ORBEC GOLD MINES INC Stock Price, News & Analysis

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.

Mines d'Or Orbec Inc. (TSXV: BLUE) has announced the commencement of its fully funded and permitted inaugural drill program on the Muus Property in Quebec, scheduled to begin June 16, 2025. The property, spanning 25,250 hectares near Chapais, includes the Lac Bernard Sud corridor, strategically located along strike within the same structure as IAMGold's Nelligan gold project (3.1M oz Indicated at 0.95 g/t Au, 5.2M oz Inferred at 0.96 g/t Au). Phase One will include 2,000 metres of diamond drilling, targeting intersections of the Guercheville and FanCamp Deformation Zones. The company has identified promising gold-in-till anomalies with values exceeding 0.5 g/t Au, suggesting proximal bedrock sources. Initial assay results are expected between mid to late August 2025.

Mines D'Or Orbec (TSXV: BLUE) has requested a 30-day extension from the TSX Venture Exchange for price protection related to its private placement offering. The offering, initially announced on April 2, 2025, requires additional time to complete further subscriptions for its second and final tranche, which is expected to close by the end of May 2025.

The completion of the offering remains contingent on receiving further subscriptions and obtaining necessary corporate and regulatory approvals, including TSXV approval. Securities issued through this offering will be subject to a four-month plus one day hold period from the issuance date.