NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has completed its previously announced non-brokered private placement with four strategic investors, pursuant to which the Company issued an aggregate of 67,666,666 common shares of the Company (the "Common Shares") at an offering price ...

Core Viewpoint - Osisko Metals is set to receive a C$32.5 million ($23.2 million) investment to support the development of its Gaspé copper project in Quebec, with participation from several prominent mining companies [1][2]. Investment Details - Osisko will issue approximately 67.66 million common shares at a price of C$0.48 each through a private placement [2]. - Notable participants include Hudbay Minerals, Agnico Eagle Mines, and Franco-Nevada, with Hudbay expected to acquire over 29 million shares, representing 4.3% of outstanding shares post-financing [3]. Market Reaction - Following the announcement, Osisko Metals' stock surged over 12% to a near 52-week high of C$0.55, resulting in a market capitalization of approximately C$330.7 million ($237.1 million) [4]. Project Overview - The funding will advance the Gaspé copper project, touted as the largest copper project in eastern North America, with planned activities including drilling, permitting, and technical studies [5]. - The Gaspé mine, located near Murdochville, is expected to start producing around 500,000 tonnes of copper concentrate annually by 2032, supported by federal and provincial backing [6]. Resource Assessment - Currently, the Gaspé project has 824 million indicated tonnes grading 0.27% copper, equating to 2.23 million tonnes of contained copper, and an additional 670 million tonnes inferred grading 0.3% copper, totaling 1.99 million tonnes of copper [7].

Core Viewpoint - Osisko Metals Incorporated is set to complete a non-brokered private placement of approximately 67,666,666 common shares at an offering price of $0.48 per share, aiming for gross proceeds of about $32,480,000 to advance its Gaspé Copper project [1][4]. Group 1: Private Placement Details - The private placement will include subscriptions from strategic investors, with the size depending on contractual participation rights granted to Glencore Canada Corporation [2]. - Hudbay Minerals is expected to acquire 29,166,666 common shares, representing approximately 4.3% of the issued shares, while Agnico Eagle Mines is expected to own 87,815,000 shares, equating to about 12.5% ownership [3]. - The net proceeds from the private placement will be utilized for advancing the Gaspé Copper project, including drilling, permitting, and technical studies [4]. Group 2: Strategic Partnerships and Shareholder Support - The participation of Hudbay Minerals as a significant shareholder is viewed as a positive endorsement of the Gaspé Copper project's potential [3]. - An investor rights agreement will be established between the company and Hudbay, granting Hudbay certain rights, including top-up rights and future participation in offerings [3]. Group 3: Company Overview and Project Focus - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has a 100% interest in the Gaspé Copper project, which is the largest undeveloped copper resource in eastern North America [6][8]. - The Gaspé Copper project has current indicated mineral resources of 824 million tonnes at a grade of 0.34% CuEq and inferred resources of 670 million tonnes at 0.38% CuEq [6]. - The company is also advancing the Pine Point project, which has indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq [9].

Company Overview - Outset Medical Inc. is a medical technology company based in San Jose, California, known for developing and producing the Tablo Hemodialysis System [3]. Allegations and Financial Performance - On November 10, 2025, Outset Medical reported its third-quarter 2025 financial results, showing non-GAAP earnings per share of –$0.69, which missed consensus estimates by $0.03. The revenue was reported at $29.43 million, falling short of expectations by $1.27 million [4]. - The company also revised its full-year 2025 revenue guidance down to a range of $115–$120 million from the previous range of $122–$126 million, citing delays in several anticipated opportunities [4]. Stock Market Reaction - Following the financial announcement, Outset Medical's stock price dropped by $5.85 per share, or 48.47%, closing at $6.22 per share on November 11, 2025 [5].

Core Insights - Osisko Metals has announced new drill results from the Gaspé Copper Project, confirming significant higher-grade mineralization, particularly in the southern extension, with drill hole 30-1136 returning 64.5 metres averaging 2.70% Cu [2][6] - The company is optimistic about the growth of the project and anticipates an updated Mineral Resource Estimate (MRE) in early 2026 [2][27] Drill Results Summary - Drill hole 30-1136 reported 284.5 metres averaging 0.41% Cu, including a high-grade interval of 64.5 metres averaging 2.70% Cu [6][12] - Drill hole 30-1120 showed 598.5 metres averaging 0.28% Cu, contributing to infill and expansion efforts [6][8] - Drill hole 30-1129 revealed 881.0 metres averaging 0.22% Cu, with significant mineralization extending to a vertical depth of 897.9 metres [6][9] - Drill hole 30-1133 indicated 550.5 metres averaging 0.28% Cu, confirming mineralization to a depth of 831 metres [6][10] - Drill hole 30-1134 demonstrated 309.0 metres averaging 0.17% Cu and a deeper intersection of 228.5 metres averaging 0.41% Cu [6][11] - Drill hole 30-1138 confirmed mineralization with 685.8 metres averaging 0.27% Cu [6][13] - Drill hole 30-1139 showed 873.0 metres averaging 0.23% Cu, confirming mineralization to a depth of 815 metres [6][14] - Drill hole 30-1140 reported five intersections of mineralization, including 105.0 metres averaging 0.43% Cu [6][15] Project Overview - The Gaspé Copper Project is characterized by porphyry copper/skarn type mineralization, with significant historical mining potential [16][27] - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and explore deeper and lateral expansions of the mineralization [18][27] - Osisko Metals acquired a 100% interest in the Gaspé Copper mine in July 2023, which hosts the largest undeveloped copper resource in eastern North America [27][28]

Outset Medical Conference Call Summary Company Overview - **Company**: Outset Medical (NasdaqGS:OM) - **Industry**: Medical Devices, specifically focused on dialysis technology Key Points and Arguments Company Transformation and Performance - Outset Medical has undergone significant transformation over the past 12 months, improving various aspects of its organization and commercial operations [1][2] - The company has resolved FDA issues, leading to a more mature regulatory organization [2] - A shift to an enterprise-based sales model has been implemented, focusing on large hospital systems, resulting in a 20% increase in average order size over the last three months [2] Product and Technology - The Tablo technology has received positive feedback from customers, demonstrating its effectiveness in reducing adverse patient events and improving the quality of dialysis care [3] - Over one million Tablo treatments have been conducted, showcasing its robust capabilities [3] Financial Performance and Guidance - Despite positive developments, the company reported disappointing quarterly results and lowered guidance for 2025, leading to a reduction in 2026 projections [4][5] - The company missed consensus estimates by approximately $1.3 million due to delays in closing a large deal and mismatches in order timing for consumables [7][8] Sales and Order Dynamics - The company is working on improving the predictability and timing of deal closures, which has been a challenge since 2023 [20][22] - There is a need for better communication and alignment with customers regarding inventory management and purchasing patterns [12][14] - The fourth quarter has shown normalization in the relationship between utilization and purchase data, indicating a return to expected trends [17][19] Revenue Strategy - Outset Medical aims to increase recurring revenue from consumables and services, with a focus on EMR integration as a future revenue driver [21][32] - The company has seen strong customer satisfaction scores and is focused on enhancing service margins, targeting a gross margin of 50% [39][40] Market Position and Competition - The market for acute care dialysis is substantial, with Outset Medical positioned ahead of competitors, facing minimal competition [49][50] - The company is confident in its ability to improve capital sales predictability and achieve profitability [50][51] Future Outlook - The company plans to enhance its marketing efforts to promote the clinical value of Tablo, focusing on improving patient care outcomes [36][37] - Guidance for 2026 will be provided at the beginning of the year, with a focus on addressing current challenges and leveraging strong recurring revenue streams [44][45] Additional Important Insights - The transition in sales leadership is being managed carefully to minimize disruption, with a strong existing sales team in place [28][30] - The integration of EMR systems is expected to become a significant revenue source in the future, although it is currently a small part of the revenue picture [32][33] - The company is actively working on generating case studies and white papers to highlight the clinical benefits of its technology [36][37]

Core Insights - Osisko Metals Incorporated announced new drill results from the Gaspé Copper Project, highlighting significant mineralization and potential resource expansion [1][2][31] Summary by Category Drill Results - Drill hole 30-1115 reported 33.0 metres averaging 1.28% Cu and 8.89 g/t Ag, indicating high-grade mineralization within the C Zone skarn horizon [5][9] - Drill hole 30-1117 showed 779.0 metres averaging 0.26% Cu, extending mineralization to a vertical depth of 991 metres [10] - Drill hole 30-1118 revealed 555.9 metres averaging 0.20% Cu, with additional deeper intersections [11] - Drill hole 30-1123 recorded 313.5 metres averaging 0.23% Cu and 220.5 metres averaging 0.20% Cu, indicating both infill and expansion potential [12] - Drill hole 30-1126 demonstrated 804.0 metres averaging 0.24% Cu, extending mineralization to a vertical depth of 1033 metres [14] - Drill hole 30-1128 encountered 330.6 metres averaging 0.46% Cu, including a high-grade interval of 14.5 metres averaging 2.51% Cu [16][17] Resource Expansion - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions [22] - The Gaspé Copper Project hosts significant undeveloped copper resources, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [31] Geological Context - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with various mineralizing events recognized throughout the system [20] - The drilling strategy involves targeting altered calcareous stratigraphy, intersecting key skarn horizons that host the bulk of the disseminated copper mineralization [23]

Core Viewpoint - Osisko Metals Incorporated has announced new drill results from the Gaspé Copper Project, indicating significant mineralization and potential resource expansion in the Gaspé Peninsula of Eastern Québec [1][29]. Summary by Category Drill Results - The latest analytical results include 35 mineralized intercepts from ten new drill holes, focusing on upgrading inferred mineral resources to measured or indicated categories and expanding resources outside the current model [2][20]. - Notable drill results include: - Drill hole 30-1128: 330.6 metres averaging 0.46% Cu (0.49% CuEq - expansion) [4][7]. - Drill hole 30-1115: 33.0 metres averaging 1.28% Cu (1.36% CuEq - expansion) [4][6]. - Drill hole 30-1117: 779.0 metres averaging 0.26% Cu (0.34% CuEq - infill and expansion) [4][9]. Mineralization Details - The mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with various mineralizing events recognized throughout the system [18]. - Drill hole 30-1117 extended mineralization to a vertical depth of 991 metres, while drill hole 30-1126 extended it to 1033 metres [9][13]. - Drill hole 30-1128 identified a new mineralized zone not previously recognized, with significant high-grade intervals [15]. Resource Expansion Strategy - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to test for deeper and lateral expansions of the mineralization [20]. - The November 2024 MRE indicated significant resources, with 824 million tonnes averaging 0.34% CuEq and 670 million tonnes averaging 0.38% CuEq in the inferred category [29]. Project Background - Osisko Metals acquired a 100% interest in the Gaspé Copper mine in July 2023, which is strategically located near existing infrastructure in a mining-friendly region [29]. - The Gaspé Copper project hosts the largest undeveloped copper resource in eastern North America, emphasizing its potential for future development [29].

Company Performance - Salarius Pharmaceuticals, Inc. experienced a dramatic drop of approximately 49.5%, with its stock price falling to $1.01, reflecting volatility in the biotechnology sector focused on cancer treatments [1][6] - Vor Biopharma Inc. saw its stock price halve, decreasing by 47.77% to $9.82, following a significant market correction from a yearly high of $65.8, despite securing a $100 million offering [2] - Outset Medical, Inc. witnessed a 46.89% decline in its stock price to $6.40, indicating broader challenges within the healthcare sector, particularly for medical device companies [3] - Epsium Enterprise Limited's stock price decreased by 43.1% to $3.27, with a significant range in its stock price over the past year, reflecting market adjustments in the alcoholic beverages sector [4] Market Sentiment - The significant price movements highlight the volatility and challenges faced by companies across various sectors, prompting market participants to monitor these companies for signs of recovery or further adjustments [5]

Market Overview - U.S. stocks showed mixed performance with the Dow Jones index increasing by 0.64% to 47,673.48, while the NASDAQ decreased by 0.79% to 23,340.59 and the S&P 500 fell by 0.23% to 6,817.03 [1] - Energy shares experienced a rise of 1.2%, while information technology stocks saw a decline of 0.9% [1] Company Performance - RealReal Inc (NASDAQ:REAL) shares surged after reporting better-than-expected third-quarter results and providing fourth-quarter sales guidance above estimates, along with an increase in FY25 sales guidance [2] - enGene Holdings Inc (NASDAQ:ENGN) shares increased by 72% to $10.34 following positive Phase 2 LEGEND study data showing a 63% complete response rate [9] - Energy Vault Holdings Inc (NYSE:NRGV) shares rose by 30% to $4.62 after releasing third-quarter results [9] - Surmodics Inc (NASDAQ:SRDX) shares gained 49% to $40.80 after a court denied the FTC's attempt to block GTCR's acquisition [9] - Vor Biopharma Inc (NASDAQ:VOR) shares dropped by 50% to $9.32 due to the announcement of a $100 million public offering [9] - Salarius Pharmaceuticals Inc (NASDAQ:SLRX) shares fell by 50% to $1.00 after announcing a $7 million underwritten public offering [9] - Outset Medical Inc (NASDAQ:OM) shares decreased by 50% to $6.07 following worse-than-expected third-quarter results and a cut in FY25 sales guidance [9] Commodity Market - Oil prices increased by 1.5% to $61.00, while gold rose by 0.3% to $4,134.70 [5] - Silver traded up by 0.8% to $50.730, whereas copper fell by 0.4% to $5.0845 [5] European Market - European shares showed positive movement with the eurozone's STOXX 600 rising by 1.05%, Spain's IBEX 35 Index gaining 1.05%, and London's FTSE 100 increasing by 0.94% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.14%, Hong Kong's Hang Seng up by 0.18%, China's Shanghai Composite down by 0.39%, and India's BSE Sensex up by 0.40% [7]