Osisko Metals Announces C$15 Million "Bought Deal" Flow-Through Share Financing

Core Viewpoint - Osisko Metals Incorporated has announced a bought deal private placement financing for 11,812,000 flow-through shares at a price of C$1.27 per share, aiming to raise gross proceeds of C$15,001,240 to fund Canadian exploration expenses related to its projects [1][2]. Group 1: Financing Details - The financing will involve the issuance of flow-through shares, which are designed to allow the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures [2]. - The offering is expected to close around February 3, 2026, pending approval from the Toronto Stock Exchange and other conditions [3]. - A cash commission of 5% of the gross proceeds will be paid to the underwriters for their services [4]. Group 2: Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has acquired a 100% interest in the Gaspé Copper mine, which is the largest undeveloped copper resource in eastern North America [6]. - The Gaspé Copper project has current indicated mineral resources of 824 million tonnes grading 0.34% CuEq and inferred mineral resources of 670 million tonnes grading 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 and inferred resources of 8.3 million tonnes at 5.64% ZnEq [7].