Osisko Development Corp Stock Price, News & Analysis

Osisko Development (NYSE: ODV) has successfully closed a significant US$203 million private placement financing, consisting of a US$120 million brokered offering and an US$83 million non-brokered offering at US$2.05 per Unit.

Each Unit includes one common share and a half warrant exercisable at US$2.56 until August 15, 2027. Notably, Double Zero Capital LP made a substantial US$75 million investment, securing a 15.4% stake in ODV. The proceeds, combined with a previously announced US$450 million project loan facility, will primarily fund the construction of the Cariboo Gold Project.

The deal includes strategic elements such as an Investor Rights Agreement granting Double Zero board nomination rights and other privileges, while insider participation amounted to US$1.29 million.

Osisko Development (NYSE: ODV) reported its Q2 2025 financial results, highlighting significant developments across its portfolio. The company held $46.3 million in cash and generated $6.9 million in revenues from selling 1,393 gold ounces at its Tintic Project.

The company released an optimized feasibility study for its flagship Cariboo Gold Project, showing strong economics with an after-tax NPV5% of $943 million and IRR of 22.1% at US$2,400/oz gold. The project is expected to produce an average of 190,000 ounces annually over a 10-year mine life.

Subsequent to Q2, ODV secured significant financing, including a US$450 million credit facility with Appian Capital and announced a US$195 million private placement to fund the Cariboo Gold Project's development.

Osisko Development (NYSE: ODV) has secured a significant US$450 million project loan facility from Appian Capital Advisory for the development of its Cariboo Gold Project in British Columbia, Canada. The financing includes an initial draw of US$100 million to accelerate pre-construction activities and de-risk the project.

The credit facility is structured in two tranches: the initial US$100 million draw and US$350 million in subsequent draws available over 36 months. The facility matures in July 2033 and includes interest rates of SOFR plus 9.50% for the initial draw, reducing to SOFR plus 7.50% for subsequent draws. As part of the agreement, Osisko will grant Appian 5,625,031 warrants at CAD$4.43 per share, exercisable until July 2028.

[ "Secured substantial US$450 million financing facility for Cariboo Gold Project development", "Initial US$100 million draw enables immediate acceleration of pre-construction activities", "Strategic partnership with leading mining investment fund Appian Capital Advisory", "Flexibility to repay existing US$25 million term loan with National Bank", "Option to pay up to 100% of interest in kind for first 12 months" ]

Osisko Development (NYSE: ODV) announced positive bulk tonnage ore sorting test results for its Cariboo Gold Project in British Columbia. The testing program, conducted on an 80-tonne sample, demonstrated significant improvements in gold recovery and waste rejection using X-ray transmission (XRT) technology.

Key achievements include 42-55% waste rejection with 84-89% gold recovery for mid-size and oversize material, and notably, a 92% gold recovery with 59% waste rejection for the previously untested 6-10mm size fraction. The upgrade ratio of 2.0-2.1 exceeded the 2025 Feasibility Study assumption of 1.95. The test represented a substantially larger dataset compared to previous ~5-tonne tests.

An important finding showed that 76% of the contained gold reported to the fines fraction, higher than the previous 45% assumption, suggesting potential for improved overall recoveries.

Osisko Development (NYSE: ODV) has announced positive results from ore sorting testing at its Cariboo Gold Project in British Columbia, Canada. The tests, conducted on an ~80-tonne sample, demonstrated significant improvements in processing efficiency.

Key results include 42-55% waste rejection with 84-89% gold recovery for mid-size and oversize material, and notably, a 59% waste rejection with 95% gold recovery for the previously untested 6-10mm size fraction. The testing achieved a 2.0-2.1 upgrade ratio, exceeding the 2025 Feasibility Study assumption of 1.95.

The program, utilizing TOMRA's advanced AI-enabled XRT technology, represents a significantly larger dataset compared to previous ~5-tonne tests. Approximately 76% of the contained gold reported to the fines fraction, suggesting potential for optimization in future engineering phases.

Osisko Development (NYSE: ODV) announced progress on its fully permitted gold development project in British Columbia, Canada. The company recently completed an updated feasibility study demonstrating strong economic potential at current gold prices.

The project is advancing towards the construction phase and is expected to create hundreds of direct and indirect jobs. This development positions Osisko as a significant contributor to Canada's resource sector, being one of the few fully permitted gold projects in the country.

Osisko Development (NYSE: ODV, TSXV: ODV) has appointed Susan Craig as an independent director to its board, effective immediately. Craig brings over 35 years of mining industry experience, specializing in environmental stewardship, Indigenous relations, and regulatory compliance. Her expertise includes advancing major projects through environmental assessments, notably NovaGold's Galore Creek project and establishing a landmark agreement with the Tahltan Nation. Craig previously served as President & CEO of Northern Freegold Resources and has extensive experience in project development from exploration to closure in Yukon and British Columbia. She has received multiple industry awards, including the 2017 Canadian Women in Mining Trailblazer Award, and currently chairs the Advisory Board at Lakehead University's Centre of Excellence for Sustainable Mining & Exploration.

Osisko Development (NYSE: ODV, TSXV: ODV) has filed a new NI 43-101 Technical Report for its 100%-owned Cariboo Gold Project in British Columbia. The 2025 Feasibility Study reveals impressive economic metrics with an after-tax NPV5% of C$943 Million and 22.1% IRR at a base case gold price of US$2,400/oz. At the current spot gold price of US$3,300/oz, the project shows even stronger potential with C$2.1 Billion after-tax NPV5% and 38.0% IRR. The Technical Report, effective April 25, 2025, was prepared by multiple independent engineering firms and supersedes the previous January 2023 report. The fully permitted project demonstrates robust economics and significant upside potential at higher gold prices.

Osisko Development (NYSE: ODV, TSXV: ODV) announced plans to complete the third deferred payment of US$2.5 million related to its 2022 Tintic Project acquisition in Utah. The payment will be made entirely in common shares, with 1,368,610 shares to be issued at C$2.5082 per share, subject to TSX Venture Exchange approval. Additionally, the company has engaged Resource Stock Digest (RSD) for a 6-month marketing and promotional services agreement worth US$250,000, starting June 1, 2025. RSD will conduct interviews and produce company-approved content for distribution to its North American subscriber base. The agreement with RSD is arm's length and subject to Exchange approval.