Osisko Completes Acquisition of Spring Valley Royalty Portfolio

Rhea-AI Summary

Osisko Gold Royalties Ltd (OR: TSX & NYSE) has successfully completed its acquisition of four royalties at the Spring Valley Project and one at the Moonlight Project in Nevada, alongside a royalty and precious metal offtake right at the Almaden Project in Idaho. This acquisition follows the announcement made on April 12, 2021, and fulfills all conditions precedent. With a portfolio exceeding 150 royalties and its cornerstone asset being a 5% net smelter return royalty on the Canadian Malartic mine, Osisko is positioned as a key player in the North American precious metals sector.

Positive

• Strategic acquisition of royalties enhances portfolio diversification.
• Completion of acquisitions strengthens Osisko's position in the growing Nevada gold mining region.
• Acquisition could lead to increased revenue streams from new projects.

Negative

• None.

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MONTREAL, April 22, 2021 (GLOBE NEWSWIRE) -- Further to the announcement on April 12, 2021, Osisko Gold Royalties Ltd (”Osisko”) (OR: TSX & NYSE) is pleased to announce that all conditions precedent have been satisfied in connection with, and it has now completed, the acquisition of four (4) royalties over the Spring Valley Project and one (1) royalty over the adjacent Moonlight Project, both located in Pershing County, Nevada. It has also completed the acquisition of one (1) royalty and a precious metal offtake right over the Almaden Project, located in western Idaho.

About Osisko Gold Royalties Ltd

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 150 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.

For further information, please contact Osisko Gold Royalties Ltd:

Heather Taylor Vice President, Investor Relations Tel: (514) 940-0670 #105 Email: htaylor@osiskogr.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What royalties did Osisko Gold Royalties acquire?

Osisko acquired four royalties over the Spring Valley Project and one over the Moonlight Project in Nevada, as well as one royalty and a precious metal offtake right over the Almaden Project in Idaho.

When was the acquisition by Osisko Gold Royalties completed?

The acquisition was completed on April 22, 2021.

How does the acquisition affect Osisko's portfolio?

The acquisition enhances Osisko's portfolio by adding royalties from new projects, contributing to greater diversification and potential revenue growth.

What is the significance of the Spring Valley and Moonlight Projects?

These projects are located in Pershing County, Nevada, a key area for gold mining, potentially offering significant opportunities for Osisko.