Group 1 - Axo Copper Corp. has successfully closed an upsized bought deal offering, selling 57,500,000 units at a price of $0.70 per unit, resulting in gross proceeds of $40,250,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $1.00 for 18 months [1] - The proceeds from the offering will be used to advance the La Huerta Project and San Antonio Project, as well as for working capital and general corporate purposes [1] Group 2 - The offering was led by Desjardins Capital Markets and BMO Capital Markets, with a cash commission of 6.0% on the gross proceeds paid to the underwriters [2] - The company will issue 2,363,516 common shares to Osisko Development Corp. and 1,180,575 common shares to OR Royalties International Ltd. to maintain their respective ownership interests [3] - The offering was conducted in compliance with applicable securities laws in Canada, except Québec, and is subject to final acceptance by the TSX Venture Exchange [4] Group 3 - Axo Copper Corp. is engaged in the exploration and development of the La Huerta property in Jalisco, Mexico, and the San Antonio gold property in Sonora, Mexico [7]

Company Overview - Osisko Development Corp. (NYSE:ODV) was founded in 2006 and is headquartered in Montreal, focusing on the acquisition, exploration, and development of precious metals properties across North America [4] Recent Developments - On January 27, Osisko announced a bought deal financing with National Bank Capital Markets, RBC Capital Markets, and Cantor, issuing 35.31 million common shares at $3.54 per share for gross proceeds of approximately $125 million. The net proceeds will be used for infill conversion drilling, deeper exploration at the Cariboo Gold Project, and general working capital [3] - Stifel raised its price target on Osisko Development Corp. to C$10 from C$8 while maintaining a Buy rating, indicating confidence in the company's development progress and the advancing fundamentals of its core assets [2] Project Highlights - The Cariboo Gold Project is highlighted as Osisko's flagship project, moving toward a value-creation inflection point, supported by improving project visibility and strengthening gold market dynamics [2]

Group 1 - Osisko Development Corp. (NYSE:ODV) is recognized as one of the 11 Best Gold Stocks to Buy for 2026, indicating strong market potential and investor interest [1] - The company announced a $125 million bought deal financing on January 27, 2026, to fund its Cariboo Gold Project, with 35.31 million common shares priced at $3.54 each [2] - An isolated incident at the Cariboo Gold Project resulted in the death of a surface contractor on January 22, 2026, leading to a temporary suspension of project operations while an investigation is conducted [3] Group 2 - Osisko Development Corp. is engaged in the purchase and exploration of mineral deposits, although there are opinions suggesting that certain AI stocks may offer greater upside potential with less downside risk [4]

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 Insights - Colibri Resource Corporation has commenced drilling at its EP Gold Project, a 4,766-hectare land package located in the Caborca Gold Belt, Sonora, Mexico, marking a new phase of exploration for the company [1][6] Company Overview - Colibri Resource Corporation is a Canadian junior mining company focused on the acquisition, exploration, and development of precious metal properties in Sonora, Mexico, holding a 100% interest in the EP Gold Project and a 49% joint venture interest in the Pilar Gold & Silver Project [7][8] Strategic Positioning - The EP Gold Project is strategically located within and adjacent to the extensive concession holdings of Fresnillo plc, the world's largest primary silver producer and Mexico's leading gold producer, highlighting the geological significance of the region [2][5] Regional Mining Environment - The Caborca Gold Belt is recognized for its robust mineral endowment and has a long history of gold and silver production, supported by well-developed infrastructure and active exploration projects from major companies like Fresnillo plc, Southern Copper Corporation, and Alamos Gold Inc. [4][5] Management Commentary - The commencement of drilling is viewed as a significant catalyst for the company, with management expressing confidence in advancing the EP Gold Project and appreciating the support from shareholders and community partners [6]

Core Viewpoint - Falco Resources Ltd. is initiating a major exploration initiative in the Noranda Mining Camp, utilizing an Airborne Gravity Gradiometry survey to identify new Volcanogenic Massive Sulfide deposits, marking a significant opportunity for new discoveries in the region [1][2]. Group 1: Exploration Initiative - The exploration initiative will commence with an Airborne Gravity Gradiometry survey over the next month, which is the first of its kind in the region [1]. - The survey will cover 280 square kilometers, including 13 former mining sites, and aims to identify new near-surface VMS type deposits [2][4]. - The survey will be conducted by Xcalibur MPH (Canada) Ltd. using their advanced Falcon system, providing high-resolution mapping with a 100-meter line spacing [2]. Group 2: Historical Context and Potential - Falco is the largest claim holder in the Noranda Camp, which has historically produced over 19.0 million ounces of gold equivalent [1]. - The combination of modern exploration technology and extensive historical data compilation presents a compelling opportunity to discover more VMS type deposits around the Horne 5 Project Complex [2][4]. - The majority of the rhyolitic units in the area remain untested, indicating significant potential for new discoveries [4]. Group 3: Survey Results and Future Plans - Results from the survey are expected to be analyzed in December 2025, which will complement existing geological data and help define priority exploration targets [5]. - The integration of high-precision topographic data from a government-managed LIDAR survey will assist in understanding the structural controls of high-grade mineralization [5]. Group 4: Company Overview - Falco holds rights to approximately 63,000 hectares in the Noranda Camp, representing 63% of the camp, and includes 13 former mining sites for gold and base metals [9]. - The main asset of the company is the Horne 5 project, located beneath the former Horne mine, which produced 11.6 million ounces of gold and 2.5 billion pounds of copper from 1927 to 1976 [9]. - Osisko Development Corp. is the largest shareholder of Falco, holding approximately 16% of the corporation [9].

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 - Osisko Development Corp. has increased its previously announced "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [2][3]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, aiming for aggregate gross proceeds of C$49,999,980 [3]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, generating gross proceeds of C$10,000,238 [3]. - The total net proceeds from both offerings are expected to be approximately C$30 million, which will be allocated to the Cariboo Gold Project and related pre-construction activities [4]. Offering Structure - The LIFE Offering includes National Flow-Through Shares and British Columbia Flow-Through Shares, with gross proceeds of C$20,003,100 and C$10,006,920 respectively [8]. - The Common Shares will also be offered at a price of C$4.78, contributing gross proceeds of C$19,989,960 [8]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is anticipated on or about October 29, 2025, subject to regulatory approvals [6]. Company Overview - Osisko Development Corp. focuses on gold development in North America, particularly in mining-friendly jurisdictions, with the goal of becoming an intermediate gold producer [13]. - The company is advancing its flagship Cariboo Gold Project and has additional projects in Utah and Mexico, emphasizing long-life and environmentally responsible mining assets [13].

Core Viewpoint - Osisko Development (ODV), a Canadian gold developer, experienced a 7.3% decline in its stock price following the announcement of a CAD 30 million underwriting agreement aimed at financing exploration expenditures in Canada [1] Group 1 - Osisko Development signed a CAD 30 million underwriting agreement [1] - The financing is intended to support exploration expenditures in Canada [1] - The stock price of Osisko Development fell by 7.3% in early trading on Thursday [1]