, the US and Australia broadly.

Read the full summary

The company reports these locations as core to their exposure as of May 2026.

What was actually said
country
Canada, US, Australia
“over 75% of our net asset value resides in Canada, the US and Australia”
Jason Attew· 15 May 2026·
region
Quebec, James Bay Quebec, British Columbia, Australia
“huge presence in Quebec. Uh we've got exposure to the Elenor asset in James Bay, Quebec...stream a silver stream on the Gibralar asset operated by TCO in in in British Columbia”
Jason Attew· 15 May 2026·

Economics 2 statements

Economics 2

Key takeaway. Management of OR Royalties says the company's project economics require no capital contribution and involve no operating exposure (May 2026).

Read the full summary

The company reports that this is based on roughly 50% top frontline growth relative to its 2025 base portfolio, though the specific price assumption underlying that growth figure is not detailed in the available claims.

What was actually said
payback
no capital contribution required, no operating exposure
“There's no capital contribution required from us. There's no operating exposure.”
Jason Attew· 15 May 2026·
price assumption
roughly 50% top frontline growth based on 2025 base portfolio
“That's roughly 50% top frontline growth based on our 2025 base”
Jason Attew· 15 May 2026·

Timeline 1 statement

Timeline 1

What was actually said
milestone
life of mine stated as 2042, COO indicates potential extension to 2060
“The stated life of mine based on the reserves as official out there is 2042. However, I would point out that the chief operating officer on their conference call last week of Igno Eagle uh stated he believes that the life of mine will go given the success that they're having on this underground deposit will go to at least 2060”
Jason Attew· 15 May 2026·

Corporate 3 statements

Management 1

What was actually said
track record
30 years in mining industry; worked in geochemistry, exploration, investment banking; advisor on formative deals; former CEO of South Railroad (sold to Osle Mining)
“I've been in the mining industry um 30 years now. I started in the geochemistry uh and exploration projects and I moved to investment banking...I ended up with a couple corporates...found myself in the great basin operating and being CEO CEO of a project called South Railroad which was sold to Orle Mining”
Jason Attew· 15 May 2026·

Share structure 1

What was actually said
insider stake
Jason Attew is President & CEO with 2.5 years tenure
“I found myself at OR Royalties...two and a half years ago”
Jason Attew· 15 May 2026·

Market 1

What was actually said
cost curve position
highest grade underground copper mine in all of Australia (CSA asset)
“It's the highest grade underground copper uh mine in in in all of Australia”
Jason Attew· 15 May 2026·

Outside views 2 mentions

2 mentions by people who do not speak for the company — 2 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

Rick Rule
bullish
He says the whole streaming space will do well and specifically names OR Royalty as one he likes.
The Silver Market· 13 Apr 2026·
Jordan Rusche
bullish
He cites it as a high-margin, diversified royalty company and a name he would keep until late in a cycle.
In it to Win it· 30 Jan 2026·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
15 May 2026 Rule Investment Media Jason Attew, President & CEO of OR Royalties | Rule Symposium 2026: Rick Rule interviews 11

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

buenaventura 1
canadian malartic 1
capstone 1
csa 1
eleanor 1
ghana 1
gibraltar 1
gold fields 1

Questions people ask

What is OR Royalties's project and where is it?

OR Royalties is a resource mining company, with a project stated to be in Quebec, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention OR Royalties?

We track 1 interview mentioning OR Royalties, across 1 channel (Rule Investment Media).

What are investors saying about OR Royalties?

2 independent voices — people who do not speak for the company — are on record discussing it (2 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with OR Royalties cover?

The most-discussed topics on record are the deposit, economics, jurisdiction, timeline — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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