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 Corp. (NYSE: ODV, TSXV: ODV) has amended its US$50 million credit facility agreement with National Bank of Canada. This amendment extends the maturity date to October 31, 2025, provided the company raises at least US$20 million by October 31, 2024; otherwise, it reverts to February 28, 2025.
The amendment also reduces the mandatory prepayment requirement to 50% of each dollar raised over US$25 million. Osisko will pay an upfront fee of approximately US$670,000 and duration fees between 1.5% to 2.0% of the total commitment. The company aims to use this financial flexibility to advance its Cariboo Gold project, with permits expected in Q3 2024.
Osisko Development (NYSE: ODV, TSXV: ODV) announced its intention to complete the second of five deferred payments for its acquisition of the Tintic Project in Utah, U.S.A. The payment, valued at US$2.5 million (C$3.42 million), will be made entirely in common shares at C$2.7829 per share, resulting in the issuance of 1,228,394 shares. This is subject to approval by the TSX Venture Exchange. The Tintic Project acquisition was originally completed in May 2022.
The Mining Investment Event of the North, Canada’s premier Tier 1 Global Mining Investment Conference, will be held in Quebec City from June 4-6, 2024. Kinterra Capital Corp. will participate as the Battery and Critical Metals Sponsor. The event will feature over 100 mining companies, including high-profile participants like Agnico Eagle Mines and Glencore Canada. Key sponsors include Laurentian Bank Securities and National Bank Financial Markets. The conference aims to address sustainable and geopolitically secure supply chain solutions for critical minerals, highlighted by Kinterra's focus on 'mine to battery' solutions.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) provides corporate updates including the grant of deferred share units (DSUs) to independent directors and the departure of Vice President, Exploration, Maggie Layman. The DSUs will vest as per the Company's DSU Plan, while Daniel Downton will assume the role of 'qualified person' for mineral projects.
Osisko Development Corp. held its annual meeting of shareholders where directors were elected, auditor re-appointed, and plans approved. The meeting saw high voter participation and positive outcomes for key resolutions.
Osisko Development Corp. reported its Q1 2024 financial and operational results, highlighting 619 ounces of gold sold, $1.8 million in revenues, and $2.0 million in cost of sales. The Company secured a $50 million Credit Facility for the Cariboo Gold Project and is progressing with permitting. The Tintic Project saw exploration updates and the release of a new mineral resource estimate. The San Antonio Gold Project is on hold pending permitting decisions in Mexico. Key upcoming milestones and financial data were also provided in the PR.
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