CASH: CAD$7M (3 Jan 2022)
Osisko Group – 20.3%
CDPQ – 3.4%
Management & Insiders – 19.2%
Killian Charles – Vice President, Corporate Development
Mr. Charles was previously Manager of Corporate Development at Integra Gold Corp, an advanced stage gold development company, up until its acquisition by Eldorado Gold in July of 2017.
Prior to that, he worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities, covering small and mid-cap exploration and production companies. Mr. Charles holds a Bachelor of Science, with a Major in Earth and Planetary Sciences from McGill University.
April 28, 2022 – Osisko Metals announced an initial Inferred Mineral Resource Estimate of 456Mt at 0.31% copper, at Mount Copper as part of the Gaspé Copper Project, located near Murdochville in the Gaspé Peninsula of Quebec. This resource is pit-constrained to mineralization surrounding the past-producing Mount Copper open pit mine and uses a base case of US$3.80/lb copper and a lower cut-off grade of 0.16% sulfide copper. It was estimated using data from historical drilling completed between the 1960’s and 2019.
28 March 2022 – Osisko Metals has signed a binding term sheet with Glencore Canada to acquire a 100% interest in the past-producing Gaspé Copper Mine, located near Murdochville, Québec, for an up-front payment of US$25 million, to be paid by Osisko Metals by way of a convertible note issued to Glencore upon the successful closing of the transaction, and a cash payment of US$20 million, payable upon start of commercial production. The Company must also incur drilling costs of C$5 million before June 30, 2022, to test oxidation levels within the mineralization that surrounds the historical Mount Copper open pit deposit.
25 January 2022 – Osisko Metals announces further results from the ongoing in-fill drill program at its Pine Point Project and intersects 4.80m grading 19.60% Zinc + Lead.
Advance exploration drilling across key targets
Advance development and permitting timeline
Update MRE and PEA