Osisko Development Appoints Vice President, Sustainable Development
Rhea-AI Summary
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.
AI-generated analysis. Not financial advice.
Positive
- Appointment of VP, Sustainable Development effective May 18, 2026
- Over 15 years of Indigenous relations leadership experience in BC
- Background at BC Hydro supporting Indigenous Nations engagement
- Experience across key BC resource and Indigenous-focused ministries
- Advanced education including Master of Public Administration degree
Negative
- None.
News Market Reaction – ODV
On the day this news was published, ODV declined 2.91%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Before this appointment news, ODV was down 4.26% while key peers showed mixed moves: IAUX (-1.35%), GAU (-2.14%), GROY (-2.4%), DC (-3.55%), and CMCL (+0.94%). Momentum scanner data showed IAUX and GAU moving up, diverging from ODV’s direction, pointing to stock-specific dynamics rather than a broad gold-sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 13 | Funding and ETF inclusion | Positive | -0.6% | Strong cash, loan draw and GDXJ inclusion but mild negative price reaction. |
| May 11 | Q1 2026 earnings | Neutral | +0.9% | Reported modest revenues, operating loss and equity financing to fund projects. |
| May 04 | Management appointment | Positive | +7.1% | Appointed VP Construction Contracting and Commercial, adding sector-specific expertise. |
| Apr 17 | Sector funding article | Neutral | +8.3% | Article on funded gold developers, highlighting financing structures and sector dynamics. |
| Apr 01 | Incentive awards grant | Neutral | -1.2% | Granted stock options and RSUs as part of annual compensation program. |
Recent history shows occasional negative reactions to otherwise supportive funding and liquidity updates, while management and governance news, including prior VP and incentive award announcements, often coincided with modestly positive or mixed price moves.
Over the last few months, Osisko Development has focused on funding and building its Cariboo Gold Project, alongside portfolio simplification and management build-out. Q1 2026 results highlighted strong liquidity of about $594.3 million in cash and equivalents and use of a US$450 million project loan. A prior VP appointment on May 4 saw a 7.14% gain, while incentive awards on April 1 and ETF inclusion-linked commentary in mid-May drew mixed reactions. Today’s sustainable development VP hire fits this ongoing build-up of project, governance and leadership capacity.
Regulatory & Risk Context
An effective Form F-3/A registration allows resale of up to 104,751,318 common shares from an August 2025 private placement. The company will not receive proceeds from these resales but could obtain up to about US$126.8 million if related warrants are fully exercised, with stated use toward the Cariboo Gold Project. The filing notes potential share price pressure from large resale volumes and constraints from new secured debt covenants.
Market Pulse Summary
This announcement highlights Osisko Development’s continued build-out of its management team as it advances major projects. The new Vice President, Sustainable Development brings over 15 years of Indigenous relations and public-sector experience in British Columbia, aligning with the company’s focus on responsible project development. In light of recent financings, project loan facilities, and an active resale registration, investors may watch how expanded leadership supports permitting, community engagement, and execution at the Cariboo Gold Project.
AI-generated analysis. Not financial advice.
MONTREAL, May 19, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the appointment of Mr. Greg Perrins as Vice President, Sustainable Development, effective May 18, 2026.
"We are pleased to welcome Greg to the Osisko Development team, where his deep knowledge of and experience in Indigenous relations and public sector engagement in BC will further strengthen our approach to sustainable project development," stated Sean Roosen, Chairman and CEO.
Mr. Perrins is an Indigenous relations professional with over 15 years of experience in leadership roles across the natural resource sector in British Columbia. Most recently, he served as Senior Manager, Indigenous Relations at BC Hydro, a fully integrated public utility, where he supported engagement and relationship-building initiatives with Indigenous Nations across the province. Prior to his role at BC Hydro, Mr. Perrins spent the majority of his career working for the Province of British Columbia, including roles with the Ministry of Energy, Mines and Low Carbon Innovation, the Ministry of Indigenous Relations and Reconciliation, and the BC Oil and Gas Commission. Mr. Perrins holds a Master of Public Administration degree from the University of Victoria, a Bachelor of Social Work degree from Dalhousie University, and a Bachelor of Arts degree from the University of Regina.
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 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.
