ORBEC GOLD MINES INC Stock Price, News & Analysis

Mines d'Or Orbec (OTC: BLTMF) agreed to be acquired by IAMGOLD (NYSE: IAG) under a court-approved plan of arrangement dated October 19, 2025. Consideration is C$0.125 per Orbec share, delivered as C$0.0625 cash plus 0.003466 IAMGOLD share per Orbec share, implying a total equity value of ~C$18.1 million and a ~25% premium to Orbec's October 17, 2025 TSXV close. IAMGOLD holds ~6.70% of Orbec and expects to issue ~369,341 IAMGOLD shares to other Orbec holders. The Transaction includes a C$500,000 convertible debenture facility, a $660,000 termination fee, and is expected to close by the end of 2025, subject to securityholder, court and regulatory approvals.

Highlights:

• Consolidates a 24,979-hectare land position near IAMGOLD's Nelligan and Monster Lake projects.
• Orbec board and special committee recommend the Transaction; a fairness opinion was provided.

Mines D'Or Orbec (TSXV: BLUE) has announced promising initial results from its seven-hole drill program at the Lac Bernard Sud anomaly within its 100% owned Muus Property in Quebec's Abitibi Greenstone Belt. The first batch of results from four holes revealed geological similarities to IAMGold's adjacent Nelligan gold deposit, which has indicated resources of 3.1M oz gold and inferred resources of 5.1M oz gold.

Key findings include anomalous gold zones with grades ranging from 0.15g/t to 0.20g/t Au over 16-18 meter intervals in holes MUUS25-23 and MUSS25-19. The mineralization shows characteristics of an orogenic gold system, with the presence of silicification, pyrite, and arsenopyrite. The company controls 14 km of the highly prospective Guercheville Deformation Zone and plans additional drilling to expand and test mineralization continuity.

Mines D'Or Orbec (OTCQB: BLTMF) has announced a shares-for-debt settlement agreement with a former executive. The company will issue 150,000 common shares at a deemed price of $0.509 per share to settle outstanding severance payments of $76,325.

The Board of Directors has determined this equity-based settlement is in the company's best interests to preserve cash for ongoing operations. The transaction's completion remains subject to TSX Venture Exchange approval and customary closing conditions.

Mines d'Or Orbec (OTC Pink: BLTMF) held its Annual General Meeting on June 25, 2025, with 32,700,824 shares voted, representing 33.57% of outstanding shares. Shareholders approved all proposed items with strong support, including the election of five directors to the Board, reappointment of auditors, and approval of a new 10% rolling stock option plan.

Each director received over 99.9% approval votes, while the stock option plan garnered over 97% approval (excluding insider shares per TSXV rules). The elected directors are Chad Williams, John G. Tait, Kettina Cordero, David Christie, and Paolo Cattelan.

Mines D'Or Orbec (OTC:BLTMF) has appointed Jean-David Moore as an advisor to the company. Moore brings over 20 years of experience in mineral exploration and development consulting, and currently holds significant investments in over 50 junior mining companies, including over 7 million shares of Orbec.

Moore currently serves as director for multiple mining companies including Bullion Gold Resources, Dios Exploration, Fokus Mining, Green Canada, and PTX Metals. He previously served on the board of Vanstar Mining Resources until its acquisition by IAMGOLD in February 2024. Moore holds degrees in Forestry Engineering from Université Laval and has published over 80 scientific papers.

Mines D'Or Orbec (TSXV: BLUE) has appointed Bertrand Brassard as a Geological Consultant. Brassard brings over 40 years of experience in geology, including significant expertise in the Chibougamau Mining Camp. He previously served as Senior Project Geologist and Chief Geologist at Troilus Gold from 2018 to 2021.

Brassard holds a B.Sc. in Geology and an M.Sc. in Economic Geology from the Université du Québec à Montréal. His extensive career includes roles at Westmin Resources, Kennecott Canada, Canadian Royalties, and Niogold. He has co-authored over 30 scientific papers and specializes in gold and strategic mineral projects.

Mines d'Or Orbec (TSXV: BLUE) has launched its 2025 surface exploration program on a second high-priority target within the Muus Property in Quebec's Abitibi gold belt. The company has already completed over 2,000 metres of drilling at Lac Bernard South, with assays pending by Q3 2025.

The exploration program includes systematic mapping, channel sampling, ground truthing of geophysical anomalies, and prospecting. The Muus Property, spanning 25,250 ha, is strategically located near IAMGOLD's Nelligan Deposit, which hosts 8.3 Moz of gold resources. Multiple pyrite and fuchsite-bearing zones were intersected during the summer campaign, showing alteration patterns similar to the Nelligan deposit.

Mines d'Or Orbec (TSXV: BLUE) (OTC: BLTMF) has completed a significant 2,000+ meter diamond drilling campaign at its wholly-owned Muus property in Quebec's Abitibi Greenstone Belt. The campaign focused on the Lac Bernard area, with key drill holes MUUS25-23 and MUUS25-19 intersecting multiple silicified and pyrite-bearing zones.

The property is strategically located along the Guercheville Deformation Zone (GDZ), near IAMGOLD's Nelligan Deposit which hosts 3.1 million ounces of indicated gold resources and 5.1 million ounces of inferred gold resources. The company expects assay results in approximately 6 weeks.

Additionally, Orbec announced a stock option grant of 4,150,000 common shares at $0.06 per share, expiring July 11, 2030.

Mines D'Or Orbec (TSXV: BLUE) has completed the second and final tranche of its non-brokered private placement, raising $430,000 through the sale of 8.6 million units at $0.05 per unit. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.075 within 18 months. The total offering, including the first tranche, raised $1,005,000 through 19.5 million units and 714,284 flow-through shares at $0.07. Proceeds will fund exploration and working capital. The company paid 6% finder's fees and issued finder warrants. Company insiders Chad Williams (Chairman) and John Tait (CEO) each invested $35,000 in the offering, with their participation exempt from formal valuation requirements under MI 61-101.