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

Core Viewpoint - Osisko Metals Incorporated successfully closed a bought-deal private placement financing, issuing 11,812,000 flow-through shares at C$1.27 per share, raising gross proceeds of C$15,001,240 for Canadian exploration expenses [1][2]. Group 1: Financing Details - The financing will fund eligible "Canadian exploration expenses" classified as "flow-through critical mineral mining expenditures" for the company's projects in Canada, to be incurred by December 31, 2027 [2]. - The offering was co-led by Canaccord Genuity Corp. and BMO Capital Markets, with strategic investors Agnico Eagle Mines Limited and Hudbay Minerals Inc. purchasing shares at C$0.85 per common share for approximately C$10 million [3]. Group 2: Regulatory and Compliance Information - The flow-through shares are subject to a hold period of four months and one day from the closing date, in accordance with Canadian securities laws, and the offering is pending final acceptance by the Toronto Stock Exchange [4]. Group 3: Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has a 100% interest in the Gaspé Copper project, which has indicated mineral resources of 824 million tonnes grading 0.34% CuEq [6]. - The company is also advancing the Pine Point project, with indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq, located in the Northwest Territories [7].