Osisko Development Corp Stock Price, News & Analysis

Osisko Development (NYSE: ODV) announces that its Cariboo Gold Project in British Columbia has reached a important permitting milestone. The Mines Act permit has been referred for decision to the BC Ministry of Energy, Mines and Low Carbon Innovation, with Environmental Management Act permits review completed. Final decisions are expected in Q4 2024. The company has established participation agreements with Lhtako Dené Nation and Williams Lake First Nation, but negotiations continue with Xatśūll First Nation. The project received its Environmental Assessment Certificate in October 2023 after addressing over 1,700 comments, and has successfully closed over 1,800 comments during the Mine Review Committee process.

Osisko Development (NYSE: ODV, TSXV: ODV) has announced that its private placement offering of Units has been oversubscribed and fully allocated. The company expects to issue 31,944,700 Units at US$1.80 per Unit, raising total gross proceeds of US$57.5 million. The offering is expected to close around November 12, 2024, subject to necessary approvals from the New York Stock Exchange and TSX Venture Exchange. The securities will have a four-month and one-day hold period from the closing date and have not been registered under the U.S. Securities Act.

Osisko Development Corp (TSXV: ODV) (NYSE: ODV) is advancing sustainable mining operations in Canada and the USA, focusing on past-producing camps. The company emphasizes environmentally responsible mine development, leveraging clean hydroelectric energy through grid access. Their strategy combines ESG innovation with resource development, prioritizing economic benefits while maintaining commitments to local job creation and community engagement.

Osisko Development (NYSE: ODV, TSXV: ODV) has announced a marketed private placement offering of up to 27,778,000 units at US$1.80 per unit, aiming to raise approximately US$50 million. Each unit includes one common share and one purchase warrant exercisable at US$3.00 until October 1, 2029. The Lead Agents have an option to sell an additional 4,166,700 units. The proceeds will fund the advancement of Cariboo and Tintic Projects, partially repay existing credit facility, and support general corporate purposes. The offering is expected to close around November 12, 2024, subject to regulatory approvals.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has successfully closed its non-brokered private placement, raising US$34.5 million through the issuance of 19,163,410 Units at US$1.80 per Unit. The Offering was completed in two tranches: US$24.2 million on October 1, 2024, and US$10.3 million on October 11, 2024. Each Unit consists of one common share and one warrant, with each warrant allowing the purchase of an additional common share at US$3.00 until October 1, 2029.

The company plans to use the net proceeds to advance its Cariboo Gold Project and Tintic Project, partially repay its existing credit facility, and for general corporate purposes. The securities issued are subject to a four-month and one-day hold period under Canadian securities laws. The Offering is pending final acceptance from the TSX Venture Exchange.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announces plans to close further tranches of its non-brokered private placement offering, following an oversubscribed first tranche. The company aims to raise up to US$25 million by offering up to 13,888,888 units at US$1.80 per unit. Each unit includes one common share and one warrant, with warrants exercisable at US$3.00 until October 1, 2029. The proceeds will be used to advance the Cariboo Gold Project and Tintic Project, partially repay existing credit facilities, and for general corporate purposes. The offering is subject to TSX Venture Exchange approval, with securities having a four-month hold period. Osisko Development is also exploring other capital sources to refinance its credit facility and advance projects.

Osisko Development (NYSE: ODV, TSXV: ODV) announced plans to close a second tranche of its non-brokered private placement of up to 13,888,888 units at US$1.80 per unit, aiming to raise approximately US$25 million. The second tranche is expected to close around the week of October 14, 2024, pending necessary approvals. Each unit includes one common share and one warrant, allowing the purchase of an additional share at US$3.00 until October 1, 2029. The raised funds will support the Cariboo Gold Project, Tintic Project, and general corporate purposes. All issued securities will be subject to a holding period of four months and one day as per Canadian laws. The offering requires final TSX Venture Exchange acceptance and is not available in the United States or other restricted jurisdictions.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has successfully closed the first tranche of its non-brokered private placement, raising US$24.2 million by issuing 13,426,589 units at US$1.80 per unit. Each unit comprises one common share and one warrant, with the warrant allowing the purchase of an additional common share at US$3.00 until October 1, 2029. The company plans to close a second tranche in early October 2024. Insiders, including all directors, have agreed to purchase 1,056,555 units. The net proceeds will be used to advance the Cariboo Gold Project and Tintic Project, and for general corporate purposes. The offering is subject to TSX Venture Exchange final acceptance, with a four-month hold period on issued securities.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) reported its Q2 2024 financial and operating results. Key highlights include:

• 805 ounces of gold sold, generating $2.6 million in revenues
• Cariboo Gold Project progressing with anticipated permit receipt in Q3 2024
• Tintic Project completed drilling at Big Hill and Trixie West porphyry targets
• San Antonio Gold Project remains in care and maintenance
• Cash position of $33.7 million as of June 30, 2024

The company also announced amendments to its credit facility, granting of stock options and RSUs, and the completion of a deferred payment related to the Tintic Project acquisition.