Core Insights - Onyx Gold Corp. announced high-grade drill results from the Munro-Croesus Project, with a significant intersection of 3.4 g/t gold over 69.6 meters, including high-grade subintervals of 13.9 g/t gold over 9.5 meters and 38.5 g/t gold over 3.0 meters [1][2][3] - The company has signed an option agreement to acquire a 21-hectare property adjacent to the Argus North discovery, enhancing its land position and exploration potential [1][11][12] Drill Results - Drill hole MC24-163 intersected a continuous zone of strong gold mineralization, improving upon a previous intersection of 1.9 g/t gold over 48.1 meters [2][5] - The new results indicate a broad mineralized interval within altered mafic volcanics, with visible gold observed in a quartz veinlet [6][5] - The mineralization remains open in all directions, suggesting substantial potential for further expansion [2][5] Option Agreement - The option agreement allows Onyx Gold to acquire a 100% interest in the strategically located property for a total of C$1,515,000 and 3,300,000 shares over three years [11][13] - The property has never been drilled or systematically explored, highlighting its untapped potential [12][11] Future Exploration Plans - Immediate follow-up plans include step-out drilling to extend the new zone to surface and down-dip to trace high-grade zones [9][10] - The company intends to present its near-term exploration plans for its Timmins properties in the coming weeks [10] Project Overview - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 108 km² of highly prospective geology [25][26] - The project includes the past-producing Croesus Gold Mine, known for high-grade gold production [25][29]

Core Points - Onyx Gold Corp. intends to amend the exercise price of 7,143,999 common share purchase warrants from $0.75 to $0.30, with an accelerated expiry provision if the share price exceeds $0.375 for 10 consecutive trading days [1][2] - The company has issued 1,375,000 restricted share units (RSUs) to directors and officers, with a vesting schedule of one-third at 12, 24, and 36 months after the grant date [3] - Nicole Hoeller has stepped down as VP of Corporate Communications but will continue to provide services as an independent contractor through her new venture, NIKLI Communications Inc. [4] Company Overview - Onyx Gold is focused on exploration in Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including the high-grade Munro-Croesus Gold property and other exploration properties [5]

Core Insights - Onyx Gold Corp had a successful year in 2024, marked by new gold discoveries, strategic acquisitions, and exploration milestones, solidifying its position in the Timmins Gold Camp and the Eastern Tombstone Gold Belt [1][2] Exploration Achievements - The exploration team made significant progress at the Munro-Croesus Property, including the discovery of the Argus North Zone and the expansion of the GM Vein, which are expected to drive future exploration success [2][3] - A 25-hole drill program at the Munro-Croesus Property returned notable results, including an intercept of 1.87 grams per tonne (g/t) gold over 48.1 meters in the Argus North discovery [4][5] Strategic Land Consolidation - Onyx Gold expanded its Munro-Croesus Property footprint to 108 square kilometers through key acquisitions, enhancing its exploration pipeline with over 35 near-surface gold prospects [7][8] - Acquisitions included the Lalonde Property, featuring high-grade values up to 2,500 g/t Au, and the Matheson Portfolio, which is proximal to major deposits [7] Yukon Exploration - The King Tut Property in the Yukon underwent a comprehensive exploration program, including the acquisition of the Ra claims and extensive sampling and mapping efforts [9][10] - The field program at King Tut included the collection of 135 channel samples and a notable grab sample returning 25.1 g/t Au [11] Infrastructure Development - Onyx Gold congratulated Fireweed Metals for securing C$35.4 million in funding for critical infrastructure projects in the Yukon, which will benefit Onyx Gold's operations by reducing exploration logistics costs [12][15] Future Plans - The achievements of 2024 have laid a strong foundation for 2025, with plans for targeted follow-up drilling and fieldwork in Timmins [16]

Onyx Gold Confirms High-Grade Gold at King Tut Property, YukonSurface sampling returns 25.1 g/t Gold from the Ra vein fieldNovember 11, 2024 8:00 AM EST | Source: Onyx Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx Gold" or the "Company") is pleased to announce the final results from the 2024 summer field program at the Company's King Tut Property ("King Tut" or the "Property"), in Yukon's Tombstone Gold Belt (Fi ...

Core Viewpoint - Onyx Acquisition Co. I will redeem all outstanding Class A ordinary shares due to the inability to complete an initial business combination by the required deadline, leading to the cessation of operations and liquidation of the company [1][2][5]. Group 1: Redemption Process - The redemption of Public Shares will be effective as of the close of business on November 13, 2024, with a per-share redemption price expected to be approximately $11.42 [1][3]. - The total balance in the Trust Account as of October 25, 2024, was approximately $15,315,732.02, which includes accrued interest [3]. - The Company will retain $100,000 of the interest from the Trust Account to cover dissolution expenses [3][4]. Group 2: Operational Cessation - Following the redemption, the Company will cease all operations except those necessary for winding up its business [2][4]. - The Company will file a Form 25 with the Commission on November 4, 2024, to delist its securities from the Nasdaq Capital Market [5]. Group 3: Shareholder Rights - Public shareholders will have their rights extinguished upon redemption, with no further liquidating distributions available [2][4]. - The Company's sponsor has waived its redemption rights concerning outstanding founder shares and private placement warrants [4].

Vancouver, British Columbia--(Newsfile Corp. - October 4, 2024) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx Gold" or the "Company") announces that it has granted incentive stock options (the "Options") under the Company's Omnibus Share Incentive Plan to officers, directors, employees, and consultants of the Company. An aggregate of 1,650,000 Options were granted at an exercise price of $0.20 per share for a period of five years. All of the Options are subject to vesting over the first 24 months. Th ...

Acquisition Announcement - Onyx Gold Corp. has entered into an agreement to acquire a property consisting of one mining lease and four unpatented mining claims in the Matheson area, Ontario, which will expand the total area of the Munro-Croesus Property to 10,588 hectares (105.8 km²) [1] - The acquisition involves a cash payment of $20,000 and the issuance of 120,000 common shares to the vendor, pending regulatory approval [1] - The property is subject to a pre-existing 2% Net Smelter Return (NSR) payable to another arm's length party [1] Company Overview - Onyx Gold is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory [3] - The company holds a portfolio of gold projects, including the high-grade Munro-Croesus Gold property and two earlier-stage exploration properties, Golden Mile and Timmins South [3] - Onyx Gold also controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries [3] - The company's management team is committed to creating shareholder value through responsible mineral exploration and capital allocation [3]

Core Insights - Onyx Gold Corp. announced significant assay results from its Munro-Croesus Project, highlighting a new zone of strong gold mineralization at the Argus Zone, with notable intersections including 1.87 g/t gold over 48.1 meters, 7.14 g/t gold over 4.5 meters, and 4.05 g/t gold over 10.0 meters [1][3][4] Company Overview - Onyx Gold Corp. is focused on exploration in established Canadian mining jurisdictions, particularly in Timmins, Ontario, where it holds the Munro-Croesus Gold Project, known for its high-grade mineralization [17] - The company has consolidated significant land positions in the region, enhancing its exploration potential [14][17] Project Details - The Munro-Croesus Project covers 104 km² and is located in the Abitibi greenstone belt, a premier gold mining area in Canada [14][15] - The project includes the past-producing Croesus Gold Mine, which is historically known for high-grade gold production [14][16] Drilling Campaign Results - The 2024 drilling program included 25 holes totaling 3,280.5 meters, with five holes specifically targeting the Argus Zone [13] - Drill hole MC24-163 yielded the best intersection to date at the Argus Zone, indicating a new high-grade mineralization zone that remains open in all directions [5][6] Geological Context - The mineralization profile of drill hole MC24-163 is comparable to discovery holes of major Canadian gold deposits, suggesting significant exploration upside [4] - The Argus Zone is associated with a large footprint of bulk-tonnage gold mineralization and is influenced by the regional Pipestone fault, a known control for gold mineralization [4][5] Future Plans - The company is conducting further geological mapping and sampling in the area of the new intersection and plans to return for additional drilling in Q4-2024 [10][8] - Onyx Gold is also evaluating new prospects on recently acquired claims to prioritize future drill targets [10]

. . Onyx Gold Bolsters Munro-Croesus Land Position with Large New Acquisition in Timmins, Ontario September 09, 2024 8:31 PM EDT | Source: Onyx Gold Corp. Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to announce that it has completed the acquisition of a portfolio of Properties (the "Property") from an arm's length party (the "Vendor") located in the Matheson area, east of Timmins, Ontario. The Matheson p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41003 ONYX ACQUISITION CO. I (Exact name of registrant as specified in its charter) Cayman Islands 98-1584432 (State or other jurisdic ...