Impact: Positive
O3 Mining announced that it has signed an option agreement with QMX Gold Corp. (TSXV:QMX, Not Covered) to acquire a 100% interest in the Aurbel Mill in Val d’Or. The fully permitted mill is located close to the company’s Alpha property and would play a pivotal role in allowing the numerous projects at the property to potentially produce gold in the future. We believe that the Aurbel Mill is an important asset that could potentially help O3 Mining become the next major gold player in Quebec’s prolific Abitibi greenstone belt.