Osisko Metals Announces C$15 Million "Bought Deal" Flow-Through Share Financing

Executive Summary

• Osisko Metals entered into a bought‑deal private placement for up to 11,812,000 flow‑through common shares at C$1.27 per share, targeting gross proceeds of C$15,001,240.
• Proceeds will be used exclusively for eligible Canadian exploration expenses on the company’s Gaspé Copper and Pine Point projects, with qualifying expenditures to be renounced by December 31, 2026.
• The offering is being underwritten by Canaccord Genuity (sole bookrunner) and BMO Capital Markets (co‑lead), with a cash underwriting commission of 5% of gross proceeds; closing is expected around February 3, 2026, subject to TSX approval.

Key Details

• Shares Offered: 11,812,000 flow‑through common shares.
• Issue Price: C$1.27 per share.
• Gross Proceeds: Approximately C$15.0 million.
• Underwriters: Canaccord Genuity Corp. (sole bookrunner, co‑lead) and BMO Capital Markets (co‑lead), plus a syndicate of other underwriters.
• Commission: 5% cash commission on gross proceeds payable to the underwriting syndicate.
• Use of Proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures for Gaspé Copper and Pine Point projects, incurred on or before Dec 31 2027; all qualifying expenditures will be renounced by Dec 31 2026.
• Offering Structure: Private placement under National Instrument 45‑106 prospectus exemptions; shares to be offered in all Canadian provinces except Québec.
• Closing Date: Expected around February 3 2026, subject to TSX conditional approval and other customary closing conditions.
• Hold Period: Shares subject to a hold period of four months and one day from the Closing Date per Canadian securities law.

Notable Quotes

(No direct quotes were provided in the release.)