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) generates frequent news as it advances its gold development portfolio in North America, with a strong emphasis on the Cariboo Gold Project in central British Columbia. Company updates often highlight technical milestones at Cariboo, including underground infill drilling results from the Lowhee Zone, broader exploration drilling campaigns, and progress on pre‑construction and underground development activities.
Investors following ODV news can expect detailed assay releases from ongoing drilling programs, such as the 13,000‑meter underground infill campaign on tight drill spacing and the fully funded 70,000‑meter exploration program targeting Cariboo Deep, Proserpine Mountain, Barkerville Mountain, and other regional prospects along the Cariboo Gold trend. These releases typically include gold grades, interval lengths, and interpretations about continuity with modelled vein corridors, mineral reserves, and potential extensions of mineralization.
Beyond project geology, Osisko Development’s news flow includes financing and corporate developments. The company reports on project loan facilities, such as its senior secured credit facility with funds advised by Appian Capital Advisory Limited, as well as equity financings through bought‑deal offerings, private placements, and flow‑through share issuances. News items also cover strategic portfolio actions, including the announced agreement to divest the San Antonio Gold Project to Axo Copper Corp., and investment transactions like acquiring units of Falco Resources Ltd.
Corporate updates may feature management and board changes, such as the appointment of a Vice President, Exploration, and the strengthening of the technical team to support Cariboo and other properties. Regular financial and operating results, furnished through press releases and regulatory filings, provide additional context on cash balances, project spending, and small‑scale production activities at the Tintic Project. For readers tracking ODV, this news page offers a centralized view of operational, technical, financial, and strategic announcements related to the company’s gold development activities.
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.
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.
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.