Osisko Metals Inc. Secures Significant Capital Injection and Expanded Investor Interest
Osisko Metals Incorporated (TSX:OM), a Canadian base‑metal mining company focused on zinc exploration and development, announced on 16 December 2025 that it had closed a private placement of C$32.5 million with strategic investors. The transaction was completed in the final minutes of the day and provides the company with additional working capital to advance its exploration programs and support ongoing development activities.
Details of the Private Placement
- Capital raised: C$32.5 million
- Structure: Non‑brokered private placement
- Strategic investors: Not disclosed in detail, but the placement was described as involving “strategic investors,” implying long‑term partnership opportunities.
The proceeds from the placement are intended to accelerate Osisko’s zinc projects in Canada, enhance its exploration pipeline, and fund future capital‑intensive development milestones.
Agnico Eagle Mines Expands Stake
On 17 December 2025, Agnico Eagle Mines Limited (AEM), a major player in the North American mining sector, increased its exposure to Osisko through multiple private placement transactions:
| Date | Source | Transaction | Shares Purchased | Price per Share | Total Investment |
|---|---|---|---|---|---|
| 17 Dec 2025 01:18 | Finanznachrichten.de | Non‑brokered private placement | 26 000 000 | C$0.48 | C$12.48 million |
| 17 Dec 2025 05:18 | Seeking Alpha | Private placement | 26 000 000 | C$0.48 | C$12.48 million |
| 17 Dec 2025 05:56 | Feedburner | Stake expansion | – | – | – |
| 17 Dec 2025 14:39 | The Market Online | Private placement | 26 000 000 | C$0.48 | C$12.5 million |
| 17 Dec 2025 15:34 | Zacks | Share acquisition | 26 000 000 | C$0.48 | C$12.48 million |
Prior to the new acquisitions, Agnico Eagle held 41.21 million common shares and 20.61 million warrants in Osisko, representing approximately 6.71 % of Osisko’s outstanding shares on a non‑diluted basis and 9.73 % on a partially diluted basis. The additional 26 million shares raise Agnico’s total stake to nearly 10 % of Osisko’s equity.
Market Implications
The dual events—Osisko’s private placement and Agnico Eagle’s stake expansion—indicate growing confidence in Osisko’s zinc projects. The influx of capital should:
- Accelerate exploration of identified zinc targets and potentially unlock additional resources.
- Improve financial flexibility, reducing reliance on debt financing for development costs.
- Strengthen strategic alliances, as Agnico Eagle’s involvement may lead to operational synergies or joint development opportunities.
Osisko’s share price closed at C$0.68 on 15 December 2025, matching its 52‑week high, while its market capitalization stood at C$387.2 million. The price‑earnings ratio of –12.19 reflects the company’s loss position, typical for a development‑stage miner.
Outlook
With the recent capital raise and increased backing from a prominent industry partner, Osisko Metals Inc. is positioned to advance its zinc exploration agenda. Market participants will likely monitor the company’s upcoming exploration results and any further partnership developments to assess the long‑term viability and value creation potential of its zinc portfolio.
