Osisko Development Announces Inclusion in the GDXJ
Rhea-AI Summary
Osisko Development (NYSE: ODV) announced inclusion in the VanEck Junior Gold Miners ETF (GDXJ) following GDXJ's semi-annual review on March 13, 2026, with the inclusion effective at market close on March 20, 2026.
The company said this listing is expected to increase market visibility, broaden investor access to the stock and potentially improve trading liquidity as Osisko Development advances its flagship Cariboo Gold Project.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- GDXJ inclusion effective March 20, 2026
- Broadened investor access to gold-sector ETFs
- Potentially improved liquidity from index fund flows
Negative
- None.
News Market Reaction – ODV
On the day this news was published, ODV gained 0.81%, reflecting a mild positive market reaction. This price movement added approximately $9M to the company's valuation, bringing the market cap to $1.09B at that time.
Data tracked by StockTitan Argus on the day of publication.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 09 | Warrant exercise cash | Positive | -1.2% | Appian warrant exercise added C$24.9M cash tied to Cariboo financing. |
| Mar 02 | Operations resumption | Positive | +0.4% | Resumed planned site activities at Cariboo after temporary suspension. |
| Feb 11 | Infill drilling update | Positive | -6.2% | Reported high-grade Lowhee infill drilling results at Cariboo. |
| Feb 09 | Project management deal | Positive | +8.0% | Signed project and construction management agreement for Cariboo development. |
| Feb 03 | Equity offering closed | Neutral | +4.1% | Completed US$143.8M bought-deal share offering to fund Cariboo work. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news often ties to advancing and financing the Cariboo Gold Project, with a mix of aligned and diverging price reactions to generally positive operational and financing updates.
Over the last several weeks, Osisko Development has focused on funding and advancing its flagship Cariboo Gold Project. On Feb 3, it closed a bought-deal equity offering for US$143.75M, followed by a project and construction management agreement on Feb 9. Infill drilling results on Feb 11 highlighted very high-grade intercepts, and planned site activities resumed on Mar 2 after a temporary suspension. On Mar 9, warrant exercises brought in about C$24.9M, reinforcing the development funding backdrop ahead of the GDXJ inclusion news.
Key Terms
etf financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, March 16, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce its inclusion in the VanEck Junior Gold Miners ETF ("GDXJ") pursuant to the GDXJ's semi-annual review and rebalancing announced on March 13, 2026, effective at the close of markets on March 20, 2026.
"We are very pleased to be included in the widely followed GDXJ index, which we believe will further elevate our market visibility and trading liquidity profile while broadening access to investors seeking exposure to the gold sector," stated Sean Roosen, Chairman and CEO. "This inclusion reflects the significant progress and milestones our team has achieved to date as we continue advancing and de-risking our flagship Cariboo Gold Project."
The GDXJ is a widely recognized exchange-traded fund designed to track the performance of the most liquid small- and mid-capitalization companies in the global gold and silver mining industries. For more information on the GDXJ, please visit: https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a continental North American gold development company focused on past producing mining camps with district scale potential. The Company's objective is to become an intermediate gold producer through the development of its flagship, fully permitted,
For further information, contact:
| Sean Roosen | Philip Rabenok |
| Chairman and CEO | Vice President, Investor Relations |
| Email: sroosen@osiskodev.com | Email: prabenok@osiskodev.com |
| Tel: +1 (514) 940-0685 | Tel: +1 (437) 423-3644 |
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, "forward-looking statements"). Such forward-looking statements are identified with words such as "may", "will", "would", "could", "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee", "objective", "strategy", variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications, limitations or statements pertaining to: the Company's inclusion in the GDXJ becoming effective at the close of markets on March 20, 2026 (if at all); the anticipated benefits (if any) of the inclusion in the GDXJ resulting in enhanced market visibility, trading liquidity and broader investor access; the inclusion being an indicator of progress or milestones achieved to date; continued advancement and de-risking of the Cariboo Gold Project (if at all); the duration of the Company's inclusion in the GDXJ; any future potential rebalances and levels of exposure over which the Company has no discretion over and any impacts to trading volumes as a result thereof; the ability to develop the Cariboo Gold Project and its status as being fully permitted; the exploration potential and prospectivity (if any) of its properties. Such forward-looking statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. These assumptions include, but are not limited to: the absence of further work stoppages or suspensions at the Project; favourable regulatory conditions and approvals; the ability to maintain adequate personnel and contractor levels; the absence of unforeseen ground conditions or other geological challenges; the availability of necessary equipment, supplies and infrastructure; and general economic and market conditions. Actual results could differ materially due to a number of factors, including, without limitation: risks related to the exploration, development and operation of the Cariboo Gold Project; health, safety and security incidents; regulatory delays or changes in regulatory framework and applicable laws; labour shortages or disputes; general economic and market conditions and business conditions in the mining industry; fluctuations in commodity and currency exchange rates; changes in regulatory framework and applicable laws, as well as those risks and factors disclosed in the Company's most recent annual information form, financial statements and management's discussion and analysis as well as other public filings on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov). Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
