OVI Mining Sirios Merger: James Bay Gold Powerhouse Forms

The Prospector News Podcast · Feb 12, 2026 · 12m

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…