Welcome to our dedicated page for O3 Mng news (Ticker: OIIIF), a resource for investors and traders seeking the latest updates and insights on O3 Mng stock.
The news feed for O3 Mining Inc. (OTCQX: OIIIF; TSXV: OIII) captures company announcements and joint releases with Agnico Eagle Mines Limited related to its role as a gold explorer and mine developer in Québec, Canada. These items provide insight into how O3 Mining has advanced its principal asset, the Marban Alliance project, and how that project fits within the broader Abitibi gold mining district.
Recent news is dominated by Agnico Eagle’s all-cash offer to acquire all of the outstanding common shares of O3 Mining. Joint news releases dated December 12, 2024 and later describe a definitive support agreement, the launch of a $1.67 per share take-over bid, and subsequent updates on tender levels and transaction milestones. These include announcements of successful take-up of more than 90% of O3 Mining’s shares, mandatory extensions of the offer period, and the planned amalgamation of O3 Mining with an Agnico Eagle subsidiary.
Investors and researchers following OIIIF-related news can use this page to review the progression of the friendly transaction, including lock-up agreements with major shareholders, recommendations from O3 Mining’s board and special committee, and details on the subsequent acquisition transaction. The news also reiterates O3 Mining’s description of itself as a gold explorer and mine developer in Québec, with a 100% interest in its properties and a focus on the Marban Alliance project.
Because the transaction contemplates the de-listing of O3 Mining’s shares from the TSX Venture Exchange and the company’s transition to a private entity wholly-owned by Agnico Eagle, the news archive for OIIIF serves as a historical record of the company’s final period as a publicly traded issuer and of the steps leading to its acquisition.
O3 Mining has announced positive drilling results from its Malartic H deposit within the Marban Alliance project in Quebec, Canada. Key highlights include:
- 35.1 g/t Au over 4.5 metres, including 102.0 g/t Au over 1.5 metres
- 3.0 g/t Au over 15.4 metres
- 2.1 g/t Au over 19.3 metres, including 31.7 g/t Au over 0.7 metre
These results are part of a 24,505 metre drilling campaign aimed at converting inferred mineral resources to the indicated category. The Malartic H deposit shows potential for growth laterally and at depth. O3 Mining's CEO expressed optimism about the deposit's role in enhancing the Marban Alliance Project.
O3 Mining has sold a 100% interest in its Matachewan and Wydee properties to Alamos Gold for C$3,500,000. Additionally, O3 Mining retains a 1.0% net smelter returns royalty on metal production from these properties. The Matachewan and Wydee properties, close to Alamos Gold's Young-Davidson Mine, were acquired by O3 Mining in 2019 as part of its acquisition of Alexandria Minerals. This sale aligns with O3 Mining's strategy to focus resources on its flagship Marban Alliance project, which aims to deliver significant growth and value for shareholders. The transaction simplifies O3 Mining's asset portfolio and enhances its focus on Marban Alliance.
O3 Mining (TSXV: OIII, OTCQX: OIIIF) announced it will issue 215,517 common shares at $1.16 per share to satisfy $250,000 (50%) of its interest obligation under the senior unsecured convertible debenture issued on June 19, 2023. This partial interest payment is for the period ending June 19, 2024. The company has the option to cover up to 50% of future interest payments in shares, subject to TSX Venture Exchange approval. Terms require the share price to be the higher of the 10-day volume-weighted average price or the TSX minimum price.
O3 Mining has announced assay results from its 3,053-meter winter drill campaign at the Ludovick Sector of the Horizon Project. Key intercepts include 0.8 g/t Au over 9.1 meters, 4.6 g/t Au over 1.5 meters, and 4.5 g/t Au over 1.2 meters. The campaign focused on auriferous corridors along the Parfouru Fault corridor. CEO José Vizquerra emphasized the sector's exploration potential due to its proximity to established mining sites. The drill program identified two gold-bearing horizons, suggesting a correlation between gold grades and sulfide content, opening further exploration opportunities. The results align with historical data, highlighting significant exploration potential.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) has published its 2023 environmental, social, and governance (ESG) report, demonstrating the 's commitment to sustainable and responsible development. The report highlights awards received, gender equality achievements, greenhouse gas emissions reductions, water conservation efforts, community engagement initiatives, and charitable contributions. O3 Mining aims to lead the industry in positive change, emphasizing collaboration among industry stakeholders.
O3 Mining Inc. (TSXV: OIII) terminates its option to acquire the Aurbel Mill from Eldorado Gold , originally signed with QMX Gold The decision was made to focus on optimizing resource allocation towards the development of the Marban Alliance project and pursuing potential processing and tailings synergies with industry peers.
FAQ
What is the current stock price of O3 Mng (OIIIF)?
