Northwire Canada EditionMonday, October 19, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4173.20 −0.2% SILVER 57.42 +0.2% COPPER 6.55 −0.3% OIL 97.55 −1.5% PALLADIUM 1123.75 +0.5% SAGE 0.110 +0.0% REC 0.050 +0.0% NICN 0.115 +0.0% TRX 1.49 −1.3% VLC 0.210 +0.0% TIGR 0.640 +3.2% TUO 1.42 −0.7% SVG 0.125 +0.0% VCU 1.03 +1.0% MACK 3.25 +4.8% COSA 0.380 −3.8% WGLD 0.130 +0.0% OSM 0.025 +0.0% TOM 0.145 +3.6% ALS 56.31 −0.4% FMAN 0.280 −8.2% GOLD 4173.20 −0.2% SILVER 57.42 +0.2% COPPER 6.55 −0.3% OIL 97.55 −1.5% PALLADIUM 1123.75 +0.5% SAGE 0.110 +0.0% REC 0.050 +0.0% NICN 0.115 +0.0% TRX 1.49 −1.3% VLC 0.210 +0.0% TIGR 0.640 +3.2% TUO 1.42 −0.7% SVG 0.125 +0.0% VCU 1.03 +1.0% MACK 3.25 +4.8% COSA 0.380 −3.8% WGLD 0.130 +0.0% OSM 0.025 +0.0% TOM 0.145 +3.6% ALS 56.31 −0.4% FMAN 0.280 −8.2%
Drill Results Neutral

Osiris One Metals Appoints Randall Thompson as Director

Osiris One concludes Mongolia drilling and awaits Western Range acquisition closing after adding a mining veteran to its board.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 08:01 OSM · 0.035 Osiris One Metals Ltd.
Executive Summary
  • Osiris One Metals appointed Randall Thompson to its Board of Directors and granted him 1,000,000 incentive stock options exercisable at $0.05 per share, vesting immediately.
  • Director Joseph Gallucci resigned from the Board.
  • The company reported the completion of a 600-metre diamond drilling campaign at its Victory Project in Mongolia, with core samples submitted for laboratory analysis and assay results pending.
  • Osiris One holds a 20% free carried interest in the Victory Project, operated by Trinity One Metals.
  • Preceding news from June 1 outlines the agreement to acquire an 80% interest in the Western Range silver-copper project in Western Australia for $30,000 USD, 9,000,000 shares, and a free carry to a bankable feasibility study, pending TSX Venture Exchange approval.
Material Impact
  • The June 15 director appointment and drilling completion represent routine corporate governance and exploration updates.
  • The option grant at $0.05 is slightly above the current trading price, reflecting standard market practice for recruiting senior mining talent, but introduces incremental dilution.
  • Completion of the 600-metre drill program is an expected operational milestone; without assay results, it does not alter the project's valuation or near-term cash flow profile.
  • The Western Range acquisition announced on June 1 remains pending regulatory approval and has not yet closed, meaning its financial and operational impact is not yet realized.
  • Overall, the news is incremental, aligns with previous exploration plans, and does not provide new, unexpected market-moving information.
OSM · Price
Company Overview
  • Osiris One Metals is a junior exploration company focused on critical minerals and base metals.
  • Flagship project: Urgakh Naran lithium brine project in Mongolia, located approximately 24km from the Chinese border with direct road access to buyers and smelters.
  • Additional assets include the Victory Project (copper) in Mongolia and the newly acquired Western Range (silver-copper) in Western Australia.
  • The company is in the early exploration phase, with no defined mineral resources or reserves reported to date.
Read the original news release →

More from Osiris One Metals Ltd.

Oct 19, 2026 · 07:55

Osiris One acquires the Island Range copper-gold project to expand its British Columbia portfolio.

M&A / Property Jul 11, 2026 · 08:47

Osiris One is divesting its Mongolian lithium asset to refocus on the Western Range copper-silver project.

M&A / Property Jun 25, 2026 · 17:40

Osiris One acquires Western Range, expanding its portfolio through a dilutive share issuance.

M&A / Property Jun 01, 2026 · 08:01

Osiris One Metals Acquires Western Range Silver-Copper Project in Western Australia

M&A / Property Mar 13, 2026 · 20:42

Lithium Ion closes $1.4-million private placement

Financings Feb 03, 2026 · 11:33

Lithium Ion partner SureFQ Hong Kong exits JV

M&A / Property