Welcome to our dedicated page for Osisko Development news (Ticker: ODV), a resource for investors and traders seeking the latest updates and insights on Osisko Development stock.
Osisko Development Corp. develops North American gold assets, led by the fully permitted, 100%-owned Cariboo Gold Project in central British Columbia. The company also reports on the Tintic Project in Utah, a brownfield property in the historic East Tintic mining district with exploration potential, historical mining data and established infrastructure.
Company news commonly covers Cariboo pre-construction, early works, underground development, water-treatment and site-activity updates, as well as Lowhee Zone infill drilling and exploration results. Other recurring developments include financial results, gold sales from small-scale Tintic activities, project financing, warrant exercises, equity incentive grants, index inclusion and management appointments tied to construction, permitting, exploration, compliance and commercial execution.
Osisko Development (NYSE: ODV) will hold its annual and special meeting on June 23, 2026 in Toronto. The company has nominated Keith McKay to its Board of Directors, replacing non-executive director Duncan Middlemiss, and will ask shareholders to approve a name change to Osisko Gold Group Inc.
The proposed name change is intended to reflect a primary gold and precious metals-focused asset base in North America, supported by ongoing de-risking and advancement of the fully permitted Cariboo Gold Project.
Osisko Development (NYSE: ODV) closed an additional US$75 million of 4.125% convertible senior notes due 2031, bringing total notes issued to US$300 million. Net proceeds of about US$290 million will mainly fund the Cariboo Gold Project, capped call costs and general corporate purposes.
The capped calls, costing about US$40.2 million, are intended to raise the effective conversion premium from 25% to 100%, helping mitigate potential dilution. Double Zero Capital invested US$50 million, maintaining significant ownership while subject to a 19.9% blocker condition.
Osisko Development (NYSE: ODV) plans to satisfy the fourth of five deferred payments for its 100% acquisition of the Tintic Project in Utah using common shares. The US$2.5 million payment (C$3,453,000) is to be settled via 871,683 shares at an implied price of about C$3.9613, subject to TSX Venture Exchange approval.
Osisko Development (NYSE: ODV) closed a private offering of US$225.0 million 4.125% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A. Estimated net proceeds are US$215.9 million, to fund capped call transactions, development of the Cariboo Gold Project, and general corporate purposes.
The company granted an option for up to US$25.0 million additional notes and arranged a concurrent US$50.0 million affiliate purchase. Initial conversion is 272.1088 shares per US$1,000, a 25% premium over the US$2.94 share price.
Osisko Development (NYSE:ODV) priced a private offering of US$275 million 4.125% convertible senior notes due 2031, including US$50 million to affiliate Double Zero Capital. The initial conversion price is US$3.68 per share, a 25% premium to the US$2.94 NYSE price.
Estimated net proceeds are US$265.9 million (including the private placement), with US$36.9 million planned for capped call transactions capped at US$5.88 per share. Remaining funds will support the Cariboo Gold Project and general corporate purposes.
Osisko Development (NYSE: ODV) plans a private offering of up to US$275 million aggregate principal amount of convertible senior notes due 2031, including any Affiliate Notes. Net proceeds are expected to fund the Cariboo Gold Project, general corporate purposes, and cash-settled capped call transactions to help offset potential conversion dilution.
Osisko Development (NYSE: ODV) appointed Greg Perrins as Vice President, Sustainable Development, effective May 18, 2026. He brings over 15 years of Indigenous relations leadership in British Columbia, with prior roles at BC Hydro and several provincial ministries and agencies.
Osisko Development (NYSE:ODV) reported Q1 2026 results with approximately $594.3 million in cash and cash equivalents and $153.2 million outstanding on its 2025 project loan facility.
Q1 revenue was $2.2 million from 270 gold ounces at the Tintic Project, alongside a $9.7 million operating loss. The company raised roughly US$143.8 million via an equity offering and received $36.5 million from warrant exercises. Cariboo pre-construction, infill and exploration drilling advanced, Tintic test mining continued, and the San Antonio Gold Project sale closed.
Osisko Development (NYSE: ODV) appointed Ms. Sarah MacDonald as Vice President, Construction Contracting and Commercial, effective May 4, 2026. According to the company, she brings more than 18 years of legal and leadership experience focused on construction contracting, commercial arrangements, risk management and governance.
Ms. MacDonald joins from Dumas Contracting Ltd. (STRACON Group), previously served as General Counsel supporting underground mining operations in Canada, Mexico and the United States, and has prior experience at a major law firm. Educational credentials include an LL.B. from the University of New Brunswick and a B.A. (English) from Dalhousie University.
Osisko Development (NYSE: ODV) granted incentive awards on April 1, 2026 as part of its annual compensation review. The Board approved 1,104,400 stock options and 1,426,600 restricted share units under the Omnibus Plan, totaling 2,531,000 awards.
The Options are exercisable at C$4.51, expire April 1, 2031, and vest in three equal annual installments. The RSUs cliff vest on April 1, 2029 and are subject to time and performance conditions.