https://www.miningweekly.com
Exploration|Gold|Mining
Exploration|Gold|Mining
exploration|gold|mining

Osisko and O3’s ‘Electric Elements’ to explore James Bay

16th November 2023

By: Creamer Media Reporter

     

Font size: - +

Mining firms Osisko Development and O3 Mining on Wednesday unveiled plans for a new company that will explore for lithium in James Bay, Quebec.

Osisko Development and O3 Mining transferred certain James Bay properties to the new company, named Electric Elements Mining.

The spinoff allows both companies to focus on their on gold assets, while continuing to have exposure to the transferred assets through their respective ownership interests in Electric Elements.

The new lithium company has completed an equity financing of 8.22-million shares at C$0.50 each, raising C$4.11-million for exploration.

Following the financing, Osisko Development and O3 Mining hold about 47% and 12%, respectively, of Electric Elements and subscribers participating in the financing hold the balance.

Edited by Creamer Media Reporter

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.169s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: