We recently published an article titled 10 Best Low Volatility Canadian Stocks to Buy. On February 10, Stifel raised its price target on Osisko Development Corp. (NYSE:ODV) to C$10 from C$8 and maintained a Buy rating, reflecting continued confidence in the company’s development progress and the advancing fundamentals of its core assets. The higher target underscores growing conviction that Osisko’s flagship Cariboo Gold Project is steadily moving toward a value-creation inflection point, supported by imp ...

Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, with a total of approximately 11,025 meters completed, representing about 80% of the planned drilling [2][4]. Drilling Program Details - The infill drilling program commenced in August 2025 and involves 10-meter drill spacing in the Lowhee Zone of the Cariboo Gold Project [2][3]. - A total of approximately 12.1 kilometers (km), or about 88% of the planned drill meters, has been completed to date, with full assay results pending for the remaining holes [3][4]. Assay Highlights - The latest results include significant gold intercepts such as: - 596.40 grams per tonne (g/t) Au over 2.0 meters from 6.1 meters downhole, including 2,293.56 g/t Au over 0.5 meters [4][5]. - 21.67 g/t Au over 3.5 meters from 96.5 meters downhole, including 135.44 g/t Au over 0.5 meters [5][6]. - 21.97 g/t Au over 2.5 meters from 48.7 meters downhole, including 88.08 g/t Au over 0.5 meters [5][6]. Implications of Results - The results are expected to enhance the understanding of spatial controls and local variability within the Lowhee Zone, which may lead to refinements in the infill drill requirements and production designs [3][9]. - Observations of above cut-off assays in previously unmodeled areas suggest potential for additional mineralization, which will be incorporated into the updated local block model [9][10]. Future Outlook - Infill drilling activities are anticipated to conclude in early Q2 2026, following a temporary suspension due to an incident reported on January 23, 2026 [3][4].

Core Viewpoint - Osisko Development Corp. has entered into a Project and Construction Management Services Agreement with JDS Energy & Mining Inc. for the development of the Cariboo Gold Project in British Columbia, indicating a strategic partnership aimed at enhancing project delivery and execution [1][2]. Company Overview - Osisko Development Corp. is focused on developing past-producing mining camps with district-scale potential, aiming to become an intermediate gold producer through its flagship Cariboo Gold Project, which is fully permitted and 100%-owned [3]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential and access to established infrastructure [3]. - Osisko Development emphasizes developing long-life mining assets in mining-friendly jurisdictions while maintaining disciplined capital allocation and development risk management [3]. JDS Energy & Mining Inc. Overview - JDS Energy & Mining Inc. is a mining services company based in Western Canada, founded in 2004, known for its skilled team and proven track record in delivering projects on budget and schedule [2]. - The company has experience in managing projects from concept through operations and reclamation, with past projects including the Minto Mine, Gahcho Kue Mine, and Silvertip Mine [2].

Core Viewpoint - Osisko Development Corp. has successfully completed a prospectus offering of common shares, raising approximately US$143.75 million to fund drilling and exploration activities at its Cariboo Gold Project, which is seen as a pivotal moment for the company in 2026 [1][2]. Group 1: Offering Details - The company issued a total of 40,607,650 common shares at a price of US$3.54 per share, resulting in gross proceeds of US$143,751,081, including the full exercise of the underwriters' over-allotment option [1]. - The offering was conducted on a "bought deal" basis with underwriters including National Bank Capital Markets, RBC Capital Markets, and Cantor as co-lead underwriters [1]. - A cash commission of 4.5% of the aggregate gross proceeds was paid to the underwriters in connection with the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill conversion drilling and at-depth exploration at the Cariboo Gold Project, as well as for general working capital purposes [3]. - The company aims to accelerate infill conversion drilling to upgrade existing mineral resources to mineral reserves, potentially enhancing annual gold production [2]. Group 3: Insider Participation - Double Zero Capital LP, an insider of the company, purchased 8,080,000 common shares for gross proceeds of US$28,603,200, exercising its pre-emptive rights under an investor rights agreement [5]. - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Group 4: Regulatory and Compliance - The offering is subject to final approval from the TSX Venture Exchange [6]. - The offering was completed in Canada and the United States through respective prospectus supplements filed with the appropriate regulatory authorities [4]. Group 5: Company Overview - Osisko Development Corp. is focused on developing its flagship Cariboo Gold Project in British Columbia, aiming to become an intermediate gold producer [8]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential [8].

Core Viewpoint - Osisko Development Corp. has appointed Ms. Sarah Harrison as Vice President of Permitting and Compliance, effective February 2, 2026, to enhance its regulatory and environmental compliance capabilities in the mining sector [1][3]. Group 1: Appointment Details - Ms. Sarah Harrison brings over 13 years of experience in environmental assessment, reclamation, permitting, and regulatory compliance within the mining industry [2]. - Her previous roles include Project Manager at JDS Energy & Mining Inc. and Environmental Manager at Artemis Gold Inc's Blackwater Gold Mine, showcasing her extensive background in permitting and compliance [2]. Group 2: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project in British Columbia, which is fully permitted and 100% owned by the company [4]. - The company aims to become an intermediate gold producer while maintaining a disciplined approach to capital allocation and development risk management [4].

Group 1 - Osisko Development Corp. (NYSE:ODV) is recognized as one of the 11 Best Gold Stocks to Buy for 2026, indicating strong market potential and investor interest [1] - The company announced a $125 million bought deal financing on January 27, 2026, to fund its Cariboo Gold Project, with 35.31 million common shares priced at $3.54 each [2] - An isolated incident at the Cariboo Gold Project resulted in the death of a surface contractor on January 22, 2026, leading to a temporary suspension of project operations while an investigation is conducted [3] Group 2 - Osisko Development Corp. is engaged in the purchase and exploration of mineral deposits, although there are opinions suggesting that certain AI stocks may offer greater upside potential with less downside risk [4]

Core Viewpoint - Osisko Development Corp. has successfully completed the sale of its 100% interest in the San Antonio Gold Project to Axo Copper Corp., marking a significant transaction for the company [1]. Group 1: Transaction Details - Osisko Development received 15,325,841 common shares of Axo, representing 9.99% of Axo's issued and outstanding common shares on a non-diluted basis at the closing of the transaction [2]. - The company is entitled to contingent deferred payments, including a cash payment equal to 70% of any Mexican value-added tax refund due to Sapuchi Mexico, and a payment of US$2,000,000 upon the public filing of a feasibility study by Axo [6]. - If Axo raises at least US$10,000,000 in equity financing, Osisko Development will retain a 9.99% interest in Axo, with specific conditions based on the issue price of the shares [2][6]. Group 2: Company Overview - Osisko Development Corp. is focused on developing past-producing mining camps with district-scale potential, aiming to become an intermediate gold producer through its flagship Cariboo Gold Project in British Columbia, Canada [4]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential and access to established infrastructure [4]. - Osisko Development emphasizes a disciplined approach to capital allocation, development risk management, and mineral inventory growth in mining-friendly jurisdictions [4].

Core Viewpoint - Osisko Development Corp. has announced a bought deal offering of 35,311,000 common shares at a price of US$3.54 per share, aiming to raise gross proceeds of US$125 million for funding exploration and general working capital [1][2]. Group 1: Offering Details - The offering consists of a base offering of 35,311,000 shares at US$3.54 per share, totaling gross proceeds of US$125,000,940 [1]. - An over-allotment option allows underwriters to purchase an additional 5,296,650 shares for up to US$18,750,141, exercisable within 30 days following the closing date [3]. - The offering is subject to regulatory approvals and is expected to close on or about January 30, 2026 [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill conversion drilling and exploration at the Cariboo Gold Project, along with general working capital [2]. Group 3: Regulatory and Access Information - The offering is being made in Canada and the U.S. through prospectus supplements filed with respective regulatory authorities [4]. - Access to the base shelf prospectus and related documents will be available on SEDAR+ and the SEC website [5][6]. Group 4: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project in British Columbia, which is fully permitted and 100% owned [9]. - The company aims to become an intermediate gold producer while maintaining a disciplined approach to capital allocation and risk management [9].

Core Viewpoint - Osisko Development Corp. reported a tragic incident involving a contractor at the Cariboo Gold Project, leading to a temporary suspension of activities for investigation [1][2]. Group 1: Incident Details - A contractor suffered a fatal injury on January 22, 2026, at the Cariboo Gold Project in British Columbia [1]. - The company has notified authorities and an investigation is currently underway [1]. Group 2: Company Response - The Chairman and CEO expressed deep sadness over the incident and extended condolences to the affected individual's family and colleagues [2]. - The health, safety, and wellbeing of all employees and contractors at the project is stated as the company's highest priority [2]. - Activities at the project have been temporarily suspended to facilitate the investigation [2]. Group 3: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project [3]. - The company aims to become an intermediate gold producer and has a project pipeline that includes the Tintic Project in Utah [3]. - The strategy emphasizes developing long-life, socially and environmentally responsible mining assets while minimizing development risks [3].

Core Insights - Seeking Alpha introduces Jeff Scott as a new contributing analyst, encouraging others to share investment ideas for publication and potential earnings [1] Analyst Background - Jeff Scott has over 30 years of experience as a retail investor and has worked for a prominent self-made billionaire and a large private equity firm, gaining significant industry knowledge [2] - His expertise spans the aviation and defense industries, with a keen focus on energy options, including fuel and oil, and has recently expanded to precious metals such as gold, silver, and copper [2] - Jeff's investment style is primarily value-oriented, seeking price-to-value disparities and supported by fundamental analysis, with some influence from technical indicators [2]