Osisko Metals is pleased to announce that it has entered into an amending agreement with Eight Capital on behalf of a syndicate of underwriters who, as lead underwriter, has now agreed to purchase, on a "bought deal" private placement basis: No less than 16,296,500 flow-through units of the Corporation at a price of $0.54 per FT Unit, for gross proceeds of no less than $8.8 million, with each FT Unit comprised of (i) one [...]
Osisko Metals is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Eight Capital who, as lead underwriter has agreed to purchase, on a bought deal private placement basis: No less than 14,815,000 flow-through units of the Corporation at a price of $0.54 per FT Unit, for gross proceeds of approximately $8 million, with each FT Unit comprised of (i) one common share of the [...]
Osisko Metals Inc. is pleased to announce an initial Inferred Mineral Resource Estimate at Mount Copper as part of the Gasp? Copper Project, located near Murdochville in the Gasp? Peninsula of Quebec. This resource is pit-constrained to mineralization surrounding the past-producing Mount Copper open pit mine and uses a base case of US$3.80/lb copper and a lower cut-off grade of 0.16% sulfide copper. It was estimated using [...]
Osisko Metals Inc. is pleased to announce that drilling at Gasp? Copper will begin this week. The drill program will focus on re-evaluation of copper mineralization near the past-producing Mount Copper open pit, with Phase 1 primarily designed to evaluate extent of near-surface oxide mineralization, and a subsequent Phase 2 program for infill drilling in order to update the currently modelled in-pit resource. The company [...]
Osisko Metals Inc. is pleased to announce that, as set out in the bulletin of the TSX-Venture Exchange issued yesterday afternoon, its common shares will resume trading on Friday, April 1, 2022. The trading halt was imposed by the TSX-V, subsequent to the announcement that Osisko Metals had signed a binding term sheet with Glencore Canada Corporation , providing Osisko Metals with an option to acquire a 100% interest in [...]
Osisko Metals Inc. is pleased to announce that it signed, on March 25 2022, a binding term sheet with Glencore Canada Corporation , providing Osisko Metals with an option to acquire a 100% interest in the past-producing Gasp? Copper Mine located near Murdochville, Qu?bec for an up-front payment of US$25 million, to be paid by Osisko Metals by way of a convertible note issued to Glencore upon the successful closing of the [...]
Osisko Metals Inc. is pleased to announce further results from the definition drilling program at its Pine Point Project, located in the Northwest Territories, Canada. This program is designed to achieve an average drill spacing of approximately 30 metres and is required to upgrade deposits currently classified as Inferred Mineral Resources to the Indicated Mineral Resource category so that they can be included in a [...]
Osisko Metals Inc. is pleased to announce that it has entered into a binding letter agreement with Osisko Gold Royalties Ltd. , pursuant to which Osisko Royalties will be granted a further 1.0% net smelter returns royalty on the Pine Point Project in exchange for cash consideration of $6.5 million , subject to the satisfaction of the closing conditions relating thereto, including the approval of the TSX Venture Exchange [...]
Osisko Metals Inc. announces that its Board of Directors approved the grant of incentive stock options to certain directors, officers, key employees and key consultants to purchase up to an aggregate of 685,000 common shares in the capital stock of the Company. Grants are subject to a three-year vesting period and a five-year term at an exercise price of $0.37 per share. About Osisko Metals [...]
Osisko Metals Inc. is pleased to announce further results from the ongoing in-fill drill program at its Pine Point Project, located in the NWT, Canada. Reported results are from the N39 deposit in the East Mill Zone , which is located within 2 kilometers from the proposed concentrator location. Mineralization is located at shallow depths above the water table between 20 and 35 metres vertical depth, where there will be [...]
Osisko Metals Inc. is pleased to provide an overview of its 2022 development objectives for the Pine Point Project located near Hay River in the NWT, Canada. The winter drilling program is ongoing at site, and assay results for 2021 are pending. Completing the 3D Hydrogeological Model: Following the release of preliminary results of the 3D Hydrogeological Model , Osisko Metals will complete and release the results from [...]
Osisko Metals Inc. is pleased to announce that it has closed its previously-announced private placement, pursuant to which the Corporation sold an aggregate of 10,432,783 common shares of the Corporation that will qualify as "flow-through shares" of the Income Tax Act at a price of C$0.48 per Flow-Through Share for aggregate gross proceeds of C$5,007,735.84. The brokered portion of the Offering was led by Haywood [...]
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