Osisko Development

Osisko Development Corp. (TSXV: ODV, NYSE: ODV) is a North American gold development company focused on advancing high-potential projects in premier mining jurisdictions. The company’s flagship asset, the Cariboo Gold Project in British Columbia, is a shovel-ready development with 2.03 million ounces of probable gold reserves and a projected 12-year mine life. Additionally, Osisko Development is advancing the Tintic Project in Utah and the San Antonio Project in Mexico, further strengthening its position as an emerging mid-tier gold producer.

Osisko Development is leveraging extensive infrastructure, modern mining technologies, and a strong technical team to optimize project economics and sustainability. The company is committed to responsible mining practices, prioritizing environmental stewardship and stakeholder engagement, including partnerships with Indigenous communities. With a clear growth strategy, ongoing project advancements, and a well-established management team, Osisko Development is positioned to become a leading North American gold producer.

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Osisko Development Corp. presents a compelling investment opportunity with its advanced-stage Cariboo Gold Project, one of Canada’s most promising gold development assets. The project is fully permitted for construction and is expected to produce an average of 164,000 ounces of gold annually, with peak production exceeding 220,000 ounces. With a net present value (NPV) of C$502 million and an internal rate of return (IRR) of 20.7% at a base gold price of US$1,700 per ounce, Cariboo is positioned as a cornerstone asset in the company’s growth strategy.

Beyond Cariboo, Osisko Development is unlocking additional value through its high-grade Tintic Project in Utah, which hosts significant gold potential and exploration upside. The company is also advancing the San Antonio Project in Mexico, which holds near-term production potential. With a disciplined approach to capital efficiency, Osisko Development benefits from inherited infrastructure, reducing upfront costs and accelerating project timelines.

Operating in top-tier mining jurisdictions with strong regulatory support, Osisko Development is well-positioned for sustainable growth. Its commitment to environmental, social, and governance (ESG) principles, coupled with the rising global demand for gold, makes it an attractive investment for those seeking exposure to a high-quality, de-risked gold development company with significant production potential.

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Osisko Development Corp. is led by an experienced management team with a proven track record in discovering, developing, and operating world-class gold assets. The team brings extensive expertise in mine development, project financing, and sustainable resource management, positioning the company for long-term success.

At the helm is Sean Roosen, Chairman and CEO, who has played a pivotal role in developing some of Canada’s most successful mining projects, including the Canadian Malartic mine, one of the largest gold operations in the country. Under his leadership, Osisko Development is advancing its portfolio with a focus on capital efficiency and responsible mining.

Elif Lévesque, Chief Financial Officer, oversees the company’s financial strategy, ensuring a disciplined approach to capital allocation and project financing. She brings over two decades of experience in corporate finance and mining sector financial management.

The company’s technical operations are driven by Daniel Downton, Chief Resource Geologist, who provides expertise in mineral resource estimation and geological modeling, critical to optimizing Osisko Development’s exploration and development strategies.

The management team is further supported by a Board of Directors composed of accomplished professionals with deep experience in mining, corporate governance, and financial markets. Together, they are committed to delivering shareholder value while maintaining a strong focus on environmental stewardship and community partnerships.

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Osisko Development Corp. is executing a strategic growth plan centered on advancing its flagship Cariboo Gold Project toward production while expanding its broader portfolio of high-quality gold assets. With key construction permits secured, the company is focused on optimizing feasibility studies, finalizing project financing, and initiating full-scale construction in the near term. Cariboo is expected to become a cornerstone operation, producing over 164,000 ounces of gold annually, with peak output exceeding 220,000 ounces.

Beyond Cariboo, Osisko Development is unlocking value at the Tintic Project in Utah, where high-grade gold mineralization and regional porphyry targets offer significant exploration upside. The company is also progressing the San Antonio Project in Mexico, which has near-term production potential. Through continued exploration, resource expansion, and technical advancements, Osisko Development is positioning these assets to contribute meaningfully to future production.

A core pillar of the company’s growth strategy is sustainability and operational efficiency. Osisko Development is integrating modern mining technologies, including ore sorting and electric-powered equipment, to enhance processing efficiency and reduce environmental impact. The company also maintains a strong commitment to responsible mining practices, collaborating with Indigenous groups and local communities to ensure long-term project viability.

With a disciplined capital allocation approach, access to existing infrastructure, and a world-class management team, Osisko Development is on track to become a leading mid-tier gold producer. The company remains open to strategic partnerships and financial structures that enhance shareholder value while maintaining flexibility for future growth.

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Osisko Development Corp. is well-positioned financially to advance its flagship Cariboo Gold Project and additional assets toward production. The company has secured critical project financing, including a US$50 million credit facility with National Bank and US$92 million in gross proceeds from recent private placements, reinforcing its ability to fund key development milestones.

The Cariboo Gold Project demonstrates strong economic potential, with a net present value (NPV) of C$502 million and an internal rate of return (IRR) of 20.7% at a base gold price of US$1,700 per ounce. The project is designed to deliver low all-in sustaining costs (AISC) of US$968 per ounce, positioning it as a competitive gold operation in North America.

Osisko Development maintains a balanced capital structure, with significant institutional investor backing, including a 9.9% lead order from Condire Investors. The company is strategically leveraging its inherited infrastructure to reduce capital intensity, optimizing its financial resources for long-term value creation.

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Osisko Development Corp. is on the path to becoming a premier North American gold producer, with its Cariboo Gold Project serving as a cornerstone asset in its growth strategy. With key permits secured, strong project economics, and a disciplined approach to capital efficiency, the company is well-positioned to advance toward production and long-term value creation.

Beyond Cariboo, Osisko Development’s Tintic Project in Utah and San Antonio Project in Mexico provide significant upside potential, reinforcing the company’s status as an emerging mid-tier gold producer. Operating in top-tier mining jurisdictions, Osisko Development benefits from strong infrastructure, supportive regulatory environments, and access to skilled labor, further de-risking its operations.

The company’s commitment to sustainability, innovation, and stakeholder engagement ensures that its projects are developed responsibly while maximizing economic returns. With a proven management team, a strong financial position, and a focus on delivering shareholder value, Osisko Development presents a compelling investment opportunity in the gold sector.

As the company progresses through key milestones—including construction, production ramp-up, and further exploration—Osisko Development is poised for significant growth, offering investors exposure to a high-quality, de-risked gold development story with long-term upside potential.

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