Earlier this month, County 10 shared an update from Governor Mark Gordon that stated an unknown company swooped in on millions of acres up for grabs in southern Wyoming. Seemingly knocking the state out of the running for that land.
This afternoon, Occidental Petroleum Corporation named the bid winners as Orion Mine Finance in a press release. Orion is reportedly purchasing Occidental Petroleum Corporation’s land in Wyoming, Utah, and Colorado for a cool $1.33 billion.
The acquired properties will be held under Sweetwater Royalties, a new base metals and industrial minerals royalty company, managed by Orion. The transaction is expected to close in the fourth quarter of 2020.
Orion was reportedly founded in 2004 and is headquartered in NYC. They speecialize in institutional metals and mining investment strategies in the base and precious metals space.
You can read the complete press release by clicking here.