Core Insights - Osisko Development Corp. announced positive results from an ore sorting testing program at its Cariboo Gold Project, indicating gold recoveries and upgrade ratios consistent with the 2025 feasibility study (FS) assumptions [2][5][12] - The testing program utilized a significantly larger sample size compared to previous tests, with a focus on optimizing the processing flowsheet [4][5] - Notably, the previously untested 6–10 mm size fraction showed a gold recovery of 92% and a mass pull of 41%, suggesting potential for further optimization [2][5][9] Summary by Sections Highlights - The ore sorting test results align with the 2025 FS assumptions, demonstrating effective gold recovery rates across various particle sizes [2][5] - The 6–10 mm size fraction, previously unassessed, achieved a gold recovery of 92% [2][5] Testing Methodology - The testwork was conducted on a bulk sample of approximately 80 tonnes, utilizing an x-ray transmission sensor (XRT) to evaluate the material [2][5][9] - The program aimed to optimize ore sorting parameters and validate the processing flowsheet [4][5] Results Overview - The 10–30 mm size fraction achieved a gold recovery of 89% with a mass pull of 45%, while the 30–70 mm size fraction achieved 84% recovery with a mass pull of 58% [2][5] - The 6–10 mm size fraction demonstrated a 92% gold recovery with a 41% mass pull, indicating a significant opportunity for optimization [2][5][9] Project Background - The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in central British Columbia, covering approximately 186,740 hectares [11][12] - The project hosts probable mineral reserves of 2.07 million ounces of gold and has received necessary permits for development [11][12] Next Steps - The company plans to conduct further optimization work, including a variability study to refine sorting assumptions across the deposit [5][9]

Core Insights - Osisko Development Corp. announced positive results from an ore sorting testing program at its Cariboo Gold Project, confirming gold recoveries and upgrade ratios consistent with the 2025 feasibility study (FS) assumptions [2][5][12] Summary by Sections Ore Sorting Test Results - The ore sorting testwork demonstrated gold recoveries of 84-95% across various particle sizes, with a mass pull of 41-58% and upgrade ratios ranging from 1.96 to 2.23, aligning with the 2025 FS assumptions [2][5][6] - Notably, the previously untested 6-10 mm size fraction showed a 95% gold recovery with a 41% mass pull, indicating potential for future optimization [5][11] Methodology and Observations - The test utilized a production-scale TOMRA COM 1200 Tertiary XRT machine on a ~80 tonne sample, significantly larger than previous tests which totaled ~5 tonnes [2][5][11] - The testing process involved a cascade-style approach, adjusting sorter settings to optimize mass pull and recovery, leveraging recent advancements in AI technology [11][12] Project Overview - The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in central British Columbia, covering approximately 186,740 hectares with significant mineral reserves and resources [12][13] - The project hosts probable mineral reserves of 2.07 million ounces of gold and various measured, indicated, and inferred resources totaling over 10 million ounces [13] Next Steps and Opportunities - The company plans to conduct further flowsheet optimization and a variability study as part of detailed engineering to refine sorting assumptions across the deposit [5][11] - The positive results from the ore sorting tests may lead to enhanced overall recoveries and improved project economics [5][11]

VIDEO - CEO Clips: Osisko Development: Advancing a Fully Permitted Gold Project in British ColumbiaJuly 04, 2025 12:30 PM EDT | Source: CEO ClipsVancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Osisko Development (TSXV: ODV) (NYSE: ODV) – Osisko is advancing one of Canada's only fully permitted gold development projects. With a recently updated feasibility study indicating strong economic returns at current gold prices, the company is preparing for construction and long-term prod ...

JUNE 2025 REVIVING HISTORIC MINING CAMPS IN NORTH AMERICA Gradient CAUTIONARY STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Certain statements contained in this presentation (this "Presentation") may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (together, "forward-looking statements"). These forward-looki ...

MONTREAL, June 16, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the appointment of Ms. Susan Craig as independent director to the Company's board of directors effective immediately. "We are very pleased to welcome Susan to our board of directors," commented Sean Roosen, Founder, Chairman and CEO. "Susan brings a wealth of experience in environmental stewardship, Indigenous and community engagement, and permitting acro ...

MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the filing of a technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") in respect of the feasibility study ("2025 FS") for its permitted, 100%-owned Cariboo Gold Project (the "Cariboo Gold Project"), located in central British Columbia, Canada. The Technical Report, ...

Core Viewpoint - Osisko Development Corp. is making a third deferred payment of US$2,500,000 to the sellers of the Tintic Project in common shares, which will result in the issuance of 1,368,610 shares at a deemed price of C$2.5082 per share [1][2]. Group 1: Tintic Project Acquisition - The third deferred payment is part of the previously completed acquisition of a 100% ownership interest in the Tintic Project, located in Utah, U.S.A. [1] - The payment will be made entirely in common shares, subject to approval from the TSX Venture Exchange [2][3]. Group 2: Marketing Services Agreement - The company has entered into a marketing services agreement with Resource Stock Digest, effective June 1, 2025, for promotional services [5]. - The total cash consideration for the marketing program is US$250,000, payable in two equal installments [6]. - The agreement does not include performance factors, and RSD will not receive common shares or options as compensation [7]. Group 3: Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, aiming to become an intermediate gold producer [9]. - The company's flagship project is the Cariboo Gold Project in British Columbia, Canada, complemented by the Tintic Project and the San Antonio Gold Project in Mexico [9].

Core Points - Osisko Development Corp. has granted a total of 1,273,900 stock options, 1,177,200 restricted share units (RSUs), and 229,573 deferred share units (DSUs) as part of its annual compensation review for senior officers, non-executive employees, and independent directors [1][2] - The stock options are exercisable at C$2.57 per common share and will expire on May 13, 2030, with vesting occurring in three equal parts over the next three years [2] - The Omnibus Plan, which governs these awards, was adopted on March 26, 2025, and allows for a maximum of 27,324,297 common shares to be issued under various incentive awards [3] Company Overview - Osisko Development Corp. is focused on gold development in North America, particularly in mining-friendly jurisdictions, with the goal of becoming an intermediate gold producer [5] - The company's flagship project is the Cariboo Gold Project in British Columbia, Canada, complemented by the Tintic Project in Utah and the San Antonio Gold Project in Mexico [5] - The strategy emphasizes developing long-life, socially and environmentally responsible mining assets while minimizing development risk and enhancing mineral resources [5]

MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the results of its annual and special meeting of shareholders of the Company (the "Meeting") held on May 7, 2025. A total of 80,489,188 common shares were voted at the Meeting, representing approximately 58.9% of the total issued and outstanding common shares of the Company as of the record date of the Meeting. A summary of the results for the items voted at the Meetin ...

Revenue Performance - For Q1 2025, Osisko Development Corp. reported no revenues compared to CAD 1,767,000 in Q1 2024, indicating a 100% decrease in revenue year-over-year[5] - The company reported revenues of CAD 1,767,000 for the three months ended March 31, 2024, with no revenues reported for the same period in 2025[46] Net Loss and Operating Loss - The net loss for Q1 2025 was CAD 37,330,000, significantly higher than the net loss of CAD 7,988,000 in Q1 2024, representing a 367% increase in losses[5] - Operating loss for Q1 2025 was CAD 42,725,000, compared to CAD 20,508,000 in Q1 2024, reflecting a 108% increase in operating losses[5] - For the three months ended March 31, 2025, the total operating loss was CAD 42,725,000, compared to CAD 20,508,000 for the same period in 2024, indicating an increase of 108% in operating losses[46] Cash and Cash Equivalents - Cash and cash equivalents decreased to CAD 77,597,000 as of March 31, 2025, down from CAD 106,653,000 at the end of 2024, a decline of 27.3%[4] - Cash and cash equivalents decreased to CAD 77.6 million as of March 31, 2025, down from CAD 106.7 million as of December 31, 2024[19] - As of March 31, 2025, cash and cash equivalents include CAD 67.6 million held in guaranteed investment certificates with an interest rate of 4.75%[19] Asset and Liability Changes - Total assets decreased from CAD 856,902,000 as of December 31, 2024, to CAD 816,756,000 as of March 31, 2025, a reduction of 4.7%[4] - Total liabilities decreased slightly from CAD 430,774,000 as of December 31, 2024, to CAD 420,885,000 as of March 31, 2025, a reduction of 2.2%[4] - The net book value of mining interests decreased to CAD 492.6 million as of March 31, 2025, from CAD 506.7 million in the previous year[20] - Total non-current assets as of March 31, 2025, amounted to CAD 700,617,000, a decrease of 1.5% from CAD 711,136,000 as of December 31, 2024[45] - The company's mining interests in Canada were valued at CAD 426,379,000 as of March 31, 2025, a decrease from CAD 440,458,000 in 2024, representing a decline of 3.5%[45] Impairment and Other Losses - The company incurred impairment of assets amounting to CAD 25,793,000 in Q1 2025, compared to CAD 5,415,000 in Q1 2024, marking a 376% increase in impairment losses[5] - An impairment charge of CAD 25.3 million was recorded for the three months ended March 31, 2025, related to the QR Mill[24] - The company reported impairment of assets totaling CAD 25,793,000 for the three months ended March 31, 2025, compared to CAD 5,415,000 in the same period of 2024, reflecting a significant increase in asset impairment[46] Shareholder Information - The weighted average number of shares outstanding increased to 136,605,758 in Q1 2025 from 84,211,239 in Q1 2024, representing a 62.2% increase in shares[5] - The total outstanding share options decreased to 4,440,691 in 2025 from 5,229,369 in 2024, a decline of 15.1%[36] Future Plans and Financing - Management is assessing future financing options to address the negative working capital and fund planned activities[16] - The company completed the acquisition of Tintic, which includes the Trixie Test Mine, and issued 2% NSR royalties as part of the transaction[22] - The company is focused on the Cariboo Gold Project, San Antonio Gold Project, and Trixie Test Mine for future exploration and development[12] - The company entered into a $50 million Credit Facility in 2024, exclusively for funding ongoing engineering and pre-construction activities at the Cariboo gold project[28] Operating Costs and Expenses - Other operating costs for the three months ended March 31, 2025, totaled CAD 10,158,000, compared to CAD 8,801,000 in the same period of 2024, indicating an increase of 15.4%[46] - Salaries and benefits decreased to $1,292 thousand in Q1 2025 from $1,780 thousand in Q1 2024, a reduction of 27.4%[40] - Share-based compensation expense related to share options granted was $0.4 million in Q1 2025, compared to $(0.1) million in Q1 2024[36] Environmental Provisions - The estimated inflation-adjusted undiscounted cash flows required for environmental rehabilitation is $124.9 million as of March 31, 2025[32] - The environmental rehabilitation provision increased to $92,920 thousand in 2025 from $90,803 thousand in 2024, representing a rise of 2.3%[32]