Osisko Metals raises C$24.98 million in flow-through share private placement
OSK•Osisko Metals closed a C$24.98 million non-brokered private placement of 9,461,840 flow-through shares at C$2.64 each, purchased by Agnico Eagle Mines and Hudbay Minerals. Proceeds will fund qualifying exploration expenditures on Québec projects.
1. Placement closed
Osisko Metals closed the private placement on November 4, 2026. The shares were purchased by existing strategic investors Agnico Eagle Mines and Hudbay Minerals in a follow-on transaction.
2. Use of proceeds
Proceeds will fund qualifying critical mineral exploration expenditures on Québec projects by December 31, 2027. The expenditures will be renounced to initial purchasers effective by December 31, 2026, and the offering remains subject to final Toronto Stock Exchange acceptance.
