OVI Mining Sirios Merger: James Bay Gold Powerhouse Forms

OVI Mining, a private gold explorer in James Bay, Quebec, is merging with Sirios Resources in a strategic 75-25 deal set to close late February, just before PDAC—uniting OVI’s James Bay gold deposits with Sirios’s flagship Cheechoo project boasting 3 million ounces. CEO Jean-Félix Lepage and Prospector Podcast Michael Fox highlight the combo’s power: Sirius’s 30 years of regional know-how, Cheechoo’s high-grade potential with expansion upside and low strip ratio, plus Osisko’s alignment for methodical advancement, permitting, capital raises, and strong First Nations ties. The new entity, led by Jean-Félix Lepage as President/CEO and Dominique Doucet as Chairman, eyes an 80-20 funding split toward Cheechoo development and summer 2026 drilling for a Q1 2027 PEA—watch Northern Quebec’s next big gold play evolve!

Sirios Resources

https://www.sirios.com/en/

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