Osisko Development Corp Secures US$195 Million Financing

In a significant move to bolster its operations, Osisko Development Corp., a prominent gold development company in North America, has announced a substantial financing deal. On July 31, 2025, the company revealed that it has successfully entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets. This strategic financing arrangement will inject US$195 million into the company, marking a pivotal moment for Osisko Development as it continues to advance its key projects.

Osisko Development Corp., primarily listed on the TSX Venture Exchange, operates within the materials sector, focusing on the development of gold projects. The company is at the forefront of the Cariboo Gold Project, along with other significant properties in Canada and Mexico. This financing is expected to play a crucial role in accelerating the development of these projects, enhancing the company’s growth trajectory.

As of July 29, 2025, Osisko Development’s close price stood at CAD 3.01, with a market capitalization of approximately CAD 451.41 million. Despite a challenging year, with a 52-week low of CAD 1.64 recorded on February 26, 2025, and a high of CAD 3.78 on October 21, 2024, the company has shown resilience. The recent financing deal is a testament to the confidence investors have in Osisko Development’s strategic direction and its potential for future growth.

The financing agreement, while not intended for distribution to U.S. news wire services or dissemination in the United States, underscores the company’s commitment to expanding its operations and solidifying its position in the gold development sector. With the backing of leading financial institutions like BMO Capital Markets and RBC Capital Markets, Osisko Development is well-positioned to navigate the complexities of the market and capitalize on emerging opportunities.

This development is a significant milestone for Osisko Development Corp., as it continues to push forward with its ambitious projects. The infusion of capital will not only support the ongoing development of the Cariboo Gold Project but also enhance the company’s ability to explore and develop additional properties across North America. As the company moves forward, stakeholders and industry observers will be keenly watching how this financing will translate into tangible growth and success in the coming years.