Core Viewpoint - Osisko Development Corp. successfully closed a private placement of 99,065,330 units at a price of US$2.05 per unit, raising approximately US$203 million to fund the Cariboo Gold Project and for general corporate purposes [1][5]. Offering Details - The offering consists of a brokered private placement of 58,560,000 units for approximately US$120 million and a non-brokered private placement of 40,505,330 units for approximately US$83 million [2]. - Double Zero Capital LP subscribed for approximately US$75 million in the non-brokered offering, representing about 15.4% of the issued and outstanding common shares post-offering [2]. Management Commentary - The Chairman and CEO expressed satisfaction with the offering's completion and highlighted it as a strong endorsement of the Cariboo Gold Project, following a previous US$450 million project financing [3]. Use of Proceeds - The net proceeds from the offering will be used to fund the equity portion of the capital required for the Cariboo Gold Project and for general corporate purposes [5]. Underwriters and Fees - The brokered offering was led by BMO Capital Markets and RBC Capital Markets, with a cash commission of 4.5% paid to the underwriters [6]. Insider Participation - Certain insiders subscribed for 628,000 units, generating gross proceeds of US$1,287,400, which is considered a related party transaction [9]. Double Zero's Investment - Double Zero acquired 36,600,000 common shares and 18,300,000 warrants, representing approximately 16.0% of the issued common shares on a non-diluted basis [10]. - An investor rights agreement was established, granting Double Zero the right to nominate one director and other customary rights [13].

Core Viewpoint - Osisko Development Corp. has secured a US$450 million senior secured project loan credit facility from Appian Capital Advisory Limited to advance the Cariboo Gold Project in British Columbia, Canada [2][4]. Financing Details - The credit facility consists of two tranches, with an initial draw of US$100 million completed to support pre-construction activities, including a 13,000-meter infill drill campaign and repayment of an existing US$25 million term loan [3][6]. - Subsequent draws totaling US$350 million will be available based on the achievement of certain project milestones and conditions [6][7]. - The facility enhances financial flexibility and is structured to support the project's development timeline [3][4]. Project Overview - The Cariboo Gold Project is a 100%-owned asset by Osisko Development, located in a stable jurisdiction with significant mineral potential [4][10]. - The project aims to advance towards a formal investment decision and construction readiness, with a focus on becoming a major Canadian gold producer [4][13]. Strategic Partnership - Appian Capital's involvement as a cornerstone investor is seen as a strong endorsement of the Cariboo Gold Project, reflecting confidence in the management team and the project's potential [4][10]. - Appian's investment strategy aligns with the project's characteristics, including its robust mineral base and experienced management [4][10]. Credit Facility Terms - The credit facility matures on July 21, 2033, with interest rates tied to the 3-month Secured Overnight Financing Rate (SOFR) plus a margin [12]. - The facility includes provisions for repayment of existing debt and funding for ongoing project activities [12][6]. - Osisko Development will grant Appian 5,625,031 non-transferable common share purchase warrants as part of the agreement [12].

Core Viewpoint - Osisko Development Corp. has filed a new technical report for its Cariboo Gold Project, highlighting the results of the 2025 feasibility study, which indicates significant economic potential for the project [1][3]. Group 1: Technical Report Details - The technical report is titled "NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project" and is dated June 11, 2025, with an effective date of April 25, 2025 [2]. - The report was prepared by independent consultants from BBA Engineering Ltd. and supported by various other independent engineering firms, all of whom are qualified persons under NI 43-101 [2]. - The new technical report supersedes a previous report dated January 12, 2023, which is no longer reliable [4]. Group 2: Economic Highlights - The feasibility study indicates an after-tax NPV5% of C$943 million and an internal rate of return (IRR) of 22.1% at a base case gold price of US$2,400 per ounce [3]. - At a spot gold price of US$3,300 per ounce, the after-tax NPV5% increases to C$2.1 billion with an IRR of 38.0% [3]. Group 3: Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, with the Cariboo Gold Project being its flagship asset [6]. - The company aims to become an intermediate gold producer and has additional projects in Utah and Mexico, which have significant exploration potential [6].

Core Points - Osisko Development Corp. held its annual and special meeting of shareholders on May 7, 2025, with 80,489,188 common shares voted, representing approximately 58.9% of total issued shares [1] Group 1: Election of Directors - All nominated directors were elected to the board for the upcoming year, with Sean Roosen receiving 97.78% of votes for, and Charles E. Page receiving 97.99% [2] Group 2: Appointment of Auditor - PricewaterhouseCoopers LLP was re-appointed as the independent auditor with 82.27% of votes for, while 17.73% of votes were withheld [3] Group 3: Approval of the Omnibus Plan - The Omnibus equity incentive plan was approved with 86.51% of votes for, while 13.49% voted against it; existing stock option and restricted share unit plans were not voted on as the Omnibus Plan supersedes them [4] Group 4: Company Overview - Osisko Development Corp. is focused on gold development in North America, aiming to become an intermediate gold producer through its Cariboo Gold Project in British Columbia, Canada, and other projects in Utah and Mexico [5][6]