Osisko Metals Inc. is pleased to announce that the 2023 drilling program at the Gaspé Copper Project is underway. The 8,000 to 10,000-metre program will focus on continued infill drilling of the Inferred Mineral Resource of the Mount Copper open pit deposit , and will also begin evaluation of remaining higher-grade skarn mineralization of the underground E Zone . The company anticipates issuing an updated, NI43-101 [...]
Osisko Metals Inc. is pleased to announce that, further to its news release dated July 11, 2022 , it has completed the acquisition of a 100% interest in the past-producing Gaspé Copper Mine pursuant to a purchase agreement dated July 8, 2022 between the Company and Glencore Canada Corporation, a wholly-owned subsidiary of Glencore plc . Robert Wares, Chairman & CEO of Osisko Metals, commented: "The acquisition of the [...]
Osisko Metals Inc. is pleased to announce that it has closed its previously-announced "best efforts" private placement offering, pursuant to which Osisko Metals issued an aggregate of 8,750,0000 common shares of the Company that will qualify as "flow-through shares" within the meaning of the Income Tax Act and the Taxation Act at a price of $0.40 per FT Share for aggregate gross proceeds to the Company of $3,500,000 [...]
Osisko Metals Inc. is pleased to announce the terms of a proposed "best efforts" private placement offering of up to 7,500,000 common shares of the Company that will qualify as "flow-through shares" within the meaning of the Income Tax Act and the Taxation Act at a price of $0.40 per FT Share for gross proceeds to the Company of up to $3,000,000 ) . The Offering will be completed pursuant to the terms of an agency [...]
Osisko Metals Inc. wishes to announce, as per regulatory compliance, the following updates: Shares for Services Agreement Subject to the approval of the TSX Venture Exchange, the Company has agreed to issue an aggregate of 2,000,000 common shares at a deemed issue price of $0.3125 per common share in satisfaction of an aggregate of $625,000 in obligations due to Maxit Capital LP, who acted as the financial advisor to the [...]
MONTRÉAL, April 06, 2023 -- Osisko Metals Inc. is pleased to announce the successful closing of its previously-announced joint venture transaction with a subsidiary of Appian Natural Resources Fund III LP , which resulted in the formation of a joint venture for the advancement of Osisko Metals' Pine Point Project . Robert Wares, Chairman & CEO of Osisko Metals, commented: "We are delighted to have successfully closed this [...]
Osisko Metals Inc. is pleased to announce the final drilling results from the 2022 program at the Gaspé Copper Project, located in the Gaspé Peninsula of Quebec. Five of the six holes reported below were collared along the periphery of the historical Mount Copper open pit, including one low-angle directional drill hole oriented to crosscut the higher-grade mineralization located below the bottom of the existing open pit [...]
Osisko Metals Inc. is pleased to announce that it expects to close its previously-announced transaction with a subsidiary of Appian Natural Resources Fund III LP in late March or early April 2023, which will result in the formation of a joint venture for the advancement of Osisko Metals' Pine Point Project . To that end, the Company is pleased to announce that it has received the requisite shareholder and stock exchange [...]
Osisko Metals Inc. is pleased to announce that it has entered into an investment agreement dated February 21, 2023 with a subsidiary of Appian Natural Resources Fund III LP , a fund advised by Appian Capital Advisory LLP, a London-based private equity group specializing in the acquisition and development of mining assets, pursuant to which Osisko Metals and Appian have agreed to form a joint venture for the advancement of [...]
Osisko Metals Inc. is pleased to announce additional drilling results from the Gaspé Copper Project, located in the Gaspé Peninsula of Quebec. Twelve of the eighteen holes being reported were collared on the periphery of the existing Mount Copper open pit and utilized controlled directional drilling techniques, including one long drill hole that was flattened at shallow dips to crosscut the higher-grade mineralization [...]
Osisko Metals Inc. is pleased to announce additional drilling results from the Gaspé Copper Project, located in the Gaspé Peninsula of Quebec. Twelve of the eighteen holes being reported were collared on the periphery of the existing Mount Copper open pit and utilized controlled directional drilling techniques, including one long drill hole that was flattened at shallow dips to crosscut the higher-grade mineralization [...]
Osisko Metals Inc. is pleased to announce all remaining results from the 2022 definition drilling program at its Pine Point Project, located in the Northwest Territories, Canada. This ongoing drill program is designed to achieve an average drill spacing of approximately 30 metres within the modelled mineral resources. This spacing is intended to upgrade resources presently classified as Inferred to the Indicated category [...]