Origen Signs Definitive Agreement and Increases Rare Earth Element Land Position in Brazil to 35,000 Hectares

Origen Resources Inc. has successfully executed a definitive agreement to acquire a 90% interest in two rare earth element project areas located in Piauí state, Brazil, significantly expanding its regional footprint. The transaction with Weberte Giovan de Almeida and Associates increases the company's total rare earth element land position in Brazil to an impressive 35,000 hectares, demonstrating Origen's commitment to building a substantial resource base in this emerging REE district.

The strategic acquisition is particularly noteworthy given the current global focus on securing reliable supplies of critical minerals, with rare earth elements being essential components in renewable energy technologies, electric vehicles, and defense applications. Brazil represents an attractive jurisdiction for REE development, offering political stability and favorable mining regulations compared to traditional REE-dominated markets.

Beyond the immediate acquisition, Origen has secured a right of first refusal over five additional properties in the region, providing the company with optionality to further expand its land position as exploration advances and market conditions evolve. This strategic positioning suggests management's confidence in the geological prospectivity of the Piauí region and their intention to establish Origen as a significant player in the South American rare earth sector.

The transaction strengthens Origen's portfolio at a time when rare earth element prices remain elevated due to supply chain diversification efforts by Western nations seeking alternatives to Chinese-dominated production. With 35,000 hectares now under control, Origen has the scale necessary to conduct systematic exploration and potentially develop multiple REE deposits within a concentrated geographic area.