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Wedgemount Resources Sells Royalty on Permian Basin Assets
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Vancouver, BC – TheNewswire - August 11, 2025, – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“Wedgemount” or the “Company”), today announces an agreement to sell up to a five percent (5%) Overriding Royalty Interest (“ORRI”) in the Company’s west central Texas oil and gas assets to an arm’s length third-party (“Purchaser”) for proceeds of up to USD$800,000.
The royalty sale agreement consists of an initial purchase of a one percent (1%) ORRI in Wedgemount’s 100% working interest for total proceeds of $160,000. The Purchaser has a 120-day option to purchase up to an additional 4% ORRI for a total of 5%. The price for each additional one percent (1%) ORRI is USD$160,000. Proceeds from the sale will be used to both upgrade field facilities and optimize producing wells through workovers and chemical treatments.
Commenting on the transaction, Mark Vanry, CEO of Wedgemount said “The ORRI transaction increases our liquidity and thus enables us to deploy more growth capital into our existing assets.”
About Wedgemount Resources Corp.
Wedgemount Resources is a junior oil & gas company focused on maximizing shareholder value through the acquisition, development and exploitation of oil and gas projects in Texas, USA.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Company at:
Telephone: (604) 343-4743
Reader Advisory
This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release includes, deploying more growth capital into existing assets. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct exploration or development programs, successes of the Company’s exploration efforts, availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.