O3 MINING INC - OIIIF STOCK NEWS

O3 Mining Inc. has announced its first maiden Mineral Resource Estimate (MRE) for the Bulldog gold deposit in Val-d'Or, Quebec, revealing 318,000 ounces of gold in inferred resources. The MRE, based on approximately 50,000 meters of drilling, indicates strong growth potential for further exploration.

Notable drill results include 5.3 g/t Au over 3.8 meters at a depth of 125 meters below the existing resource. The MRE was independently prepared and follows NI-43-101 standards, showcasing the company's commitment to advancing its gold projects.

O3 Mining Inc. has filed a Pre-Feasibility Study (PFS) for its Marban Engineering project in Val-d'Or, Québec, with no material differences from previous estimates. The NI 43-101 document, prepared by Ausenco Engineering Canada Inc., outlines a post-tax NPV of C$463 million and an unlevered IRR of 23.3%. The project has a projected annual production of over 160,000 ounces of gold. The PFS is available on SEDAR. The technical details were approved by qualified person Louis Gariépy.

O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) announced the approval of a normal course issuer bid (NCIB) to repurchase up to 4,921,389 common shares, approximately 10% of its public float. The NCIB will commence on October 7, 2022, and run until October 6, 2023, or earlier if the maximum shares are acquired. O3 Mining aims to enhance shareholder value as current trading prices do not reflect the share value. The company previously repurchased 619,100 shares through an earlier NCIB that expired on September 30, 2022.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) held a community meeting on September 28, 2022, in Dubuisson, attended by nearly 100 citizens. The meeting aimed to provide updates on the Marban Engineering project and reaffirm the company’s commitment to community engagement. Key discussions included the Pre-feasibility study results, confirming the project’s economic viability, and plans for a Feasibility Study in 2023. O3 Mining emphasizes transparent communication and has appointed a community liaison officer to foster trust and dialogue with local residents.

O3 Mining Inc. (TSXV: OIII; OTCQX: OIIIF) announced it has become the first exploration company to achieve UL 2723 ECOLOGO® Certification, confirming adherence to rigorous environmental, social, and governance practices. This certification, awarded after a third-party field audit, validates O3 Mining's commitment to sustainability and responsible project development. CEO Jose Vizquerra expressed pride in the milestone, highlighting its significance for stakeholders as the company aims to transition into a gold producer by 2026. O3 Mining maintains 100% ownership of its properties across 66,000 hectares in Quebec.

O3 Mining Inc. (OTCQX: OIIIF) has announced initial results from its 10,500-metre drilling campaign at the Hygrade Fold area, Val-d'Or, Quebec. Noteworthy intercepts include 5.7 g/t Au over 7.6 metres and 20.5 g/t Au over 2.2 metres, indicating significant exploration potential. The region contains historical mines with over 40,000 oz Au produced. A recent pre-feasibility study indicated a robust project, with an NPV of C$463M and an IRR of 23.2%. Further exploration is planned for winter 2023.

O3 Mining has completed a Pre-Feasibility Study (PFS) for its Marban Engineering gold project in Quebec, revealing a robust post-tax net present value (NPV) of C$463 million and an internal rate of return (IRR) of 23.2%. The annual average gold production is projected to be 161,000 ounces, a 40% increase from previous assessments. Initial capital costs are estimated at C$435 million, with an all-in-sustaining cost (AISC) of US$882 per ounce. The project is well-positioned to advance to feasibility studies in 2023 while benefiting from renewable energy sources in the area.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). This DTC eligibility aims to enhance liquidity in the U.S. market by simplifying trading processes and reducing costs for investors and brokers. Additionally, O3 Mining has entered into a six-month trading services agreement with Generation IACP Inc., which will provide investor relations and market-making services for a fee of $7,500 per month, subject to annual increases.

O3 Mining Inc. (OTCQX: OIIIF) has appointed Elijah Tyshynski as its new Chief Financial Officer, effective September 1, 2022. He replaces Blair Zaritsky, who remains as an advisor. Tyshynski has extensive experience, including roles at Osisko and Morgan Stanley, and is expected to help further O3 Mining's objectives. The company, which focuses on gold exploration in Québec, is well-capitalized with 66,000 hectares of properties and aims to deliver superior returns to shareholders.