{"id":23318,"date":"2025-12-17T01:45:51","date_gmt":"2025-12-17T01:45:51","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/12\/17\/osisko-metals-announces-closing-of-32-5-million-private-placement-with-strategic-investors\/"},"modified":"2025-12-17T01:45:51","modified_gmt":"2025-12-17T01:45:51","slug":"osisko-metals-announces-closing-of-32-5-million-private-placement-with-strategic-investors","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/12\/17\/osisko-metals-announces-closing-of-32-5-million-private-placement-with-strategic-investors\/","title":{"rendered":"Osisko Metals Announces Closing of $32.5 Million Private Placement With Strategic Investors"},"content":{"rendered":"<\/p>\n
\n

NOT <\/em> <\/strong> FOR <\/em> <\/strong> DISTRIBUTION <\/em> <\/strong> TO <\/em> <\/strong> UNITED <\/em> <\/strong> STATES <\/em> <\/strong> NEWS <\/em> <\/strong> WIRE <\/em> <\/strong> SERVICES OR FOR DISSEMINATION IN THE UNITED STATES <\/em> <\/strong> <\/p>\n

Osisko Metals Incorporated (the \u2018 Company \u2018 or \u2018 Osisko Metals \u2018) (TSX: OM,OTC:OMZNF; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has completed its previously announced non-brokered private placement with four strategic investors, pursuant to which the Company issued an aggregate of 67,666,666 common shares of the Company (the \u2018 Common Shares \u2018) at an offering price of $0.48 per Common Share for aggregate gross proceeds to the Company of approximately $32,480,000 (the \u2018 Private Placement \u2018).<\/p>\n

The Private Placement included subscriptions from the following strategic investors: <\/p>\n

Hudbay Minerals Inc. : 29,166,666 Common Shares for gross proceeds of $14,000,000;
\n Agnico Eagle Mines Limited : 26,000,000 Common Shares for gross proceeds of $12,480,000;
\n Franco-Nevada Corporation : 4,166,667 Common Shares for gross proceeds of\u00a0$2,000,000; and
\n Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (La Caisse) : 8,333,333 Common Shares for gross proceeds of $4,000,000.<\/p>\n

After giving effect to the Private Placement: (i) Hudbay Minerals Inc. (\u2018 Hudbay <\/strong> \u2018) beneficially owns or controls 29,166,666 Common Shares, representing approximately 4.3% of the issued and outstanding Common Shares, calculated on a non-diluted basis; and (ii) Agnico Eagle Mines Limited (\u2018 Agnico <\/strong> \u2018) beneficially owns or controls 67,210,000 Common Shares and 20,605,000 Common Share purchase warrants, representing an ownership interest in the Company equal to approximately 9.85% on a non-diluted basis and 12.49% on a partially-diluted basis. <\/p>\n

Concurrently with the closing of the Private Placement, the Company and Hudbay entered into an investor rights agreement, pursuant to which Hudbay was granted certain rights, including top-up rights and the right to participate in future offerings of securities of the Company upon Hudbay\u2019s ownership interest increasing to 9.9% and, subject to certain minimum ownership thresholds and other conditions, the right to board representation. In addition, the Company and Agnico also amended and restated the terms of their existing investor rights agreement dated December 11, 2024, to, among other things, permit Agnico to increase its ownership interest in the Company to approximately 12.49%. <\/p>\n

The net proceeds of the Private Placement are expected to be used to advance the Company\u2019s Gasp\u00e9 Copper project (including drilling, permitting and technical studies) and for general corporate purposes. <\/p>\n

The Private Placement remains subject to the final approval of the Toronto Stock Exchange (the \u2018 TSX <\/strong> \u2018). All Common Shares issued under the Private Placement are subject to a statutory hold period expiring four months and one day from the date of issuance. <\/p>\n

This <\/em> news <\/em> release <\/em> does <\/em> not <\/em> constitute <\/em> an <\/em> offer <\/em> to <\/em> sell <\/em> or <\/em> a <\/em> solicitation <\/em> of <\/em> an <\/em> offer <\/em> to <\/em> buy <\/em> any <\/em> of <\/em> the securities <\/em> in <\/em> the <\/em> United <\/em> States. <\/em> The <\/em> securities <\/em> have <\/em> not <\/em> been <\/em> and <\/em> will <\/em> not <\/em> be <\/em> registered <\/em> under <\/em> the <\/em> U.S. <\/em> Securities <\/em> Act, <\/em> or <\/em> any <\/em> state <\/em> securities <\/em> laws <\/em> and <\/em> may <\/em> not <\/em> be <\/em> offered <\/em> or <\/em> sold <\/em> within <\/em> the <\/em> United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. <\/em> <\/p>\n

About <\/strong> Osisko <\/strong> Metals <\/strong> <\/p>\n

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in its flagship project, the past-producing Gasp\u00e9 Copper mine, from Glencore Canada Corporation in July 2023. The Gasp\u00e9 Copper project is located near Murdochville in Qu\u00e9bec\u2019s Gasp\u00e9 Peninsula. The Company is currently focused on resource expansion of the Gasp\u00e9 Copper system, with current Indicated <\/strong> Mineral <\/strong> Resources <\/strong> of <\/strong> 824 <\/strong> Mt <\/strong> grading <\/strong> 0.34% <\/strong> CuEq <\/strong> and <\/strong> Inferred Mineral Resources of 670 Mt grading 0.38% CuEq <\/strong> (in compliance with NI 43-101). For more information, see Osisko Metals\u2019 November 14, 2024 news release entitled \u2018 Osisko Metals Announces <\/em> Significant <\/em> Increase <\/em> in <\/em> Mineral <\/em> Resource <\/em> at <\/em> Gasp\u00e9 <\/em> Copper <\/em> \u2018. Gasp\u00e9 Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Qu\u00e9bec. <\/p>\n

In addition to the Gasp\u00e9 Copper project, the Company is working with Appian Capital Advisory LLP, through the Pine Point Mining Limited <\/em> joint venture, to advance one of Canada\u2019s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq <\/strong> (in compliance with NI 43-101). For more information, see Osisko Metals\u2019 June 25, 2024 news release entitled \u2018Osisko <\/em> Metals <\/em> releases <\/em> Pine <\/em> Point <\/em> mineral <\/em> resource <\/em> estimate: <\/em> 49.5 <\/em> million tonnes of indicated resources at 5.52% ZnEq\u2019 <\/em> . The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. <\/p>\n

For further information on this news release, visit www.osiskometals.com or contact: <\/p>\n

Don Njegovan, President
Email: info@osiskometals.com
Phone:(416) 500-4129 <\/p>\n

Cautionary <\/strong> Statement <\/strong> on <\/strong> Forward-Looking <\/strong> Information <\/strong> <\/p>\n

This news release contains \u2018forward-looking information\u2019 within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves <\/em> predictions, <\/em> expectations, <\/em> interpretations, <\/em> beliefs, <\/em> plans <\/em> projections, <\/em> objectives, <\/em> assumptions, <\/em> future <\/em> events <\/em> or performance <\/em> (often, <\/em> but <\/em> not <\/em> always, <\/em> using <\/em> phrases <\/em> such <\/em> as <\/em> \u2018expects\u2019 <\/em> or <\/em> \u2018does <\/em> not <\/em> expect\u2019, <\/em> \u2018is <\/em> expected\u2019, <\/em> \u2018interpreted\u2019, \u2018management\u2019s view\u2019, \u2018anticipates\u2019 or \u2018does not anticipate\u2019, \u2018plans\u2019, \u2018budget\u2019, \u2018scheduled\u2019, \u2018forecasts\u2019, \u2018estimates\u2019, \u2018potential\u2019, \u2018feasibility\u2019, \u2018believes\u2019 or \u2018intends\u2019 or variations of such words and phrases or stating that certain actions, events or results \u2018may\u2019 or \u2018could\u2019, \u2018would\u2019, \u2018might\u2019 or \u2018will\u2019 be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the ability for the Company to obtain the final <\/em> approval <\/em> of <\/em> the <\/em> TSX; <\/em> the <\/em> anticipated <\/em> use <\/em> of <\/em> proceeds <\/em> of <\/em> the <\/em> Private <\/em> Placement; <\/em> the <\/em> ability <\/em> for <\/em> the <\/em> Company <\/em> to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gasp\u00e9 Copper system; and Gasp\u00e9 Copper hosting the largest undeveloped copper resource in eastern North America. <\/em> <\/p>\n

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management\u2019s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately <\/em> predict <\/em> mineralization; <\/em> errors <\/em> in <\/em> geological <\/em> modelling; <\/em> insufficient <\/em> data; <\/em> equity <\/em> and <\/em> debt <\/em> capital <\/em> markets; <\/em> future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; <\/em> licenses <\/em> and <\/em> permits <\/em> being <\/em> received <\/em> on <\/em> favourable <\/em> terms; <\/em> sustained <\/em> labour <\/em> stability; <\/em> stability <\/em> in <\/em> financial <\/em> and capital <\/em> markets; <\/em> and <\/em> availability <\/em> of <\/em> mining <\/em> equipment <\/em> and <\/em> positive <\/em> relations <\/em> with <\/em> local <\/em> communities <\/em> and <\/em> groups. <\/em> Forward- looking <\/em> information <\/em> involves <\/em> risks, <\/em> uncertainties <\/em> and <\/em> other <\/em> factors <\/em> that <\/em> could <\/em> cause <\/em> actual <\/em> events, <\/em> results, <\/em> performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company\u2019s <\/em> public <\/em> disclosure <\/em> record <\/em> on <\/em> SEDAR+ <\/em> ( <\/em> www.sedarplus.ca ) <\/em> under <\/em> Osisko <\/em> Metals\u2019 <\/em> issuer <\/em> profile. <\/em> Although <\/em> the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release <\/em> are <\/em> reasonable, <\/em> undue <\/em> reliance <\/em> should <\/em> not <\/em> be <\/em> placed <\/em> on <\/em> such <\/em> information, <\/em> which <\/em> only applies <\/em> as <\/em> of <\/em> the <\/em> date <\/em> of this <\/em> news <\/em> release, <\/em> and <\/em> no <\/em> assurance <\/em> can <\/em> be <\/em> given <\/em> that <\/em> such <\/em> events <\/em> will <\/em> occur <\/em> in <\/em> the <\/em> disclosed <\/em> time <\/em> frames <\/em> or <\/em> at <\/em> all. <\/em> The Company <\/em> disclaims <\/em> any <\/em> intention <\/em> or <\/em> obligation <\/em> to <\/em> update <\/em> or <\/em> revise <\/em> any <\/em> forward-looking <\/em> information, <\/em> whether <\/em> as <\/em> a <\/em> result of new information, future events or otherwise, other than as required by law. <\/em> <\/p>\n<\/p>\n<\/p>\n<\/div>\n

News Provided by GlobeNewswire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Osisko Metals Incorporated (the \u2018 Company \u2018 or \u2018 Osisko Metals \u2018) (TSX: OM,OTC:OMZNF; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has completed its previously announced non-brokered private placement with four strategic investors, pursuant to which […]<\/p>\n","protected":false},"author":0,"featured_media":23319,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-23318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/23318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=23318"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/23318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/23319"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=23318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=23318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=23318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}