Globenewswire·2025-12-03 11:00Core 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].