Osisko Development Corp

ODV

Market cap $883M

Osisko Development Corporation is a high-risk, high-reward gold developer, with upside tied to the Cariboo Gold Project (CGP). CGP is fully permitted, shovel-ready, and de-risking via infill drilling; FID is the next major catalyst, expected post-Q1 2026. Current valuation implies only a 26% probability of CGP reaching production, creating significant asymmetry for speculative investors.

TORONTO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development") announces that, on December 18, 2025, Osisko Development acquired, indirectly through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("BGM"), 8,571,429 units of Niobay Metals Inc. ("Niobay") at a price of $0.14 per unit for an aggregate subscription price of $1,200,000.06, pursuant to a private placement completed by Niobay (the "Offering"). Each unit consisted of one common share of Niobay (each, a "Common Share") and one Common Share purchase warrant of Niobay (each, a "Warrant").

HIGHLIGHTS 5,983 m of infill drilling completed (3,704 m of new results) on 10-m drill spacing in 62 drill holes from August 2025, representing ~44% of the total planned 13,000-m infill program Highlights include: 8.56 g/t Au over 8.5m from 60.5m depth, 16.95 g/t Au over 4.0m from 80m depth (including 130.32 g/t Au over 0.5m from 83.5m depth), and 9.32 g/t Au over 6.0m from 58m depth Results to date continue to be broadly consistent with modelled reserve stopes, indicate potential for upside mineralization in new areas, and provide key spatial controls that will inform an updated local block model and refine future production stope designs An aggregate total of 10,000 m (~72%) of total planned drill meters have been completed to date, with full assays and QA/QC pending for the remaining holes not reported Infill program on track to wrap up in Q1 2026 MONTREAL, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce new infill drilling results from its ongoing 13,000-meter program on 10 meter drill spacing that commenced in August 2025 in the Lowhee Zone of the Company's permitted, 100%-owned Cariboo Gold Project ("Cariboo" or the "Project"), located in central British Columbia ("B.C."), Canada.

HIGHLIGHTS 1 Fully-funded 70,000-meter exploration drill program launched with two drill rigs already operating at the Cariboo Gold Project site, and ramping up to six drill rigs as the program advances through the end of 2026 Priority exploration targets and initial planned drilling: Cariboo Deep (~10,000 m, 11 holes) – targeting areas at depth beneath the existing deposit within the permitted Cariboo Gold Project mine plan boundary. Total existing mineral reserves and resources at CGP include 2.07 Moz Au of probable reserves (17.8 Mt at 3.62 g/t Au), 1.61 Moz Au of measured and indicated resources (17.4 Mt at 2.88 g/t Au) and 1.86 Moz Au of inferred resources (18.8 Mt at 3.09 g/t Au)2 Proserpine Mountain (~20,000 m, >30 holes) – high-priority regional exploration target to the southeast along strike from the Cariboo deposit area with open-pit potential Barkerville Mountain – located immediately southeast along strike of the Cariboo deposit Other targets and drill meters to be defined and informed by exploration success Preliminary exploration progress update expected to be provided in Q2 2026 MONTREAL, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce it has commenced a multi-faceted fully-funded 70,000-meter exploration drilling campaign aimed at targeting new discoveries at the Company's permitted, 100%-owned Cariboo Gold Project ("CGP" or the "Project"), located in central British Columbia ("B.C.

Osisko Development Corp. (ODV) is upgraded to Buy (from previous hold), driven by strong progress at its flagship Cariboo Gold Project and robust gold price outlook. ODV benefits from significant financing, strategic investor backing, and a focused portfolio after divesting non-core assets, enhancing Cariboo's development prospects. Cariboo's NPV is highly leveraged to gold prices, with current valuations and sector comparisons supporting further upside for ODV shares.

MONTREAL, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has entered into a securities purchase agreement dated November 21, 2025 (the "Purchase Agreement") with Axo Copper Corp. (TSXV:AXO) ("Axo") to sell its 100% interest in the San Antonio Gold Project ("San Antonio" or the "Project") located in the Sonora State, Mexico. Pursuant to the Purchase Agreement, Axo will acquire Sapuchi Minera S.A. de R.L. de C.V. ("Sapuchi"), which holds a 100% interest in the mineral concessions comprising San Antonio, subject to the satisfaction of certain conditions (the "Transaction").

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) HIGHLIGHTS Q3 2025 (at September 30, 2025) ~$401.4 million in cash and cash equivalents Drawn ~$137.2 million (US$100.0 million) under the US$450 million Appian financing facility executed during the quarter Completed private placements for ~$280.4 million (US$203.1 million) in gross proceeds Advanced pre-construction activities and underground mine development activities, and announced results of ore sorting and drilling programs at the permitted Cariboo Gold Project Sold 877 ounces of gold from the Tintic small-scale heap leach project Subsequent to Q3 2025 Completed an additional private placement for ~$82.5 million in gross proceeds Released infill drill results from the ongoing program at Cariboo; appointed Scott Smith as VP, Exploration MONTREAL, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended September 30, 2025 ("Q3 2025"). Q3 2025 HIGHLIGHTS Operating, Financial and Corporate Updates: As of September 30, 2025, the Company had approximately $401.4 million in cash and cash equivalents.

MONTREAL, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the appointment of Mr. Scott Smith as Vice President, Exploration effective November 1, 2025.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the successful closing of its previously-announced oversubscribed private placement offering of 15,409,798 common shares of the Company (the "Common Shares") for aggregate gross proceeds of approximately C$82.5 million (the "Offering"). The Offering is comprised of the following issuances, on a private placement basis: LIFE Offering: issuances made pursuant to the "listed issuer financing exemption" available under Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption") in each of the provinces and territories of Canada, in three tranches: National Flow-Through Shares: 2,990,000 Common Shares that will qualify as "flow-through shares" ("FT Shares") within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") at a price of C$6.69 per FT Share for gross proceeds of C$20,003,100; British Columbia Flow-Through Shares: 1,444,000 Common Shares to certain eligible British Columbia resident subscribers (the "BC FT Shares", and together with the FT Shares, the "Flow-Through Shares") that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Tax Act at a price of C$6.93 per BC FT Share for gross proceeds of C$10,006,920; and Common Shares: 4,182,000 Common Shares at a price of C$4.78 per Common Share for gross proceeds of C$19,989,960.

MONTREAL, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports that, on October 17, 2025, Osisko Development acquired, indirectly through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("BGM"), 6,250,000 units of Falco Resources Ltd.