O3 Mining Intersects 119.1 g/t Au over 2.5 Metres at Malartic H, Marban Alliance
Retrieved on:
Wednesday, April 17, 2024
Key Points:
OTC-BB:OIIIF
O3 Mining Initiates Drilling At The Ludovick Sector, Horizon Project
Retrieved on:
Wednesday, March 13, 2024
O3 Mining's President and Chief Executive Officer, Mr. José Vizquerra commented: "This exploration program at the Ludovick Sector in the Horizon Project represents an opportunity to follow up on historic auriferous drill intercepts along a six kilometres long segment of the Parfouru Fault corridor.
Key Points:
- O3 Mining's President and Chief Executive Officer, Mr. José Vizquerra commented: "This exploration program at the Ludovick Sector in the Horizon Project represents an opportunity to follow up on historic auriferous drill intercepts along a six kilometres long segment of the Parfouru Fault corridor.
- Evidence of mineralization within the sedimentary basin clearly opens up promising exploration potential within the sector, beyond the Ludovick zone.
- There has been minimal historical drilling conducted along the 6 km stretch of the Parfouru fault corridor contained within the Horizon property thus offering distinct exploration potential.
- (OGQ #993), Principal Geologist of O3 Mining, who is a "qualified person" within the meaning of NI 43-101.
O3 Mining Sells Its Louvem Property to Eldorado Gold
Retrieved on:
Monday, March 11, 2024
TORONTO, March 11, 2024 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to announce that it has completed the sale of its Louvem Property to Eldorado Gold (Québec) Inc. ("Eldorado Québec").
Key Points:
- TORONTO, March 11, 2024 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to announce that it has completed the sale of its Louvem Property to Eldorado Gold (Québec) Inc. ("Eldorado Québec").
- O3 Mining has agreed to sell to Eldorado Québec a 100% interest in its Louvem Property located in Val-d'Or, Québec, Canada, in exchange for cash consideration of C$80,000 and the retention by O3 Mining of a 0.5% Net Smelter Return ("NSR") royalty payable to the Corporation on all metal production from the claims constituting the Louvem Property ("Louvem NSR").
- The Corporation originally acquired the Louvem Property from Monarch Gold Corporation ("Monarch") pursuant to an asset purchase agreement dated March 16, 2020.
- For additional information regarding the acquisition of the Louvem Property by the Corporation, see the press release " O3 Mining Acquires Interests in the Regcourt and Louvem Properties from Monarch Gold ", dated March 17, 2020.
O3 Mining Received 2024 PDAC Sustainable Development Award
Retrieved on:
Wednesday, March 6, 2024
TORONTO, March 6, 2024 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is proud to announce that it has been honored with the 2024 PDAC Sustainable Development Award.
Key Points:
- TORONTO, March 6, 2024 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is proud to announce that it has been honored with the 2024 PDAC Sustainable Development Award.
- This award, given by the Prospectors & Developers Association of Canada (PDAC), recognizes companies demonstrating an exceptional commitment to sustainable development in the mining industry.
- The PDAC Award for Sustainable Development is one of the most prestigious recognitions in the Canadian exploration sector.
- This recognition by PDAC validates our approach and our ongoing efforts to be at the vanguard of sustainable development practices in the mining industry."
O3 Mining Intersects 9.6 g/t Au over 6.2 Metres at Norlartic Extension, Marban Alliance
Retrieved on:
Thursday, February 22, 2024
Located at the Norlartic Extension deposit, these results strengthen our confidence in expanding the Norlartic Extension satellite pits in our anticipated Feasibility Study.
Key Points:
- Located at the Norlartic Extension deposit, these results strengthen our confidence in expanding the Norlartic Extension satellite pits in our anticipated Feasibility Study.
- We will continue to report on results from our winter drilling campaign in the Marban Alliance project as assays are received."
- The 2023 drilling campaign on the Norlartic Extension focused on best intercepts of the 2022 drilling campaign (see news releases of O3 Mining dated (i) July 6, 2022 and entitled " O3 Mining Intersects 2.3 g/t Au Over 14.8 Metres Outside Resource Pit Shells at Marban Engineering ", and (ii) February 27, 2023 and entitled " O3 Mining Intersects 3.7 g/t Au over 11.0 Metres at Norlartic Extension, Marban Engineering ").
- Only intercepts with metal factor above 5.0 (g/t Au x metres) are reported, cut-off 0.3 g/t Au and above 200 metres from surface.
O3 Mining Announces Director Resignation
Retrieved on:
Wednesday, February 21, 2024
TORONTO, Feb. 21, 2024 /CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") today announced the resignation of Mélissa Desrochers as a Director of O3 Mining to pursue other endeavours.
Key Points:
- TORONTO, Feb. 21, 2024 /CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") today announced the resignation of Mélissa Desrochers as a Director of O3 Mining to pursue other endeavours.
- Ms. Desrochers has been a Director of O3 Mining since April 8, 2021.
- During her time with the Corporation, Ms. Desrochers served as the Chair of the Sustainable Development Committee.
- "On behalf of the members of the Board, the management team and the staff of O3 Mining, I would like to thank Mélissa for her valued contributions and commitment to the success of O3 Mining," said José Vizquerra, President, CEO and a Director of O3 Mining.
O3 Mining Releases Outlook 2024
Retrieved on:
Wednesday, January 31, 2024
TORONTO, Jan. 31, 2024 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to provide a review of 2023 and an outline of the outlook for 2024 focusing on essential catalysts of de-risking the Marban Alliance project, progressing potential strategic synergies, and kicking off the feasibility study.
Key Points:
- TORONTO, Jan. 31, 2024 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to provide a review of 2023 and an outline of the outlook for 2024 focusing on essential catalysts of de-risking the Marban Alliance project, progressing potential strategic synergies, and kicking off the feasibility study.
- Said O3 Mining President and Chief Executive Officer, Mr. José Vizquerra.
- Commencement of feasibility study on Marban Alliance expected in Q2 2024 following results of bridging and optimization engineering from the standalone scenario presented in the pre-feasibility study to alternative mining and milling scenarios.
- (OGQ #993), Principal Geologist of O3 Mining, who is a "qualified person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
O3 Mining Strengthens Presence in the Casa Berardi Trend by Consolidating the Kinebik Project
Retrieved on:
Friday, December 22, 2023
On May 17, 2023, O3 Mining and NewOrigin announced a property sale agreement pursuant to which O3 Mining agreed to acquire (the "Kinebik Acquisition") and NewOrigin agreed to sell all of its rights, titles and interest in and to the Kinebik property located along the Casa Berardi trend in Québec (the "Kinebik Properties").
Key Points:
- On May 17, 2023, O3 Mining and NewOrigin announced a property sale agreement pursuant to which O3 Mining agreed to acquire (the "Kinebik Acquisition") and NewOrigin agreed to sell all of its rights, titles and interest in and to the Kinebik property located along the Casa Berardi trend in Québec (the "Kinebik Properties").
- Please see the news release of O3 Mining dated May 17, 2023 and entitled "O3 Mining Announces Transaction to Acquire Kinebik Property from NewOrigin Gold Corp.".
- On June 13, 2023, O3 Mining and Kinebik closed the first tranche of the Kinebik Acquisition.
- Please see the news release of O3 Mining dated June 13, 2023 and entitled "O3 Mining Announces Closing of Kinebik Property Acquisition from NewOrigin Gold Corp.".
O3 Mining Announces Election to Issue Common Shares in Satisfaction of Convertible Debenture Interest Obligation
Retrieved on:
Tuesday, December 19, 2023
TORONTO, Dec. 19, 2023 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") announces that in accordance with the terms of the senior unsecured convertible debenture issued on June 19, 2023 (the "Debenture"), it has elected to issue 150,721 common shares (the "Common Shares") at a price of C$1.66 per Common Share as payment for, and for the satisfaction of, C$250,000, representing 50% of the total interest due and payable by the Corporation in respect of the December 19, 2023 interest payment on the Debenture.
Key Points:
- TORONTO, Dec. 19, 2023 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") announces that in accordance with the terms of the senior unsecured convertible debenture issued on June 19, 2023 (the "Debenture"), it has elected to issue 150,721 common shares (the "Common Shares") at a price of C$1.66 per Common Share as payment for, and for the satisfaction of, C$250,000, representing 50% of the total interest due and payable by the Corporation in respect of the December 19, 2023 interest payment on the Debenture.
- Pursuant to the Debenture, O3 Mining shall have the right, subject to the approval of the TSX Venture Exchange and other conditions set out in the Debenture, to elect to satisfy up to 50% of its interest obligation in respect of any interest period by the issuance of common shares of the Corporation at a price per share equal to the greater of (i) the volume weighted average price of the Corporation's common shares on the TSX Venture Exchange during the ten consecutive trading days ending on the trading day immediately precedent the applicable interest payment date, and (ii) the minimum price permitted by the TSX Venture Exchange.
- The issuance of the Common Shares as payment in part for the interest owing on the Debenture will be subject to the terms and conditions of the Debenture as well as the receipt of all requisite approvals, including the approval of the TSX Venture Exchange.
O3 Mining Upsizes Previously-Announced Non-Brokered Private Placement Up To C$18.5 Million
Retrieved on:
Friday, December 1, 2023
The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".
Key Points:
- The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".
- The gross proceeds from the sale of the Flow-Through Shares will be used by the Corporation to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Corporation's projects in Québec.
- The net proceeds from the sale of the Hard Dollar Shares are expected to be used by the Corporation for working capital and general corporate purposes.
- This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.