Core Viewpoint - Osisko Development Corp. has filed a new technical report for its Cariboo Gold Project, highlighting the results of the 2025 feasibility study, which indicates significant economic potential for the project [1][3]. Group 1: Technical Report Details - The technical report is titled "NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project" and is dated June 11, 2025, with an effective date of April 25, 2025 [2]. - The report was prepared by independent consultants from BBA Engineering Ltd. and supported by various other independent engineering firms, all of whom are qualified persons under NI 43-101 [2]. - The new technical report supersedes a previous report dated January 12, 2023, which is no longer reliable [4]. Group 2: Economic Highlights - The feasibility study indicates an after-tax NPV5% of C$943 million and an internal rate of return (IRR) of 22.1% at a base case gold price of US$2,400 per ounce [3]. - At a spot gold price of US$3,300 per ounce, the after-tax NPV5% increases to C$2.1 billion with an IRR of 38.0% [3]. Group 3: Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, with the Cariboo Gold Project being its flagship asset [6]. - The company aims to become an intermediate gold producer and has additional projects in Utah and Mexico, which have significant exploration potential [6].

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]

Core Points - Osisko Development Corp. held its annual and special meeting of shareholders on May 7, 2025, with 80,489,188 common shares voted, representing approximately 58.9% of total issued shares [1] Group 1: Election of Directors - All nominated directors were elected to the board for the upcoming year, with Sean Roosen receiving 97.78% of votes for, and Charles E. Page receiving 97.99% [2] Group 2: Appointment of Auditor - PricewaterhouseCoopers LLP was re-appointed as the independent auditor with 82.27% of votes for, while 17.73% of votes were withheld [3] Group 3: Approval of the Omnibus Plan - The Omnibus equity incentive plan was approved with 86.51% of votes for, while 13.49% voted against it; existing stock option and restricted share unit plans were not voted on as the Omnibus Plan supersedes them [4] Group 4: Company Overview - Osisko Development Corp. is focused on gold development in North America, aiming to become an intermediate gold producer through its Cariboo Gold Project in British Columbia, Canada, and other projects in Utah and Mexico [5][6]

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]

Core Insights - Osisko Development Corp. reported its financial and operational results for Q1 2025, highlighting significant developments in its Cariboo Gold Project and other initiatives [1][2]. Financial and Operational Highlights - As of March 31, 2025, the company had approximately $77.6 million in cash and cash equivalents, with $35.7 million outstanding under a delayed draw term loan [5]. - The 2025 Feasibility Study (FS) for the Cariboo Gold Project indicates a strong base case with an after-tax NPV at a 5% discount of $943 million and an IRR of 22.1% based on a gold price of $2,400 per ounce [4][10]. - The average annual free cash flow is projected at $158 million, with an average all-in sustaining cost (AISC) of $1,157 per ounce over the life of the mine [4][10]. Project Updates - The Cariboo Gold Project is designed as a low-impact underground operation with an initial capital cost estimated at $881 million and sustaining capital costs of $525 million [10]. - The company is actively pursuing project financing options and aims to commence construction activities in the second half of 2025, targeting project completion by the end of 2027 [10]. - The San Antonio Gold Project is currently under care and maintenance, with plans to re-submit mining permit applications [8]. Upcoming Milestones - Key upcoming milestones include bulk sampling and water management activities scheduled for Q3 and Q4 2025, respectively, with associated costs of $4.1 million and $6.1 million [11]. - The company is also progressing with Phase II regional drilling at the Tintic Project, with expected completion in Q2 2025 [11]. Management Changes - The company appointed Mr. David Rouleau as Vice President of Project Development and Mr. Philip Rabenok as Vice President of Investor Relations during Q1 2025 [5].

(All dollar amounts are expressed in CAD dollars, unless stated otherwise) HIGHLIGHTS MONTREAL, Québec, April 28, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the results of a positive optimized Feasibility Study ("2025 FS") for its permitted, 100%-owned Cariboo Gold Project ("Cariboo Gold" or the "Project"), located in central British Columbia ("BC"), Canada. The 2025 FS was completed by BBA Engineering Ltd. ("BBA") ...

MONTREAL, April 14, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that its common share purchase warrants (the "Warrants") issued pursuant to private placements completed by the Company between October and November of 2024 will be listed for trading on the TSX Venture Exchange (the "TSXV") under the symbol "ODV.WT.V". The Warrants are expected to be listed for trading on the TSXV effective as of the opening of markets ...

Financial Reporting - The Company has filed its annual information form, audited consolidated financial statements, and management's discussion and analysis for the year ended December 31, 2024[14]. - No relevant financial data or performance metrics were provided in the content[33]. Project Development - The Cariboo Gold Project is fully permitted and aims to become an intermediate gold producer, with significant exploration potential in the Tintic Project and San Antonio Gold Project[23]. - The Company emphasizes the importance of obtaining project finance for the development of the Cariboo Gold Project and the potential impact of capital market conditions[31]. - The Company is actively consulting with Indigenous nations and stakeholders regarding its permits for the Cariboo Gold Project[32]. Personnel Changes - The Company appointed Mr. David Rouleau as Vice President, Project Development, and Mr. Éric Tremblay resigned as Chief Operating Officer[16]. Exploration Activities - The Company released drilling results from its 2024 exploration campaign at the Quesnel River Mine Prospect, part of the Cariboo Gold Project[16]. - The Trixie deposit's mineral resource estimate is supported by a technical report dated April 25, 2024, with an effective date of March 14, 2024[19]. - Small-scale test mining at the Trixie test mine was suspended in December 2023, with no guarantee of resuming production as anticipated[28]. Risks and Uncertainties - The Company cautions that it has no mines in commercial production and is subject to financing risks for its exploration and development activities[27]. - The Company disclaims any obligation to update forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ materially[31].

Core Insights - Osisko Development Corp. reported its financial and operational results for Q4 2024, highlighting significant progress in its Cariboo Gold Project and other initiatives [1][2]. Financial Highlights - As of December 31, 2024, the company had approximately CAD 106.7 million in cash and cash equivalents [4]. - The company completed a non-brokered private placement, issuing 19,163,410 units at USD 1.80 per unit, raising approximately USD 34.5 million [4]. - A brokered private placement was also completed, raising approximately USD 57.5 million by issuing 31,946,366 units at the same price [4]. Project Updates - The Cariboo Gold Project is now fully permitted, with approvals granted under the Mines Act and Environmental Management Act, marking its shovel-ready status [4]. - The company is engaged in ongoing discussions for project financing options for the Cariboo Gold Project [4]. - Pre-construction activities have commenced, including underground development to extract a bulk sample of up to 10,000 tonnes of mineralized material [8]. Upcoming Milestones - Key milestones for the Cariboo Gold Project include: - Completion of electrical and communication work in Q1 2025 with remaining costs of CAD 0.7 million [10]. - Bulk sample extraction expected in Q2 2025 with remaining costs of CAD 6.4 million [10]. - Updated feasibility study anticipated in Q2 2025 with remaining costs of CAD 2.5 million [10]. Strategic Developments - The company is conducting a strategic review of the San Antonio Gold Project, exploring potential partnerships or sales [9]. - The Tintic Project has completed Phase I regional drilling, with Phase II drilling expected to be completed in Q2 2025 [9]. Management Changes - New appointments include Mr. David Rouleau as Vice President, Project Development, and Mr. Philip Rabenok as Vice President, Investor Relations [16].