Core Viewpoint - Osisko Metals Incorporated is initiating a re-evaluation of the Gaspé Copper Project's Porphyry Mountain deposit, aiming to outline an NI 43-101 Inferred Mineral Resource Estimate by the end of 2026 through a new deep drill program and re-analysis of historical data [1][6]. Group 1: Project Overview - The Deep Porphyry Exploration Project (DPEX) will include a new deep drill program and re-assaying of historical drill core to assess the potential of the Porphyry Mountain deposit [2][6]. - The Porphyry Mountain deposit was discovered in 1994 and is located approximately 1100 meters northeast of the Gaspé Copper Mountain pit [8]. Group 2: Historical Data and Results - Re-assayed historical core from drill hole DDH 30-0943 returned 852.0 meters averaging 0.70% Cu, 2.92 g/t Ag, and 0.062% Mo, confirming previous results [4][6]. - Historical drilling indicates that the deposit remains open at depth, with many holes stopping in mineralization [5][8]. Group 3: Future Plans and Expectations - The DPEX program aims to establish the true depth and full potential of the Porphyry Mountain deposit, with a maiden Inferred MRE expected by the end of 2026 [6]. - The company anticipates significant depths for the updated GCP Copper Mountain open pit, potentially allowing future access to the deeper DPEX Porphyry Mountain deposit [6]. Group 4: Company Background - Osisko Metals focuses on the critical metals sector, particularly copper and zinc, and acquired a 100% interest in the Gaspé Copper mine in July 2023 [15]. - The Gaspé Copper mine hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq [15].

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].

Core Viewpoint - Osisko Metals Incorporated has appointed Jeff Hussey as Chief Operating Officer, effective immediately, to advance its Gaspé Copper Project [1][4]. Company Overview - Osisko Metals is a Canadian exploration and development company focused on critical metals, particularly copper and zinc [4]. - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023, which is located in Québec's Gaspé Peninsula [4]. - The Gaspé Copper mine hosts the largest undeveloped copper resource in eastern North America, 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 [4]. Leadership Changes - Jeff Hussey has over 40 years of experience in the exploration and mining industries and has held various management positions within Osisko Metals, including CEO of Pine Point Mining Limited [2][3]. - He has resigned from the board of directors of Osisko Metals but will continue to support Pine Point Mining Limited while focusing on the Gaspé Copper project as COO [3]. Project Details - The Gaspé Copper project is currently focused on resource expansion and is undergoing economic evaluation, permitting, and startup phases [3]. - In addition to the Gaspé Copper project, Osisko Metals is advancing the Pine Point project, which has Indicated Mineral Resources of 49.5 million tonnes averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 million tonnes averaging 5.64% ZnEq [5].

Corporate Governance - Five nominees were elected as directors of Falco Resources Ltd. as per the management information circular dated November 4, 2025 [1] - Mr. Alexander Dann has been appointed as Chair of the Board, succeeding Mr. Mario Caron, who will remain as lead director [2] Auditor Appointment - PricewaterhouseCoopers, LLP was appointed as the independent auditor for the upcoming year [3] Shareholder Resolutions - Shareholders approved the existing rolling 10% long-term incentive plan (LTIP) [4] - An ordinary resolution was approved for the amendment of the existing convertible secured senior loan with OR Royalties Inc., including the issuance of 19,332,237 warrants at an exercise price of $0.58 per share, expiring on December 31, 2026 [5] Debt Transactions - Transactions with OR Royalties and Glencore Canada Corporation have successfully closed and will be effective as of December 31, 2025 [6] - The principal amount of the amended OR Royalties Loan will be $26,098,521, with a conversion price of $0.45 per share and an interest rate of 9% [7] - The principal amount of the Amended Glencore Debenture will be $15,433,754, with a conversion price of $0.37 per share and an interest rate of 10% [8] Warrants Issuance - 19,332,237 OR Royalties Warrants will be issued, each exercisable at $0.58 per share, expiring on December 31, 2026 [7] - 21,381,422 New Glencore Warrants will be issued, with exercise prices of $0.38 and $0.42 per share, expiring on December 31, 2026 [9] Company Overview - Falco is one of the largest mineral claim holders in Québec, with rights to approximately 63,000 hectares in the Noranda Camp, representing 63% of the camp [11] - The main asset is the Horne 5 project, which produced 11.6 million ounces of gold and 2.5 billion pounds of copper from 1927 to 1976 [11] - Osisko Development Corp. is the largest shareholder, holding approximately 16% of the Corporation [11]

Core Insights - Falco Resources Ltd. has initiated an update of the feasibility study for its Horne 5 Project, expected to be completed in Q2 2026, reflecting significant changes in commodity prices since the 2021 Feasibility Study [1] - The updated study aims to capture the current long-term commodity pricing environment, which is anticipated to enhance the economic returns of the Horne 5 Project [2] - The Horne 5 Project is one of Canada's largest primary gold projects, expected to produce over 220,000 ounces of gold annually over a 15-year life of mine, with significant outputs of copper and zinc [2][4] Company Overview - Falco is one of the largest mineral claim holders in Québec, with rights to approximately 63,000 hectares in the Noranda Camp, representing 63% of the camp [4] - The Horne 5 Project is located beneath the former Horne mine, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper [4] - Osisko Development Corp. is the largest shareholder of Falco, holding approximately 16% of the Corporation [4]

Core Viewpoint - Falco Resources Ltd. has entered into binding agreements to extend the maturity dates of its existing debts with OR Royalties Inc. and Glencore Canada Corporation, providing the company with additional flexibility for the development of the Horne 5 Project [1][2]. Summary by Sections Agreements and Extensions - The maturity date of the OR Royalties Loan has been extended from December 31, 2025, to December 31, 2026 [1]. - The maturity date of the Glencore Debenture has also been extended from December 31, 2025, to December 31, 2026 [1]. Amendments to Loans - For the OR Royalties Loan, the principal amount will be approximately $26,098,521, with a conversion price maintained at $0.45 per Common Share and an interest rate of 9% [2]. - For the Glencore Debenture, the principal amount will be approximately $15,433,754, with a conversion price maintained at $0.37 per Common Share and an interest rate of 10% [3]. Warrants Issuance - Falco will issue 19,332,237 New OR Royalties Warrants to OR Royalties, exercisable at $0.58 per Common Share, expiring on December 31, 2026 [2]. - Falco will issue 21,381,422 New Glencore Warrants, with exercise prices of $0.38 and $0.42 per Common Share, expiring on December 31, 2026 [3]. Related Party Transactions - The transactions with OR Royalties are considered "related party transactions" and require minority approval from shareholders [4][5]. - The closing of these transactions is conditional upon obtaining minority approval, TSX Venture Exchange approval, and concurrent closing of the Glencore Debenture Amendments [5][6]. Company Background - Falco is one of the largest mineral claim holders in Québec, with rights to approximately 67,000 hectares in the Noranda Mining Camp, including the Horne 5 project, which has historical production of 11.6 million ounces of gold and 2.5 billion pounds of copper [9].

Core Viewpoint - Group Eleven Resources Corp. has successfully closed a private placement offering, raising gross proceeds of C$5,750,000 through the issuance of 17,968,750 common shares at a price of C$0.32 per share [1] Group 1: Offering Details - The offering was completed under an underwriting agreement with Cormark Securities Inc. and Beacon Securities Limited, including the full exercise of the underwriters' option [1] - The net proceeds will be used to expand the exploration drill program at Ballywire from approximately 5,000 meters to 25,000 meters, along with working capital and general corporate purposes [2] - The common shares were sold in Canada under the listed issuer financing exemption and the accredited investor exemption, with specific hold periods applicable [3] Group 2: Underwriters and Compensation - The company paid the underwriters a cash commission of C$314,550 and issued 887,812 compensation warrants, each exercisable at C$0.32 until July 31, 2027 [4] - Glencore Canada Corporation did not exercise its participation right in the offering, maintaining a 14.1% ownership interest in the company post-offering [5] Group 3: Insider Participation - A director of the company acquired 156,250 common shares in the offering, classified as a related party transaction [6] - The company relied on exemptions from formal valuation and minority approval requirements due to the transaction's market capitalization impact [6] - The common shares issued to the insider are subject to a hold period of four months under TSX Venture Exchange policies [7] Group 4: Company Overview - Group Eleven Resources Corp. is engaged in significant mineral exploration in the Republic of Ireland, with the Ballywire discovery showcasing high grades of various minerals [9] - Ballywire is located 20 km from the company's 77.64%-owned Stonepark zinc-lead deposit, adjacent to Glencore's Pallas Green zinc-lead deposit [10]