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Osisko Metals Incorporated : Financial Reports – 2026 (Q1 FINANCIAL STATEMENTS)
Osisko Metals Incorporated : Financial Reports – 2026 (Q1 FINANCIAL

About this update from Osisko Metals Incorporated
Condensed Interim Consolidated Financial Statements For the three-month periods ended March 31, 2026 and 2025 Presented in Canadian dollars (Unaudited) Table of Contents CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 3 CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS 4 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 5 CONSOLIDATED STATEMENTS OF CASH FLOWS 6 NOTES TO FINANCIAL STATEMENTS Reporting entity and going concern 7 Basis of preparation 8 Taxes recoverable 8 Marketable securities 9 Exploration and evaluation assets 9 Investment in joint venture 11 Convertible debenture 11 Asset retirement obligation 13 Deferred share unit and restricted share unit plans 13 Income taxes 14 Capital and other components of equity 14 Expenses 17 Related party transactions 17 Deposits 17 Commitments 17 Subsequent events 18 As at March 31, 2026 December 31, 2025 Assets Current assets Cash and cash equivalents $ 100,323 $ 79,791 Other receivables 18 37 Tax recoverable (note 3) 5,537 5,711 Marketable securities (note 4) 2,523 3,508 Other assets 314 251 Total current assets 108,715 89,298 Non-current assets Deposits (note 14) 1,828 1,828 Investment in joint venture (note 6) 78,123 77,687 Property, plant and equipment 1,052 1,008 Exploration and evaluation assets (note 5) 110,011 106,493 Total non-current assets 191,014 187,016 Total assets $ 299,729 $ 276,314 Liabilities Current liabilities Accounts payable and accrued liabilities $ 2,973 $ 7,002 Current Asset Retirement Obligation (note 8) 497 478 Current lease liabilities 308 304 Convertible debenture (note 7) 156,886 90,625 Flow-through premium liability (note 11(a)) 1,995 - Total current liabilities 162,659 98,409 Non-current liabilities Non-current lease liabilities 681 760 Share-based payment liability (note 9) 9,991 4,585 Asset retirement obligation (note 8) 3,737 3,808 Deferred tax liability (note 10) 8,940 8,728 Total non-current liabilities 23,349 17,881 Total liabilities 186,008 116,290 Equity Share capital (note 11(a)) 275,825 245,199 Contributed surplus (note 11(d)) 20,779 20,632 Warrants (note 11(e)) 8,446 10,832 Accumulated deficit (191,329) (116,639) Total equity attributed to equity owners of the Corporation 113,721 160,024 Total liabilities and equity $ 299,729 $ 276,314 The accompanying notes are an integral part of these condensed interim consolidated financial statements. Reporting entity and going concern (no...
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