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Osisko Development Corp. - ODV STOCK NEWS

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. (ODV) is a dynamic mineral exploration and development company dedicated to acquiring, exploring, and developing precious metals resource properties across North America. The company's primary focus includes significant projects such as the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico, and the Trixie test mine in the USA. These projects reflect Osisko Development Corp.'s commitment to becoming a leading player in the precious metals sector.

Cariboo Gold Project: Located in the historic Cariboo mining district of British Columbia, this project is one of the company's flagship ventures. With substantial exploration and development activities underway, the Cariboo Gold Project aims to unlock significant gold resources, potentially transforming the region's mining landscape.

San Antonio Gold Project: Situated in Mexico, the San Antonio project adds a strategic dimension to the company's portfolio. This project is essential for Osisko Development Corp. as it diversifies its geographical presence and potential resource base. Ongoing exploration and development efforts are focused on achieving profitable gold production.

Trixie Test Mine: In the USA, the Trixie test mine represents another significant asset for the company. This project allows Osisko Development Corp. to test and develop new mining techniques and technologies, ensuring efficiency and sustainability in its operations.

Osisko Development Corp. leverages its expertise in exploration, evaluation, and development to manage its extensive portfolio of mining assets. The company's strategy involves rigorous scientific analysis, innovative mining techniques, and sustainable practices to maximize resource extraction while minimizing environmental impact.

Recent achievements include significant progress in drilling and exploration activities, enhancing the resource estimates for the Cariboo and San Antonio projects. These milestones reflect the company's robust financial condition and commitment to delivering value to its shareholders.

With a clear focus on sustainable development, Osisko Development Corp. also emphasizes strong partnerships and collaborative efforts. The company aligns with local communities, regulatory bodies, and industry partners to ensure responsible mining practices and long-term economic benefits.

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Osisko Development (NYSE: ODV) reports Q3 2024 results with $40.8 million in cash and equivalents. The company sold 47 ounces of gold from Cariboo Gold Project, generating $0.2 million in revenues. A mandatory prepayment of US$4.6 million was completed following a private placement. The company completed two significant private placements: a non-brokered placement raising US$34.5 million and a brokered placement raising US$57.5 million. At Cariboo Gold Project, permitting progress continues with final decisions expected in Q4 2024. The company is advancing an optimized feasibility study anticipated for Q2 2025. The Tintic Project completed drilling programs targeting copper-gold-molybdenum porphyry mineralization.

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Osisko Development (NYSE: ODV) has successfully closed a private placement offering of 31,946,366 units at US$1.80 per unit, raising approximately US$57.5 million. The offering included a lead order from Condire Investors, resulting in an 8.8% stake in the company. Each unit consists of one common share and one purchase warrant exercisable at US$3.00 until October 1, 2029. The proceeds will fund the advancement of Cariboo and Tintic projects, partially repay existing credit facility, and support general corporate purposes. The company expects to complete an updated optimized feasibility study for the Cariboo Gold Project in Q2 2025.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Osisko Development (ODV)?

The current stock price of Osisko Development (ODV) is $1.704 as of November 8, 2024.

What is the market cap of Osisko Development (ODV)?

The market cap of Osisko Development (ODV) is approximately 180.4M.

What is Osisko Development Corp.'s primary focus?

Osisko Development Corp. focuses on the acquisition, exploration, and development of precious metals resource properties in North America.

What are the main projects of Osisko Development Corp.?

The company's main projects include the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico, and the Trixie test mine in the USA.

Where is the Cariboo Gold Project located?

The Cariboo Gold Project is located in the historic Cariboo mining district of British Columbia, Canada.

What is the significance of the San Antonio Gold Project?

The San Antonio Gold Project in Mexico diversifies Osisko Development Corp.'s geographical presence and adds to its resource base.

What is the purpose of the Trixie test mine?

The Trixie test mine in the USA allows Osisko Development Corp. to test and develop new mining techniques and technologies.

How does Osisko Development Corp. ensure sustainable mining?

The company emphasizes innovative mining techniques, rigorous scientific analysis, and strong partnerships to ensure sustainable and responsible mining practices.

What recent achievements has Osisko Development Corp. made?

Recent achievements include significant progress in drilling and exploration activities, enhancing resource estimates for the Cariboo and San Antonio projects.

How does Osisko Development Corp. engage with local communities?

The company aligns with local communities, regulatory bodies, and industry partners to ensure responsible mining practices and long-term economic benefits.

What financial condition does Osisko Development Corp. currently have?

Osisko Development Corp. has a robust financial condition, supported by progress in its primary projects and a focus on delivering value to its shareholders.

What is the role of partnerships for Osisko Development Corp.?

Partnerships are crucial for the company to ensure effective project management, responsible practices, and alignment with regulatory standards.

Osisko Development Corp.

NYSE:ODV

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ODV Stock Data

180.44M
104.60M
35.04%
12.99%
0.5%
Gold
Basic Materials
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United States of America
Montreal