Osisko Development Raises Equity As Cariboo Gold Nears Key Decision

• Osisko Development (TSXV:ODV) has completed a major equity financing through a bought deal to fund work at its flagship Cariboo Gold Project.
• The financing is aimed at accelerating exploration and resource conversion as Cariboo approaches a key investment decision.
• Insider Double Zero Capital participated in the offering, signaling internal support for the project.
• The company has appointed Sarah Harrison as Vice President of Permitting and Compliance to lead environmental and regulatory efforts across its projects.

For you as an investor, this centers on a single asset story with fresh funding and a leadership change at a critical time. Osisko Development focuses on advancing the Cariboo Gold Project, a core development asset where exploration and permitting are central to the investment case. In the wider gold sector, capital access and permitting progress are often key differentiators between projects that stay on the drawing board and those that move toward construction.

Looking ahead, the combination of new equity capital and a dedicated permitting lead may support tighter execution on exploration, studies, and regulatory milestones at Cariboo. As the project moves closer to a potential investment decision, investors will likely focus on how efficiently this new capital is deployed and how permitting and compliance milestones align with the company’s development plans.

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Why Osisko Development could be great value

Quick Assessment

• ✅ Price vs Analyst Target: At CA$4.94 versus a CA$8.11 analyst target, the price sits about 39% below consensus.
• ⚖️ Simply Wall St Valuation: DCF data is not available, so there is no clear Simply Wall St undervalued or overvalued signal yet.
• ✅ Recent Momentum: The 30 day return of roughly 0.4% shows slightly positive short term performance.

Check out Simply Wall St’s
in depth valuation analysis for Osisko Development.

Key Considerations

• 📊 The equity raise funds Cariboo exploration and permitting, so your thesis hinges heavily on this single project advancing as planned.
• 📊 Keep an eye on how quickly the new capital is spent, progress updates from the new VP of Permitting and Compliance, and any movement in Cariboo resource and study results.
• ⚠️ Recent shareholder dilution and the company’s current lack of profitability highlight funding and execution risk if timelines or costs shift.

Dig Deeper

For the full picture including more risks and rewards, check out the
complete Osisko Development analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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