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]

Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing from C$60 million to C$75 million due to excess demand [1][2]. Group 1: Offering Details - The offering consists of three tranches of shares under the "listed issuer financing exemption," aiming for gross proceeds of approximately C$50 million, along with an additional private placement for approximately C$10 million [2]. - Following an amendment, the size of the Concurrent Private Placement has been increased by approximately C$15 million, resulting in a total of 5,230,200 Common Shares at a price of C$4.78 per share, yielding 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]. 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, with additional projects in Utah and Mexico [6]. - The company's strategy emphasizes the development of long-life, socially and environmentally responsible mining assets while minimizing development risks [6].

Core Viewpoint - Osisko Development Corp. has increased its "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [1]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, generating gross proceeds of C$49,999,980 [2]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, raising gross proceeds of C$10,000,238 [2]. Use of Proceeds - The net proceeds, approximately C$30 million, will be allocated to the capital required for the construction of the Cariboo Gold Project and related pre-construction activities [3]. Offering Structure - The LIFE Offering includes 2,990,000 National Flow-Through Shares at C$6.69 per share for gross proceeds of C$20,003,100, and 1,444,000 British Columbia Flow-Through Shares at C$6.93 per share for gross proceeds of C$10,006,920 [7]. - The Common Shares will also include 4,182,000 shares at C$4.78 per share for gross proceeds of C$19,989,960 [7]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is expected on or about October 29, 2025, subject to regulatory approvals [5]. Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, aiming to become an intermediate gold producer through its flagship Cariboo Gold Project [10].

Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [2][3]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, aiming for aggregate gross proceeds of C$49,999,980 [3]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, generating gross proceeds of C$10,000,238 [3]. - The total net proceeds from both offerings are expected to be approximately C$30 million, which will be allocated to the Cariboo Gold Project and related pre-construction activities [4]. Offering Structure - The LIFE Offering includes National Flow-Through Shares and British Columbia Flow-Through Shares, with gross proceeds of C$20,003,100 and C$10,006,920 respectively [8]. - The Common Shares will also be offered at a price of C$4.78, contributing gross proceeds of C$19,989,960 [8]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is anticipated on or about October 29, 2025, subject to regulatory approvals [6]. Company Overview - Osisko Development Corp. focuses on gold development in North America, particularly in mining-friendly jurisdictions, with the goal of becoming an intermediate gold producer [13]. - 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 [13].

Core Viewpoint - Osisko Development (ODV), a Canadian gold developer, experienced a 7.3% decline in its stock price following the announcement of a CAD 30 million underwriting agreement aimed at financing exploration expenditures in Canada [1] Group 1 - Osisko Development signed a CAD 30 million underwriting agreement [1] - The financing is intended to support exploration expenditures in Canada [1] - The stock price of Osisko Development fell by 7.3% in early trading on Thursday [1]

Core Points - Osisko Development Corp. has entered into an agreement for a bought deal private placement of flow-through shares, aiming for aggregate gross proceeds of C$30,010,020 [1][2][7] - The proceeds will be used for eligible Canadian exploration expenses, specifically for exploration activities on the Company's properties in British Columbia [2][4] - The Offering is expected to close on or about October 29, 2025, subject to regulatory approvals [3][4] Offering Details - The Offering consists of two tranches: 2,990,000 common shares at C$6.69 per share for gross proceeds of C$20,003,100 and 1,444,000 common shares at C$6.93 per share for gross proceeds of C$10,006,920 [7] - The Flow-Through Shares will qualify as "flow-through shares" under the Income Tax Act and will not be subject to a statutory hold period [4][7] - Certain purchasers intend to donate or sell some of the Flow-Through Shares to registered charities or other purchasers on the Closing Date [5] Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, with a goal to become an intermediate gold producer [9] - The flagship project is the Cariboo Gold Project in British Columbia, complemented by other projects in Utah and Mexico [9] - The Company aims to develop long-life, socially and environmentally responsible mining assets while minimizing development risk [9]

Core Viewpoint - Osisko Development Corp. has announced a private placement offering of flow-through shares, aiming to raise gross proceeds of C$30,010,020 for eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The offering consists of two tranches: 2,990,000 common shares at C$6.69 per share for gross proceeds of C$20,003,100, and 1,444,000 common shares at C$6.93 per share for gross proceeds of C$10,006,920 [8]. - The offering is expected to close on or about October 29, 2025, subject to regulatory approvals [3]. Group 2: Use of Proceeds - The proceeds will be used for "Canadian exploration expenses" qualifying as flow-through mining expenditures under the Tax Act, specifically for exploration activities on the Company's properties in British Columbia [2]. Group 3: Regulatory and Compliance - The offering will be conducted under the LIFE Exemption, allowing for sales without a prospectus filing in Canada and potentially in offshore jurisdictions [4]. - The Company will pay underwriters a cash commission of 4.50% of the gross proceeds from the offering [5].

Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, indicating promising continuity and high-grade gold intercepts [2][3][4] Infill Drilling Program - The infill drilling program commenced in August 2025, focusing on the Lowhee Zone of the Cariboo Gold Project, with 2,279 meters completed so far, representing approximately 17.5% of the total planned drilling [2][4] - Initial results show high-grade gold intercepts, including 45.24 g/t Au over 3.0 meters, reinforcing the potential for delineating new zones and expanding existing ones [4][5][6] Geological and Resource Insights - The Lowhee Zone has been identified as a high-priority drill target, with previous drilling campaigns successfully identifying auriferous quartz-carbonate veins [20][21] - The Cariboo Gold Project hosts probable mineral reserves of 2.07 million ounces of contained gold, with measured and indicated resources totaling 1.68 million ounces [27] Project Development and Infrastructure - The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in central British Columbia, covering approximately 186,740 hectares [26] - The project has received key environmental permits, solidifying its shovel-ready status for future development [26][27] Future Outlook - The comprehensive drilling program is designed to provide critical data for resource modeling, mine planning, and optimization of production stope design, with further updates expected as drilling progresses [3][4]

Core Insights - The precious metals market has experienced significant gains in 2025, with gold, silver, and platinum prices rising substantially, indicating a strong trend in hard assets [4][22]. Precious Metals Performance - Gold started the year at $2,645 per ounce and has risen to over $3,850, marking a gain of over 47% [4]. - Silver began at $29.60 per ounce and is now over $47, reflecting a gain of about 58% [4]. - Platinum started at $995 per ounce and is currently in the $1,600 range, achieving a gain of 60% [4]. Investment Considerations - The increase in precious metal prices is attributed to the declining value of the dollar, a trend that has been ongoing since the U.S. left the gold standard in 1971 [7][22]. - Investors are advised to hold physical metals rather than selling them, as they represent real money and are not subject to the liabilities associated with financial instruments [10][12]. Mining and Royalty Companies - The rise in precious metal prices has positively impacted mining and royalty companies, leading to significant stock price increases for several key players: - Franco Nevada Corp. (FNV) rose from $125 to $225 [15]. - Royal Gold, Inc. (RGLD) increased from $134 to $198 [15]. - Osisko Royalties (OR) went from $18 to over $39 [15]. - Wheaton Precious Metals (WPM) climbed from $56 to $110 [15]. - Major mining companies also saw substantial gains: - Barrick Mining (B) increased from $14 to $33 [18]. - Newmont Mining (NEM) rose from $38 to $84 [18]. - Agnico Eagle Mines (AEM) moved from $83 to $166 [19]. - Kinross Gold (KGC) increased from $9.50 to over $24 [19]. Market Outlook - The ongoing trend suggests that as long as precious metal prices continue to rise, royalty plays and mining companies will benefit from increased cash flow and profitability [16][24]. - The potential for a global recovery in faith in the dollar could impact precious metal prices, but such a scenario seems unlikely given current government spending trends [17][22].

Financial Data and Key Metrics Changes - The company recently achieved a market capitalization of $1 billion and has seen a positive stock performance following the completion of financing, which included raising $653 million [2][12] - The internal rate of return (IRR) at current gold prices is around 40%, significantly higher than the 22% IRR at a $2,400 gold price [13][14] - The project has a net present value (NPV) of approximately $2 billion at current gold prices, with a payback period of only 1.6 years [14] Business Line Data and Key Metrics Changes - The company is currently constructing two mines, with reserves of 2 million ounces and additional resources of 1.86 million ounces inferred [3][4][11] - The feasibility study indicates a mine life of 10 years, starting production at 200,000 ounces per year, with plans to increase production as additional resources are developed [11][12] Market Data and Key Metrics Changes - The company is positioned in a supportive mining environment in British Columbia, with strong government backing and favorable conditions for growth [18][20] - The company has completed all necessary environmental assessments and received final mining permits, indicating readiness for development [20] Company Strategy and Development Direction - The company aims to build a world-class mining operation, leveraging existing infrastructure to increase production efficiency and reduce costs [10][12] - Future plans include converting inferred resources into measured and indicated categories to expand reserves and production capabilities [16][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the project's potential, citing strong geological characteristics and supportive government relations as key advantages [18][19] - The management team believes that as the project progresses and more geological data becomes available, investor confidence will increase, similar to past successes [36][39] Other Important Information - The company has a fully financed project with $653 million raised, ensuring funding for the initial phase of development [12][20] - The project has significant infrastructure in place, including a mill capable of processing 11,000 tonnes per day, although currently permitted for 5,000 tonnes [5][17] Q&A Session Summary Question: What do analysts need to see to raise their price targets? - Management indicated that improved geological reconciliation and underground access would help build investor confidence, similar to past projects that gained traction over time [36][39]