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Osisko Metals Announces $32.5 Million Private Placement with Strategic Investors
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About this update from Osisko Metals Incorporated
[{"type":"text","content":"Osisko Metals Announces $32.5 Million Private Placement with Strategic Investors\n\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES\n \n\n\n\n\n OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the \"\n \n Company\n \n \" or \"\n \n Osisko Metals\n \n \") (TSX: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it expects to complete a non-brokered private placement with certain strategic investors for an aggregate of approximately 67,666,666 common shares of the Company (the \"\n \n Common Shares\n \n \") at an offering price of $0.48 per Common Share for aggregate gross proceeds to the Company of approximately $32,480,000 (the “\n \n Private Placement\n \n ”).\n \n\n The Private Placement is expected to include subscriptions from certain strategic investors, including:\n \n\n\n\n Hudbay Minerals Inc.\n \n : 29,166,666 Common Shares for gross proceeds of $14,000,000;\n \n\n\n Agnico Eagle Mines Limited\n \n : has indicated that it intends to subscribe for 26,000,000 Common Shares for gross proceeds of $12,480,000 pursuant to an existing participation right;\n \n\n\n Franco-Nevada Corporation\n \n : 4,166,667 Common Shares for gross proceeds of $2,000,000; and\n \n\n\n A strategic institutional investor\n \n : 8,333,333 Common Shares for gross proceeds of $4,000,000.\n \n\n\n The size of the Private Placement will depend on, among other things, certain contractual participation rights granted by the Company to Glencore Canada Corporation (the \"\n \n Glencore Participation Right\n \n \").\n \n\n\n Osisko Metals CEO Robert Wares commented:\n \n \"\n \n We are pleased to welcome Hudbay Minerals as a new significant shareholder of Osisko Metals. We also appreciate the continued participation of Agnico Eagle and two of our existing principal and strategic shareholders. We view the participation in the private placement by these investors as support for the potential of the Gaspé Copper project and we look forward to continued support from these shareholders as we advance our project.\n \n \"\n \n\n After giving effect to the Private Placement, but before giving effect to any other issuance of Common Shares (including pursuant to the Glencore Participation Right): (i) Hudbay Minerals Inc. (\"\n \n Hudbay\n ...