Omai Gold Mines (OMGGF) Stock News, May-Oct 2025

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.

Omai Gold Mines (OMGGF) announced significant drill results from its ongoing 2025 program at the Wenot deposit in Guyana. A notable discovery includes a new gold zone yielding 2.63 g/t Au over 27.5m in West Wenot, located 100m north of known gold zones. Key intersections include 4.87 g/t Au over 9.5m and 2.64 g/t Au over 21.0m. The company has completed 24 holes totaling 15,639m, exceeding the planned 15,000m program. Three drilling rigs are currently active, with results pending for 12 holes. An updated NI 43-101 Mineral Resource Estimate is expected in Q3 2025. The new discovery in hole 25ODD-116 starts at 315m depth and lies outside the 2024 Mineral Resource Estimate, with follow-up drilling already commenced to test the zone's extension.

Omai Gold Mines has initiated drilling of a deep exploration hole at its Omai Gold Project in Guyana. The hole (25ODD-122) will first intersect the Gilt Creek gold deposit and then continue to test the Wenot deposit at approximately 1,100m depth, roughly 600m below its known extent. The Wenot deposit currently has Indicated Resources of 834,000 ounces at 1.48 g/t Au and Inferred Resources of 1,614,000 ounces at 1.99 g/t Au. The adjacent Gilt Creek deposit contains Indicated Resources of 1,151,000 ounces at 3.22 g/t Au and Inferred Resources of 665,000 ounces at 3.35 g/t Au. The company has completed 46 holes totaling 29,050m since February 2024 and maintains a strong financial position with approximately C$29 million in cash as of March 31, 2025.

Omai Gold Mines (OMGGF) announced significant drill results from its ongoing 2025 drill program at the Wenot deposit in Guyana. Key highlights include intersections of 8.51 g/t Au over 9.3m (capped), 3.56 g/t Au over 21.8m, and 2.32 g/t Au over 19.8m. The company has completed 20 holes totaling 13,700m, with results pending for 16 holes. The program is expected to exceed the planned 15,000m as mineralization continues to extend beyond known limits. An independent engineering firm has been engaged to update the NI 43-101 Mineral Resource Estimate, expected to take 2-3 months. The drilling program aims to expand the 2.5km long Wenot deposit, identify mineralization in undrilled areas, and extend known mineralization to depths of 400-450m. The company plans to include both the Wenot expansion and Gilt Creek underground deposit in an updated 2025 PEA mine plan.