Welcome to our dedicated page for ORBEC GOLD MINES news (Ticker: BLTMF), a resource for investors and traders seeking the latest updates and insights on ORBEC GOLD MINES stock.
The BLTMF news page on Stock Titan aggregates historical news releases and corporate announcements for Mines D'Or Orbec Inc., a former Québec-focused gold exploration company that became a wholly owned subsidiary of IAMGOLD Corporation through a court-approved plan of arrangement. These archived items provide detailed insight into Orbec’s exploration activities at the Muus Project in the Abitibi Greenstone Belt and the steps that led to its acquisition.
Company news covers several key themes. Exploration-focused releases describe drilling campaigns at targets such as Lac Bernard Sud, highlighting anomalous gold intercepts, orogenic gold system characteristics, and geological similarities to IAMGOLD's nearby Nelligan gold deposit. Other updates explain how field work in 2022 identified additional potential for copper-gold volcanogenic massive sulphide mineralization in the northern portion of the Muus Gold Project.
Corporate and transaction-related news items document Orbec’s path from independent explorer to acquisition target. These include the October 19, 2025 arrangement agreement with IAMGOLD, the filing and mailing of the management information circular, securityholder approval of the transaction, the Ontario Superior Court of Justice final order, and the December 22, 2025 completion of the acquisition. Additional releases discuss matters such as annual general meeting voting results, a shares-for-debt settlement, and the appointment of technical advisers and geological consultants.
Investors and researchers can use this news archive to trace how Orbec advanced one of the larger land positions near the Chapais–Chibougamau gold district, how IAMGOLD’s minority shareholding and technical collaboration evolved into a full acquisition, and how exploration results and corporate actions influenced that outcome. For historical context on BLTMF and the Muus Project, bookmarking this page allows convenient reference to the company’s official disclosures over time.
Mines D'Or Orbec (TSXV: BLUE / OTC: BLTMF) completed a plan of arrangement and was acquired by IAMGOLD (NYSE: IAG / TSX: IMG) on December 22, 2025, becoming a wholly owned IAMGOLD subsidiary.
Former Orbec shareholders received total consideration of C$0.125 per Orbec share, comprised of 0.003466 IAMGOLD common share plus C$0.0625 cash per Orbec share. In‑the‑money Orbec options and warrants were cashed out and cancelled; out‑of‑the‑money instruments were cancelled without payment. Orbec common shares will be delisted from the TSX Venture Exchange and removed from OTC Pink, and an application will be made for Orbec to cease being a reporting issuer in BC, Alberta and Ontario.
Mines D'Or Orbec (OTC Pink: BLTMF; TSXV: BLUE) announced that the Ontario Superior Court of Justice issued a final order on December 18, 2025 approving a plan of arrangement under which IAMGOLD (NYSE: IAG; TSX: IMG) will acquire all issued and outstanding Orbec common shares. Securityholders approved the Arrangement at the special meeting on December 15, 2025. Subject to satisfaction or waiver of remaining closing conditions in the arrangement agreement dated October 19, 2025, the parties anticipate completing the transaction on or about December 22, 2025. Deposit agreement and shareholder materials are available on SEDAR+, and Computershare is acting as depositary for questions.
Mines D'Or Orbec (OTC: BLTMF) Securityholders approved a statutory plan of arrangement under Section 182 (Ontario) to be acquired by IAMGOLD (NYSE: IAG / TSX: IMG).
The special resolution passed with 99.97% approval by combined security votes and 58,372,757 shareholder votes cast (≈53.59% of issued shares). Consideration per Orbec share is $0.125, consisting of 0.003466 IAMGOLD shares plus $0.0625 cash. In‑the‑money options and warrants will be cashed out; out‑of‑the‑money instruments will be cancelled.
The company will seek a Court final order on or about December 18, 2025, with the Arrangement expected to close on or about December 22, 2025. Instructions for delivering Letters of Transmittal are available on SEDAR+.
Mines D'Or Orbec (TSXV: BLUE; OTC: BLTMF) filed its management information circular dated November 10, 2025 and mailed proxy materials for a virtual special meeting on December 15, 2025 at 10:00 a.m. (Toronto) to approve a court‑approved plan of arrangement under which IAMGOLD (NYSE: IAG; TSX: IMG) will acquire all Orbec shares.
Under the Arrangement, each Orbec share will receive total consideration of $0.125 (0.003466 IAMGOLD share plus $0.0625 cash), representing an approximate 25% premium to the Oct 17, 2025 TSXV close. The Meeting requires multiple shareholder thresholds and, if approved and conditions satisfied, the Transaction is expected to close on or about Dec 19, 2025. IAMGOLD provided a $500,000 unsecured convertible debenture to Orbec on Oct 20, 2025.
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.