Osisko Metals Inc. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. in connection with a "best efforts" private placement of up to 10,417,000 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 gross proceeds of up to C$5,000,160. In addition, Haywood has been granted an option to sell [...]
Osisko Metals Inc. is pleased to announce that the United States now considers zinc as critical minerals. The US Geological Survey , in a recent report, is proposing both metals be included in the redrafted critical minerals list, as a result of re-evaluation of global supply-chain security. This was drafted as zinc inventories decline and spot prices rise in a context where the US and several other nations, including the [...]
Osisko Metals Inc. is pleased to announce further results from the current in-fill drill program at its Pine Point Project, located in the NWT. The results reported herein are from the L65 Tabular deposit in the Central Zone and form a part of the C1 Cluster area that has recently demonstrated improved hydrogeological modelling and substantially reduced dewatering requirements . Highlights: Drill hole L65-21-PP-009 [...]
Osisko Metals Inc. is pleased to support recently announced infrastructure initiatives, both in the United States and globally. The bipartisan milestone event in the United States is replicated across other nations, including the European Union which announced major infrastructure investments earlier this summer. Zinc is an integral component of infrastructure spending through galvanization of steel parts, which accounts [...]
Osisko Metals Inc. is pleased to provide positive results from the ongoing hydrogeological modelling and its application to dewatering costs at the Pine Point Project, located in the NWT, Canada. A new 3D hydrogeological model was created and has yielded significant reductions in the estimated water inflow rates into the proposed open pit and shallow underground mines, relative to the estimates in the July 2020 PEA study [...]
Osisko Metals Inc. is pleased to announce initial results from the current in-fill and hydrogeological drill program at its Pine Point Project, located in the NWT. Results are from the Z60 deposit in the North Trend . Mineralization surpassed expectations with development of local prismatic-style mineralization in drill hole Z60-21-PP-001 and -006. The higher-grade prismatic-style intercepts and neighboring tabular [...]
Osisko Metals Inc. is pleased to announce the results of its annual meeting of shareholders held on September 1, 2021. A total of 81,365,134 common shares of the Company were represented at the Meeting, representing 42.53% of the total number of common shares of the Company issued and outstanding. All matters presented for approval at the Meeting were duly authorized and approved, as follows: fixing the number of [...]
Osisko Metals Inc. is pleased to announce that it has launched a Scope 1 level estimation of Greenhouse Gas emissions from the conceptual design that was included in the July 2020 Preliminary Economic Assessment , for its wholly- owned Pine Point Project in the Northwest Territories . Concurrent to this analysis, Osisko Metals will conduct trade-off studies evaluating the potential for energy efficiency, alternative [...]
Osisko Metals Inc. is pleased to announce the start of a 13,000 metres summer-fall drill program at its Pine Point Project, located in the NWT. This drill program will mainly comprise of continued infill drilling designed to support the conversion of current Inferred Mineral Resources to the Indicated category. A number of these holes will be multipurpose and will include hydrogeological characterization of water flow in [...]
Osisko Metals Inc. is pleased to provide initial results of the winter hydrogeological program at its Pine Point Project, located in the NWT. Highlights: New hydrogeological testing at Pine Point indicates a significant and positive change to the Company's understanding of ground water flow conditions with potential to significantly reduce costs related to future dewatering. The underground water flow appears to be [...]
MONTR?AL, May 18, 2021 -- Osisko Metals Inc. is pleased to announce the final results from the winter drilling program at its Pine Point Project, located in the NWT. The shallow mineralization reported herein is from two multi-purpose drill holes used for in-fill drilling and ongoing hydrogeological investigations. These holes are located within the R67 deposit in the South Trend and the periphery of the W85 Prismatic [...]
Osisko Metals Inc. is pleased to announce that it has closed its previously-announced brokered private placement, pursuant to which the Corporation sold an aggregate of 12,000,000 common shares of the Corporation that will qualify as "flow-through shares" of the Income Tax Act at a price of C$0.50 per Flow-Through Share for aggregate gross proceeds of C$6,000,000, including the exercise in full of the agent's option . The [...]