Osisko Metals Inc. is pleased to announce initial drilling results from the 2025 drilling program at the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Results for five holes are reported below, collared at the southern margin of the mineralized deposit as defined in the 2024 Mineral Resource Estimate . Highlights : Drill hole 30-1059 intersected 300.0 metres grading 0.39% Cu and 3.17 g/t Ag [...]
Osisko Metals Inc. is pleased to announce that the 2025 drill program is underway at its 100%-owned Gaspé Copper project, located next to the town of Murdochville in the Gaspé Peninsula, eastern Québec. 2025 Drill Program The 2025 drill program, now slated at 110,000 metres, is designed to 1) convert existing inferred resources into the indicated or measured resource categories; 2) test potential expansion of the current [...]
Osisko Metals announces that that it has granted an aggregate 12,500,000 restricted share units of the Company to certain executive directors and officers of the Company, and an aggregate of 1,750,000 deferred share units of the Company to certain independent directors of the Company. All RSUs are scheduled to vest on the third anniversary of the date of grant and all DSUs are scheduled to vest upon the applicable [...]
Osisko Metals is pleased to welcome the participation of the Government of Quebec in its Gaspé Copper Project, on the traditional territory of the Mi'gmaq First Nation of Gespe'gewa'gi. The Government of Quebec will lead a pilot project to create a committee that seeks to maximize the economic benefits of the Gaspé Copper Project. The committee will be overseen by the Ministère des Ressources naturelles et des Forêts and [...]
Osisko Metals announces, further to its news release dated Nov 18, 2024, the following changes to Osisko Metals' leadership team: Management Changes The Company is pleased to announce the implementation of the following key management additions: John F. Burzynski has been appointed as a Director and Executive Chairman Don Njegovan has been appointed as President Blair Zaritsky has been appointed as Chief Financial Officer [...]
Osisko Metals is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering for aggregate gross proceeds of C$107.4 million, including the partial exercise the option granted to the Underwriters . In connection with the Offering, the Company issued an aggregate of 70,326,229 flow-through units of the Company consisting of 64,215,117 FT Units at an issue price of [...]
Osisko Metals is pleased to announce the acquisition of a group of 199 claims adjacent to its Gaspé Copper Project. Pursuant to a sales agreement dated October 8, 2024 with the two private holders of the interest in the Claims, Osisko Metals acquired a 100% interest in the Claims in exchange for the issuance of 5,000,000 common shares of its capital stock and the grant of a 2% net smelter return royalty, half of which is [...]
Osisko Metals Inc. is pleased to announce the expansion of its leadership team along with a C$100 million bought deal financing as the Company accelerates its strategy of creating a leading critical metals company in North America. John Burzynski will be appointed to the board of directors of the Company as Executive Chairman and will lead the Company along with Robert Wares, who will continue as Chief Executive Officer [...]
Osisko Metals Inc. is pleased to announce an updated Mineral Resource Estimate for the Gaspé Copper Project, located near Murdochville in the Gaspé Peninsula of Quebec. The updated MRE includes pit-constrained resources comprising 824 million tonnes grading 0.34% CuEq of Indicated category and 670 million tonnes grading 0.38% CuEq of Inferred category. This MRE represents a 53% increase in copper-equivalent metal content [...]
Osisko Metals Inc. is pleased to announce that Pine Point Mining Ltd. and the Town of Hay River have signed a Memorandum of Understanding stating their intentions to work together to seize opportunities for long term sustainable growth for Hay River through the development and operations of Pine Point Mining Project . "Pine Point Mining Ltd. is committed to fostering positive and constructive relationships with [...]
Osisko Metals Inc. is pleased to announce that the Pine Point Mining Ltd. Feasibility Study is now fully underway, with an expected completion date in Q2 2025. Since early 2023, PPML has engaged with its key technical and strategic advisors to optimize the 2022 Preliminary Economic Assessment Update . The objective was to complete Definition Studies to compare key concepts, otherwise known as trade-off studies, typically [...]
Osisko Metals Inc. is pleased to provide an update on the activities being carried out this summer as part of the development of the Gaspé Copper project. Mr. Robert Wares, President and CEO of Osisko Metals, commented: "Since the beginning of the summer, significant work has been completed marking key advances in our efforts to eventually re-open the mine. Our 2024 drilling program is progressing well, as is surface [...]