Osisko Development Corp. Completes Fourth Deferred Payment on Tintic Acquisition

Osisko Development Corp. (OTC: ODV, TSX: ODV) announced today that it will fulfill the fourth of five deferred payments associated with its 2022 acquisition of a 100 % interest in the Tintic gold‑mining project in Utah, United States. The transaction, which closed in May 2022, was a cornerstone of the company’s strategy to expand its North American footprint and bolster its portfolio of high‑grade gold assets.

Context of the Deferred Payment Schedule

The deferred payment plan was structured to align the financial outlay with the progressive development milestones of the Tintic property. By meeting each installment on schedule, Osisko demonstrates both fiscal discipline and confidence in the project’s commercial viability. The fourth payment, due at the end of May 2026, is a key step toward the full integration of Tintic into the company’s operational framework.

Financial Implications

While the company’s most recent close price (CAD 3.86 on 2026‑05‑28) remains well below its 52‑week high of CAD 6.63, the successful completion of this installment signals a strengthening of cash flow and an advancing timeline toward production. Osisko’s market capitalization of approximately CAD 1.17 billion underscores the scale of its developmental activities. The negative price‑earnings ratio of –8.7 reflects the capital‑intensive nature of exploration and development, a common characteristic among mid‑stage mining developers.

Strategic Outlook

With the Tintic acquisition now closer to full operational realization, Osisko’s focus will shift to executing its drill program and preparing for a possible pilot production phase. The company’s flagship Cariboo Gold Project in Canada remains a critical asset, while the addition of the Utah property diversifies its geographic risk and enhances its resource base.

In the coming months, Osisko will likely report progress on metallurgical testing, permitting, and capital planning for Tintic. Investors should monitor these developments closely, as they will provide clearer insight into the company’s path toward first‑production gold and subsequent revenue generation.

This report is based exclusively on information disclosed in the company’s press releases and publicly available financial data.