Oriole Resources (ORR): Sale of Muratdere Royalty

This situation live

ORR Oriole Resources

£13m · 0.3p · −12% since the first step

18 Sep 2026 · Agreed; first tranche received, title transferred · −15% since US$400,000 of the consideration has already been received and the title to the Royalty has been transferred to Ardent;

Disposal of a part (break-up)

Sale of Muratdere Royalty

Agreed; first tranche received, title transferred

MAR19 Next: Second US$400,000 tranche due from Ardent in 145 days

Every step · 1

18 Sep 2026 Agreed; first tranche received, title transferred – US$400,000 of the consideration has already been received and the title to the Royalty has been transferred to Ardent; ↗

What is happening

Oriole Resources: Sale of Muratdere Royalty – Agreed; first tranche received, title transferred. ['Agreed; first tranche received, title transferred']

In short: Oriole agreed on 18 Sep 2026 to sell its 1.2% NSR royalty in the Muratdere project in Turkey to Ardent Metals for US$1.2m in three tranches. US$400,000 is received and title has transferred. The balance falls due in 2027, and title reverts to Oriole if either payment is late.
Announced: 18 Sep 2026 · Agreed; first tranche received, title transferred
Price: US$1.2 million in three tranches of US$400,000
Buyer: Ardent Metals LLC-FZ, a company incorporated in Dubai
Business sold: 1.2% post-tax NSR royalty in the Muratdere project, Turkey, held since 2019
Received: First US$400,000 received; title to the Royalty transferred to Ardent
Next milestone: US$400,000 by 19 March 2027 and US$400,000 by 19 September 2027
Conditions: Title reverts to Oriole in full if either outstanding instalment is paid late

What comes next

Second US$400,000 tranche due from Ardent (19 Mar 2027).

From the company's own announcements. Not investment advice.

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