Orea Mining Corp. (TSX:OREA) enter into letter of intent to acquire the remaining 55.01% stake in Compagnie Minière Montagne d'Or SAS from Nord Gold plc for CAD 100 million on August 30, 2022. Orea Mining Corp. (TSX:OREA) signed a definitive agreement to acquire 55.01% stake in Compagnie Minière Montagne d'Or SAS from Nord Gold plc on January 4, 2023. The French government ministry responsible for overseeing matters related to Russian sanctions, has approved the proposed transaction with Nord Gold plc. The binding letter agreement is subject to the approval or non-objection of all applicable sanctions authorities, including in France (now obtained), the UK and the United States. Orea intends to fully co-operate with all applicable authorities pertaining to sanctions regulations. The agreement is accretive for Orea shareholders. On April 6, 2023, The French government and Nord Gold PLC have both extended the deadline to close the Acquisition. Orea's legal council has been corresponding with the Canadian government respecting Canadian sanctions against the beneficial owners of Nordgold. Orea believes it will soon receive comfort from the Canadian government, enabling it to proceed to closing of the acquisition imminently. As of May 4, 2023, Nord gold and French government have both extended the deadline to close the acquisition to May 31, 2023, and final response from the Canadian government to Orea's permit application regarding the acquisition is still pending. As on June 13, 2023 the Canadian government rejected the Acquisition. As of July 6, 2023, Orea Mining has proposed amended terms to the share purchase agreement and CAD 100 million payment will only be made if and when all sanctions are lifted against Nordgold and its shareholders, in all applicable jurisdictions, including in Canada, United States, France, United Kingdom and European Union. The Amended Agreement has not been executed by Orea nor by Nordgold and will not be signed without the authorization of applicable sanctions authorities. As of November 22, 2023, Orea Mining Corp. announces that the Supreme Court of France (Conseil d'État) has sent the ruling concerning the renewal of the Montagne d'Or mineral titles back to the Court of Appeals.

Orea Mining Corp. (TSX:OREA) cancelled the acquisition of remaining 55.01% stake in Compagnie Minière Montagne d'Or SAS from Nord Gold plc on November 28, 2023.