Court Clears IAMGOLD’s Acquisition of Mines D’Or Orbec

Blue Thunder Mining ( (TSE:BLUE) ) just unveiled an update.

The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement under which IAMGOLD Corporation will acquire all issued and outstanding common shares of Mines D’Or Orbec Inc. The transaction, governed by an arrangement agreement dated October 19, 2025, is expected to close on December 22, 2025, once remaining conditions are satisfied or waived, marking a key step in consolidating IAMGOLD’s position in the Abitibi Greenstone Belt and providing Orbec’s securityholders with a definitive path to liquidity and integration into a larger gold producer’s asset portfolio.

Spark’s Take on TSE:BLUE Stock

According to Spark, TipRanks’ AI Analyst, TSE:BLUE is a Underperform.

The overall stock score is significantly impacted by the company’s weak financial performance, marked by negative profitability and revenue absence. While there are some positive technical indicators and corporate governance improvements, these are overshadowed by fundamental financial challenges. The stock’s negative P/E ratio and lack of dividends further dampen its attractiveness.

To see Spark’s full report on TSE:BLUE stock, click here.

More about Blue Thunder Mining

Mines D’Or Orbec Inc. is a gold exploration company that owns 100% of the Muus Project, a 25,250-hectare mineral claim package near Chibougamau, Québec, in the northeastern Abitibi Greenstone Belt. The Muus property is prospective for gold and copper-gold volcanogenic massive sulphide mineralization and lies adjacent to, and on strike with, IAMGOLD’s Nelligan Gold Project, with technical collaboration already in place between the two companies.

Average Trading Volume: 485,033

Technical Sentiment Signal: Buy

Current Market Cap: C$17.01M

See more data about BLUE stock on TipRanks’ Stock Analysis page.