Osisko Development Pursues Gold Production at Cariboo and Tintic Mines

Osisko Development Corp. is focused on advancing its projects to achieve intermediate gold producer status. The company's strategy centers on reviving past-producing gold mines in North America, leveraging its fully permitted Cariboo Gold Project in British Columbia and the Tintic Project in Utah.

The Cariboo Gold Project is situated in a historic gold rush region and encompasses a large land package with potential for new discoveries. The Tintic Project in Utah is also in the development phase, located in a district with a long history of metal production and several former mines.

Osisko Development is led by a management team with extensive experience in discovering, financing, developing, and operating large-scale mining projects globally. The company aims to capitalize on the potential of these historic mining areas to grow its gold production responsibly.

Recent corporate activities include securing a strategic equity investment and completing a significant senior secured notes offering, which are intended to support the development of its key projects.