Omai Gold Mines Stock Price, News & Analysis

Omai Gold (OTCQB: OMGGF) reported assay results from 11 drill holes (2,615m) at two near-surface exploration targets at the Omai project, Guyana, and said five rigs continue drilling Wenot with ~30,297m completed year‑to‑date.

Highlights include 20.33 g/t Au over 5.3m (hole 25ODD-131), 2.72 g/t Au over 16.3m (25ODD-135), and multiple shallower intercepts. Deep hole 25ODD-122 reached 2,014m and crossed ~280m of the Wenot shear corridor at ~1,120m depth; assays are pending. Company plans an additional ~8,000m before year end and will model new targets for follow-up drilling.

Omai Gold Mines (OMGGF) closed a C$40,000,540 bought‑deal private placement on October 21, 2025, issuing 34,783,000 common shares at C$1.15 per share. The offering was led by Paradigm Capital with a syndicate of underwriters and carried a cash commission of C$2,194,274.75. An officer purchased 200,000 shares, a related‑party participation exempted from formal valuation and minority approval under MI 61‑101. Net proceeds will be used for exploration and development and general working capital. Securities are subject to a Canadian hold period expiring four months and one day after closing and the offering remains subject to final TSXV acceptance.

Omai Gold (OTCQB: OMGGF) filed an NI 43-101 Technical Report dated October 9, 2025 supporting an updated Mineral Resource Estimate (MRE) on its 100%‑owned Omai Gold Property in Guyana.

Key Wenot MRE changes include an Inferred increase of 130% to 3,717,000 oz at 1.82 g/t Au (63.4 Mt) and an Indicated increase of 16% to 970,000 oz at 1.46 g/t Au (20.7 Mt). The combined MRE totals 2,121,000 oz Indicated (2.07 g/t, 31.9 Mt) and 4,382,000 oz Inferred (1.95 g/t, 69.6 Mt).

The Report notes an increased gold price assumption to $2,500/oz, reducing cutoff to 0.30 g/t and expanding contained ounces, plus expansion potential along a minimum 2.5 km Wenot shear corridor. Qualified Persons Eugene Puritch and Elaine Ellingham approved the technical information.

Omai Gold Mines (TSXV: OMG) has announced an upsize to its previously announced bought deal private placement, increasing the offering to $40 million. The company will issue 34,783,000 common shares at $1.15 per share.

Paradigm Capital will serve as the lead underwriter and sole bookrunner. The offering includes an underwriter's fee of 5.5%, with a reduced fee of 3% for the President's List subscribers (up to C$1.5 million). The offering is expected to close around October 21, 2025, subject to regulatory approvals.

Proceeds will be used for exploration, development, and general working capital purposes. The shares will have a four-month hold period in Canada from the closing date.

Omai Gold Mines (OTCQB: OMGGF) has announced significant drill results from its 2025 drilling program at the Wenot deposit in Guyana. Key intersections include 3.08 g/t Au over 25.8m, 6.84 g/t Au over 9.5m, and 1.52 g/t Au over 37.5m. The company has completed 43 drill holes totaling 23,500m this year.

A notable deep exploration hole (25ODD-122) has reached 1,860m depth, encountering the Wenot shear corridor at 1,598m, approximately 1,100m below surface. This represents a potential significant expansion of the deposit at depth. The company is operating with four drilling rigs, focusing on resource optimization and exploration of new satellite deposits including the Camp Zone and Blueberry Hill trend.

The drilling program aims to optimize the resource for an upcoming Preliminary Economic Assessment (PEA) expected in Q1/26, with efforts focused on reducing strip ratios and upgrading Inferred resources to Indicated category.

Omai Gold Mines (OTCQB: OMGGF) announced a significant increase in its Mineral Resource Estimate (MRE) at its 100%-owned Omai Gold Property in Guyana. The update shows Indicated Mineral Resources of 2.1 Moz Au at 2.07 g/t Au (7% increase) and Inferred Mineral Resources of 4.4 Moz Au at 1.95 g/t Au (92% increase).

The property hosts two deposits: the Wenot Deposit with 970,000 oz gold Indicated (16% increase) and 3.7M oz gold Inferred (130% increase), and the Gilt Creek Deposit with 1.15M oz gold Indicated and 665,000 oz gold Inferred. The MRE uses a higher gold price assumption of $2,500/oz, enabling lower cutoff grades and increased total ounces.

The company plans to continue aggressive drilling to expand resources and advance toward a Feasibility Study in late 2026. The project benefits from existing infrastructure including road access, an airstrip, and established tailings sites.

Omai Gold Mines (OTCQB: OMGGF) announced significant drill results from its ongoing 2025 resource expansion program at the Wenot deposit in Guyana. Key highlights include exceptional gold intersections of 17.36 g/t Au over 7.5m (capped), 2.64 g/t Au over 41.8m, and 3.49 g/t Au over 17.4m.

The company has completed 37 holes totaling 20,500m, exceeding its original 15,000m program. The drilling campaign continues to extend gold mineralization at Wenot, with results pending for 8 additional holes. The Wenot shear corridor reaches widths of 350-400m in the central portion and extends at least 2.5km along strike. An updated Mineral Resource Estimate is underway, with a revised Preliminary Economic Assessment expected 3-4 months after.

Omai Gold Mines (OTC: OMGGF) announced significant drilling results from its ongoing 2025 resource expansion program at the Wenot deposit in Guyana. The company reported impressive gold intersections including 2.67 g/t Au over 21.4m, 2.31 g/t Au over 24.6m, and 5.47 g/t Au over 9.7m. The drilling program has surpassed its original 15,000m target, completing 28 holes totaling 17,109m to date.

Key highlights include successful extension of known gold mineralization at Wenot, with multiple high-grade intersections below and along the flanks of both the 2024 MRE and PEA pit shell. An updated NI 43-101 Mineral Resource Estimate is expected next quarter, following a recent site visit by independent consultants. The company continues drilling with three rigs, focusing on Wenot extensions and exploring early-stage targets for potential near-surface satellite pits.

Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) has contracted ERM International Group Limited to begin the Environmental Impact Assessment (EIA) process for its 100%-owned Omai Gold Project in Guyana. The company already holds a two-year interim environmental permit granted in November 2024, allowing for pit preparation work. The project, a brownfields site of a former large-scale mine, is being positioned for redevelopment with potential for a multi-decade mine life. The EIA process will consider current baseline conditions and assess environmental and social impacts. The company has completed comprehensive baseline water studies and biodiversity surveys, and no public comments were received during the EPA's 28-day comment period in September 2024. Management emphasizes the project's potential to create hundreds of long-term jobs and benefit local communities while minimizing environmental impact.