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 10,000 meters completed, representing about 72% of the planned drilling [2][3]. Drilling Program Overview - The infill drilling program commenced in August 2025 and is focused on the Lowhee Zone of the Cariboo Gold Project, which is 100% owned by the company [2]. - A total of 5,983 meters of drilling has been completed, with 3,704 meters reported in this release, indicating that approximately 44% of the planned drilling has been executed [5]. Assay Results - The assay results include significant gold grades, such as 8.56 grams per tonne (g/t) over 8.5 meters from a depth of 60.5 meters, and 16.95 g/t over 4.0 meters from 80 meters depth [5][6]. - The results are consistent with modelled reserve stopes and indicate potential for additional mineralization in previously unexplored areas [5][9]. Future Implications - The ongoing infill drilling is expected to refine production designs and sequencing, with the program set to conclude in the first quarter of 2026 [4][5]. - The data gathered will inform an updated local block model and may lead to the addition of new planned reserve stopes based on the final estimation process [9][10].

Core Insights - Osisko Development Corp. has initiated a fully-funded 70,000-meter exploration drilling campaign at the Cariboo Gold Project, aiming for new discoveries in British Columbia, Canada [2][4]. Exploration Program Details - The exploration program will utilize multiple drill rigs, starting with two and ramping up to six by the end of 2026, focusing on key targets such as Cariboo Deep, Proserpine Mountain, and Barkerville Mountain [3][4]. - The Cariboo Deep target will involve approximately 10,000 meters of drilling in 11 holes, aiming to explore areas beneath the existing deposit to a depth of 800 meters [5][9]. - Proserpine Mountain will see around 20,000 meters of drilling across more than 30 holes, targeting a potential open-pit area southeast of the Cariboo deposit [4][5]. - Barkerville Mountain will have initial drilling planned in the Lowhee-KL Gap Zone and Williams Creek, focusing on new discoveries adjacent to the existing mineral resources [5][15]. Mineral Resource Estimates - The Cariboo Gold Project currently hosts probable mineral reserves of 2.071 million ounces of gold, with measured and indicated resources totaling 1.604 million ounces and inferred resources of 1.864 million ounces [21][27]. - The existing mineral resources are primarily defined to an average depth of 350 meters, with the new drilling program aimed at extending this depth by at least 300 meters [9][21]. Future Updates - A preliminary exploration progress update is expected in Q2 2026, providing insights into the outcomes of the ongoing drilling efforts [4].

Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1] Group 1 - The author, Alberto, possesses a Master's degree in Business Economics and has a strong managerial and economic background, complemented by a solid quantitative foundation [1] - The investment strategy described is applicable across all sectors and types of stocks, making it broadly relevant for different investment approaches [1]

Core Viewpoint - Osisko Development Corp. has entered into a securities purchase agreement to sell its 100% interest in the San Antonio Gold Project to Axo Copper Corp. This transaction aligns with the company's strategy to focus on priority development assets [1][2]. Group 1: Transaction Details - The transaction involves Osisko Development selling its interest in the San Antonio Gold Project, located in Sonora State, Mexico, to Axo Copper Corp. [1] - Upon closing, Osisko Development will receive 15,305,536 common shares of Axo, equating to a 9.99% ownership stake in Axo on a non-diluted basis [2][3]. - The transaction is subject to customary closing conditions, including acceptance by the TSX Venture Exchange [3]. Group 2: Contingent Payments - Osisko Development is entitled to contingent payments, including a cash payment equal to 70% of any Mexican value-added tax refund due to Sapuchi [7]. - Additional payments include US$2,000,000 upon the public filing of a feasibility study by Axo and another US$2,000,000 upon the first gold pour at the Project [7]. - If Axo completes equity financings resulting in at least US$10,000,000 in gross proceeds, Osisko Development will receive additional Axo Shares to maintain its 9.99% interest [7]. Group 3: Company Background - Osisko Development Corp. is focused on developing past-producing mining camps in North America, aiming to become an intermediate gold producer [5]. - The company is advancing its flagship Cariboo Gold Project and has a project pipeline that includes the Tintic Project in Utah, U.S.A. [5].

Financial Position - As of September 30, 2025, the company had approximately $401.4 million in cash and cash equivalents, with $137.2 million (US$100.0 million) drawn under the US$450 million Appian financing facility[5]. - The company completed private placements for approximately $280.4 million (US$203.1 million) in gross proceeds during the quarter, including a "bought deal" of 58,560,000 units at US$2.05 per unit[4]. - The Company has no mines in commercial production and relies on financing for exploration and development activities, which may lead to significant dilution of shareholder equity[29]. - The Company may need to seek additional financing for the Cariboo Gold Project, which may not be available on favorable terms[34]. - The Company anticipates that the 2025 Financing Facility will be crucial for funding the construction of the Cariboo Gold Project[35]. Revenue Generation - The company generated $4.4 million in revenues from the sale of 877 gold ounces in Q3 2025, compared to $0.2 million in Q3 2024, indicating significant growth[5]. - The Tintic small-scale heap leach project sold 877 ounces of gold in Q3 2025, with operations expected to continue into Q4 2025[16]. Project Development - The ongoing 13,000-meter infill drilling program at the Cariboo Gold Project is expected to provide critical data for resource modeling and mine planning, with 6,900 meters completed to date[10]. - The company expects to complete the infill drilling program by Q1 2026, with full assays pending[10]. - The Cariboo Gold Project remains in the development stage with no certainty of achieving commercial production within anticipated timelines or costs[33]. - Actual results and costs for the Cariboo Gold Project may differ materially due to unforeseen geological conditions, equipment failures, and regulatory delays[34]. - The San Antonio Gold Project remains in care and maintenance, with plans to re-submit mining permit applications as the approval process gains traction[18]. Operational Challenges - Small-scale test mining at the Trixie test mine was suspended in December 2022, resumed in Q2 2023, and suspended again in December 2023, indicating high uncertainty in production continuity[30]. - The Company has not based its decision to continue operations at Trixie on a feasibility study, increasing the risk of economic and technical failure[30]. Leadership and Stakeholder Engagement - The company appointed Scott Smith as Vice President of Exploration, enhancing its leadership team[25]. - Subsequent to Q3 2025, the company acquired 6,250,000 units of Falco Resources Ltd. for an aggregate purchase price of $2.0 million, increasing its stake to approximately 15.9%[25]. - The Company is actively consulting with Indigenous nations and stakeholders regarding the Cariboo Gold Project, which may impact project timelines[36]. Regulatory and Reporting Considerations - The Company is subject to Canadian securities laws and reports mineral resources and reserves according to NI 43-101, which may not be comparable to U.S. reporting standards[31][32]. - The Company acknowledges that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations[35].

Core Insights - Osisko Development Corp. reported its financial and operational results for Q3 2025, highlighting significant cash reserves and ongoing project developments [2][3]. Financial Highlights - The company had approximately $401.4 million in cash and cash equivalents as of September 30, 2025 [5]. - Revenues for Q3 2025 were $4.4 million, a substantial increase from $0.2 million in Q3 2024, generated from the sale of 877 gold ounces from the Tintic small-scale heap leach project [5]. - The company completed private placements for approximately $280.4 million (US$203.1 million) in gross proceeds during the quarter [4][5]. Project Developments - The Cariboo Gold Project is advancing with pre-construction activities and underground mine development, including a 13,000-meter infill drill program [4][9]. - The company sold 877 ounces of gold from the Tintic project and plans to continue small-scale operations into Q4 2025 [18]. - The San Antonio Gold Project remains in care and maintenance, with plans to re-submit mining permit applications [19]. Financing Activities - Osisko Development drew approximately $137.2 million (US$100.0 million) under a US$450 million financing facility with Appian Capital Advisory Limited [4][5]. - An additional private placement for approximately $82.5 million in gross proceeds was completed [4][5]. Upcoming Milestones - Key milestones for the Cariboo Gold Project include underground development completion in Q4 2025, with remaining costs estimated at $7.9 million [14]. - The company expects to complete the infill drilling program by Q1 2026, with remaining costs of $2.6 million [14].

Core Viewpoint - Osisko Development Corp. has appointed Mr. Scott Smith as Vice President of Exploration, effective November 1, 2025, to enhance its exploration capabilities and advance the Cariboo Gold Project and other properties [1][2]. Company Overview - Osisko Development Corp. is focused on gold development in North America, particularly in past-producing mining camps with significant potential. The company aims to become an intermediate gold producer by advancing its flagship Cariboo Gold Project in British Columbia, Canada [4]. Appointment Details - Mr. Scott Smith brings over 30 years of experience in the mining sector, having held senior management roles and led geological teams in mine production and exploration across North and South America [3]. - His previous role was as Executive Vice President of Exploration at Prime Mining Corp., where he successfully led resource extension and exploration strategies, contributing to the company's acquisition by Torex Gold Resources Inc. [3]. Experience and Qualifications - Mr. Smith has extensive experience in managing exploration teams for major mining companies, including Teck Resources Limited and Newmont Corporation, and has a strong background in operational geology [3]. - He holds a B.Sc. in Geology from the University of Alberta and is a registered Professional Geologist in Canada [3].

Core Viewpoint - Osisko Development Corp. successfully closed an oversubscribed private placement offering, raising approximately C$82.5 million through the issuance of 15,409,798 common shares [1]. Group 1: Offering Details - The offering was co-led by National Bank Financial Inc., BMO Capital Markets, and RBC Capital Markets as co-lead underwriters and co-bookrunners [2]. - The proceeds from the offering will be used for eligible Canadian exploration expenses and to support the construction of the Cariboo Gold Project [3][4]. - The offering includes various types of shares, such as National Flow-Through Shares and British Columbia Flow-Through Shares, with specific gross proceeds of C$20,003,100 and C$10,006,920 respectively [6]. Group 2: Insider Participation - Double Zero Capital LP, an insider of the company, subscribed for 2,447,775 common shares at a price of C$4.78, contributing gross proceeds of C$11,700,365 [6]. - The subscription by Double Zero is classified as a related party transaction, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [7]. Group 3: Regulatory and Compliance - The common shares issued will be subject to a statutory hold period of four months and one day under Canadian securities laws, pending final acceptance by the TSX Venture Exchange [5]. - The company is exempt from certain regulatory requirements due to the fair market value of the transaction being less than 25% of its market capitalization [7]. Group 4: Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, with the Cariboo Gold Project as its flagship asset [9]. - The company aims to become an intermediate gold producer while minimizing development risks and enhancing mineral resources [9].

Core Viewpoint - Osisko Development Corp. has acquired 6,250,000 units of Falco Resources Ltd. for C$2,000,000 as part of a private placement, increasing its stake in Falco [1] Group 1: Acquisition Details - The acquisition was made through Osisko Development's wholly-owned subsidiary, Barkerville Gold Mines Ltd. [1] - Each unit purchased consists of one common share and one-half of a common share purchase warrant [1] - The total offering by Falco consisted of 41,005,000 units [1] Group 2: Ownership Before and After the Offering - Prior to the offering, Osisko Development held 48,675,240 common shares and 1,790,000 warrants, representing approximately 16.0% of the issued common shares on a non-diluted basis and 16.5% on a partially diluted basis [2] - Following the completion of the offering, Osisko Development now owns 54,925,240 common shares and 4,915,000 warrants, representing approximately 15.9% of the issued common shares on a non-diluted basis and 17.1% on a partially diluted basis [3] Group 3: Future Intentions - The securities were acquired for investment purposes, and the company may acquire additional securities of Falco in the future depending on market conditions [5] - Osisko Development reserves the right to dispose of any or all of its securities at any time [5] Group 4: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, with a goal to become an intermediate gold producer [6] - The company is advancing its flagship Cariboo Gold Project and has additional projects in Utah and Mexico, emphasizing long-life and environmentally responsible mining assets [6]

Core Points - Osisko Development Corp. has increased its "bought deal" financing from C$60 million to C$75 million due to excess demand [1] - The financing includes three tranches of shares under the "listed issuer financing exemption" for gross proceeds of approximately C$50 million and an additional private placement for approximately C$10 million [2] - The Concurrent Private Placement has been increased by approximately C$15 million, totaling 5,230,200 Common Shares at a price of C$4.78 per share for gross proceeds of C$25,000,356 [3] - The closing of both the LIFE Offering and the Concurrent Private Placement is expected on or about October 29, 2025, subject to regulatory approvals [4] Company Overview - Osisko Development Corp. is focused on gold development in North America, aiming to become an intermediate gold producer by advancing its Cariboo Gold Project in British Columbia [6] - The company also has projects in Utah and Mexico, emphasizing long-life, socially and environmentally responsible mining assets while minimizing development risk [6]