Osisko Metals Welcomes the Participation of the Quebec Government in Its Gaspé Copper Project

Core Points - The Government of Quebec is participating in the Gaspé Copper Project, aiming to maximize its economic benefits through a newly formed committee [2][4] - Osisko Metals plans to restart the Gaspé Copper mine by 2031, with significant estimated resources of copper and other by-products [3][9] - The project is currently in the advanced exploration phase, with feasibility studies expected to continue until 2027 [3] Government Involvement - The committee will be overseen by the Quebec Ministry of Natural Resources and Forests, focusing on collaboration with the business community [2][4] - The initiative reflects the government's commitment to harmoniously develop mining activities and modernize the Mining Act [2][4] Project Objectives - The maximization committee aims to enhance economic benefits regionally and increase participation from local and Indigenous businesses [5][6] - The committee will facilitate exchanges between the business community and Osisko Metals, improving understanding of the project's opportunities [6] Company Overview - Osisko Metals is focused on critical metals, particularly copper and zinc, and has acquired a 100% interest in the Gaspé Copper mine from Glencore Canada in July 2023 [8][9] - The Gaspé Copper project is noted for hosting the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [9] Additional Projects - In addition to the Gaspé Copper project, Osisko Metals is advancing the Pine Point project, one of Canada's largest past-producing zinc mining camps [10]