Osisko Development hires JDS for Cariboo project

Executive Summary

• Osisko Development Corp.'s subsidiary, Barkerville Gold Mines Ltd., has entered into a definitive project and construction management services agreement with JDS Energy & Mining Inc. (JDS).
• The agreement covers the development of the Cariboo gold project located in British Columbia.
• The partnership aims to provide additional capacity and structure for planning and execution, supporting disciplined progress on the project's development.

Key Details

• Parties Involved: Barkerville Gold Mines Ltd. (wholly owned subsidiary of Osisko Development Corp.) and JDS Energy & Mining Inc. (JDS).
• Agreement Type: Definitive project and construction management services agreement.
• Project: Cariboo gold project, located in central British Columbia, Canada.
• Strategic Rationale: Formalizing the partnership supports an integrated approach to project delivery and provides additional capacity and structure across planning and execution.
• Company Context: Osisko Development is focused on becoming an intermediate gold producer through its flagship Cariboo project and its Tintic project in Utah.

Notable Quotes

• Sean Roosen, chairman and chief executive officer: "Formalizing our partnership with JDS supports an integrated approach to project delivery, as we advance the next phase of work at the Cariboo gold project. JDS's project and construction management experience provides additional capacity and structure across planning and execution, supporting disciplined progress on the development of the Cariboo gold project."