O3 MINING INC - OIIIF STOCK NEWS

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.

O3 Mining Inc. reports high-grade intercepts from its 2024 drilling campaign at the Malartic H area within the Marban Alliance project. The results include 119.1 g/t Au over 2.5 meters and 80.6 g/t Au over 3.1 meters, showcasing the potential for growth in the deposit. The Malartic H deposit has a recognized strike length of 950 meters and is located near the proposed processing plant. The company continues to demonstrate the robustness of the Marban Alliance Project.

O3 Mining Inc. commences a 3,000-meter drill campaign at Ludovick Sector in the Horizon Project, aiming to explore historic auriferous drill intercepts along the Parfouru Fault corridor. President and CEO, Mr. José Vizquerra, anticipates promising results in the coming months.

O3 Mining Inc. completes the sale of Louvem Property to Eldorado Gold, receiving C$80,000 and retaining a 0.5% NSR royalty. Eldorado Québec gains the right to repurchase 50% of the NSR for C$250,000. The Corporation acquired the Louvem Property from Monarch Gold Corporation in 2020.

O3 Mining Inc. receives the prestigious 2024 PDAC Sustainable Development Award for its exceptional commitment to sustainable development in the mining industry. The award recognizes companies going beyond legal requirements to integrate sustainable practices, benefitting local communities, the environment, and industry advancement.

O3 Mining reports positive results from its 2,886 metre infill drilling campaign in the Norlartic Extension area of the Marban Alliance project in Quebec. Key highlights include high-grade gold intercepts and successful tracing of mineralized corridors. The company plans to integrate these results into future feasibility studies.