Osisko Development Announces US$195 Million Financing

Not for distribution to U.S. news wire services or dissemination in the United States.

MONTREAL, July 31, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, under which the underwriters have agreed to buy, on a "bought deal" private placement basis, 58,560,000 units of the Company (the "Units"), at a price of US$2.05 per Unit (the “Issue Price”) for aggregate gross proceeds of US$120,048,000 (the "Offering").

Read more at globenewswire.com