O3 Mining Inc. is pleased to announce crews are being mobilized for the resumption of drilling on its East Cadillac property situated in Val D’Or, Quebec. This is the second rig mobilized following the announcement of the expanded drill program from 50,000 to 150,000 metres. The first drill rig is currently on the Alpha property targeting the [...]
O3 Mining Inc. is pleased to announce that it has significantly expanded its current drill program in Val D’Or, Quebec, by 200%, which include the Malartic, Alpha and East Cadillac properties. O3 Mining has drilled approximately 26,000 metres as part of an originally announced 50,000 metres program in September 2019. Exploration success in [...]
O3 Mining is pleased to announce that in connection with its previously announced bought deal private placement financing, the Company and a syndicate of underwriters led by Cormark Securities, Sprott Capital Partners and Canaccord Genuity, have agreed to increase the size of the previously announced financing. The underwriters have agreed to [...]
O3 Mining is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities, Sprott Capital Partners and Canaccord Genuity, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters have agreed to purchase, on a "bought deal" private placement basis: 4,651,200 flow-through units of the [...]
O3 Mining is pleased to announce that it has signed an option agreement with QMX Gold Corp. to acquire a 100% interest in the Aurbel Mill, located 10 kilometres from O3 Mining's Alpha property. The Mill Option grants O3 Mining the right to acquire the Aurbel Mill, the tailings and all associated permits and liabilities, for a purchase price of CDN [...]
O3 Mining Inc. is pleased to announce it will resume exploration activities on it’s Val D’Or properties following an announcement from the Government of Quebec, which eases restrictions previously in place due to COVID-19. Consistent with past practice, the Company’s priority in this resumption will be the health and safety of its employees and [...]
O3 Mining Inc. is pleased to announce that it has sold its Hemlo properties located in the Hemlo mining district of Ontario to Canadian Orebodies Inc. in exchange for 2,550,000 common shares of Orebodies , and a discovery bonus of CDN $1,000,000, payable in cash or shares at Orebodies' option, if ever, if in the future Orebodies publishes a [...]
O3 Mining Inc. is pleased to announce the appointment of Ausenco Engineering Canada Inc. , as the lead consultant, to prepare a Preliminary Economic Assessment in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects on its 100% owned Marban Project in Val D'Or, Qu?bec. The Marban Project is located in the [...]
O3 Mining Inc. is pleased to announce that it has sold its remaining 24 Tortigny claims, located approximately 125 kilometres North of Chibougamau, Qu?bec, to Kenorland Minerals Ltd. in exchange for cash consideration of CDN $900,00 payable to O3 Mining in four payments over three years, and a 2% net smelter returns royalty over the claims sold to [...]
O3 Mining Inc. is pleased to announce that it has sold a package of 627 claims forming part of the Tortigny property located approximately 125 kilometres North of Chibougamau, Qu?bec to Troilus Gold Corp. in exchange for 1,700,000 common shares of Troilus , and a 2% net smelter returns royalty over the package of claims sold to Troilus . The [...]
O3 Mining Inc. is pleased to announce that it has entered into an asset purchase agreement with Blue Thunder Mining Inc. to sell its Fancamp and Embry properties located in the Chibougamau mining district of Quebec to Blue Thunder in exchange for 4,514,436 common shares of Blue Thunder, and a 2% net smelter returns royalty over the Fancamp and [...]
O3 Mining Inc. is pleased to provide an update on Phase 1 drilling at its East Cadillac property, located 40 km East of Val D’Or, Quebec. The drilling is part of the companies 50,000 m drilling program on it’s Val D’Or properties. Drilling commenced on January 7th 2020, and to date 12,260 m out of 15,000 m have been completed in [...]