07:02 AM EDT, 10/16/2024 (MT Newswires) -- O3 Mining ( OIIIF ) , which rose near 3% yesterday, on Wednesday said the TSX Venture Exchange approved the company's normal course issuer bid that allows it to buy up to 10% of its public float.

"Management believes that the shares have been trading in a price range which does not adequately reflect their value and that the purchase of the shares under the NCIB is in the best interests of the corporation, a desirable use of its available cash, and will enhance shareholder value in general," an O3 statement said.