Osisko Development Corp Stock Price, News & Analysis

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announces significant underground diamond drilling results from its 100%-owned Trixie test mine in Utah as part of its Tintic Project. High-grade gold and silver intercepts were reported, including assays of up to 354 g/t gold and 249 g/t silver. The drilling is focused on expanding understanding of mineralization within the T2 and T4 structures, with the goal of identifying new exploration targets. Additionally, the board has approved equity compensation grants, including 1,081,600 stock options at C$6.59 per share, expiring in 2028.

Osisko Development Corp. (NYSE: ODV) reported its financial results for Q4 and FY 2022, highlighting a transformational year. The acquisition of the Tintic Project bolstered its portfolio, achieving an initial mineral resource at the Trixie deposit with high-grade gold potential. The Cariboo Gold Project reached a significant milestone with its Feasibility Study. In 2022, the company sold 26,875 ounces of gold, generating $64 million in revenue. It closed private placements totaling $255.5 million and reported $105.9 million in cash as of year-end. However, non-cash impairments of $59 million were recorded for its Barkerville project and $81 million for the San Antonio project.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announced the approval to reduce the exercise price of its common share purchase warrants issued in 2022. The company applied to the TSX Venture Exchange for amendments affecting 7,752,916 brokered private placement warrants, decreasing the exercise price from C$22.80 to C$14.75, and 11,363,933 non-brokered private placement warrants, reducing the price from US$18.00 to US$10.70. The changes aim to align with shareholder interests and are expected to take effect before the end of March 2023, pending approval from the Exchange. CEO Sean Roosen emphasized the warrant repricing's significance for continued shareholder support.

Osisko Development Corp. (NYSE: ODV) has successfully completed a bought deal public offering, raising approximately $51.8 million by selling 7,841,850 units at $6.60 each, including the full exercise of the over-allotment option. Each unit comprises one common share and one warrant, allowing purchase of additional shares at $8.55 for 36 months. The offering was co-led by Eight Capital and National Bank Financial, incurring a 5% cash commission. Proceeds will be used to advance the Tintic and Cariboo Gold Projects and for general corporate purposes. The offering is subject to final acceptance by the TSX Venture Exchange.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has announced the issuance of 10,000 common shares as part of a participation agreement with the Williams Lake First Nation regarding the Cariboo Gold Project in British Columbia. The company will also issue up to 50,000 additional shares based on future milestones. These shares will be subject to a statutory hold period of four months. Osisko aims to develop its gold projects, including Cariboo, Tintic in Utah, and San Antonio in Mexico, while minimizing development risks and enhancing mineral resources.

Osisko Development Corp. (NYSE: ODV) announced the filing of a technical report detailing its initial mineral resource estimate (MRE) for the Trixie deposit within the Tintic Project in Utah. The Trixie MRE, effective January 10, 2023, was prepared by Micon International Limited and is compliant with NI 43-101 standards. Key findings indicate measured resources of 111,190 tonnes with an average gold grade of 0.617 g/t, and indicated resources of 225,200 tonnes at 20.171 g/t. Total inferred resources amount to 385,000 tonnes with a 19.642 g/t gold grade. The report is available on SEDAR and the company's website.

Osisko Development Corp. reported an initial mineral resource estimate for its 100%-owned Trixie deposit within the Tintic Project, Utah. The resource includes 213,000 oz of gold at 28.1 g/t and 385,000 oz of silver at 50.8 g/t in Measured and Indicated categories, alongside 1,243,000 oz of gold at 19.6 g/t and 530,000 oz of silver at 42.8 g/t in Inferred categories. Initial exploration indicates potential for extending mineralization. The Trixie mineral resource estimate is based on over 4,467 samples and is expected to inform operational planning. A technical report will follow within 45 days, as required by NI 43-101.

Osisko Development Corp. announced promising results from drilling and underground chip sampling at its 100%-owned Trixie test mine in Utah. Highlights include exceptional assay results, with values reaching 2,311.18 g/t Au and 1,146.46 g/t Ag over 2.29 m. The Company aims to expand mineralization areas while preparing for a mineral resource estimate in Q1 2023. This progress is pivotal as Trixie is just one of four targeted locations in the broader Tintic Project, reinforcing the potential for significant exploration and shareholder value growth.