Osisko Critical Minerals launches C$100M private placement

Osisko Critical Minerals Corporation, a newly incorporated wholly-owned subsidiary of Osisko Metals Incorporated (TSX: OM; OTCQX: OMZNF; FRANKFURT: 0B51), announced a C$100 million best efforts private placement of special warrants priced at C$0.25 per unit, with Canaccord Genuity Corp. acting as lead agent and sole bookrunner.

Each special warrant will automatically convert into one unit consisting of one common share and one-half of one common share purchase warrant upon satisfaction of release conditions. Each full warrant will carry an exercise price of C$0.35 per share and will be exercisable for 24 months following the closing date. The closing is expected on or about November 17, 2026.

Release conditions include receipt of a final qualifying prospectus from Canadian securities regulatory authorities and conditional approval from the TSX Venture Exchange to list the common shares and warrants, both within 180 days of closing.

Net proceeds are intended to fund exploration and development of properties in New Brunswick, Canada, as well as general working capital and corporate expenses. The properties comprise approximately 2,972 mineral claim units, covering roughly 645 square kilometres, and include targets prospective for copper, silver, and gold.

John Burzynski, incoming chief executive officer, said the company plans to advance "an aggressive exploration program on these highly prospective copper assets."

Bennett Jones LLP is serving as legal advisor to the corporation, while Cassels Brock & Blackwell LLP is advising the agents. Completion of the placement remains subject to regulatory approvals and other conditions, and there is no certainty it will close on the proposed terms.

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