Thursday, September 18, 2025

Latest

Osisko Metals To Conduct $5.0 Million Flow Through Financing

Osisko Metals (TSXV: OM) is apparently looking for further funding. The company this morning announced that it has entered into an agreement with Haywood Securities to conduct a best efforts private placement of flow through shares to the tune of $5.0 million.

Under the terms of the financing, the company will look to sell up to 10.0 million flow through common shares at a price of $0.50 per share. No warrants are to be sold under the terms of the offering. An over allotment option has been granted in connection with the financing, enabling the sale of up to an additional 2.0 million flow through common shares.

Gross proceeds from the financing are to be used for Canadian exploration expenses, with the funds to be focused on Osisko’s Pine Point Zinc Project in the Northwest Territories.

The offering is expected to close April 29, 2021.

Osisko Metals last traded at $0.445 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Newmont Declares Force Majeure On Deliveries From Mexican Zinc Mine After Strike

Newmont (TSX: NGT) is currently unable to deliver contracted metal from its Penasquito Mine in...

Friday, June 23, 2023, 09:03:20 AM

Starr Peak Intersects 23.82% Zinc Equivalent Over 12.10 Metres

Starr Peak Mining (TSXV: STE) this morning released drill results from its ongoing drill program...

Tuesday, May 4, 2021, 07:29:41 AM

Emerita Resources Launches Initial 5,000 Metre Drill Program At Iberia West

Emerita Resource Corp (TSXV: EMO) has begun mobilization for its diamond drill program at its...

Monday, April 12, 2021, 07:57:18 AM

Zinc Sinking: Analyst Says Tara Mines Suspension Is A Wake-Up Call

The closure of Ireland’s Tara zinc mine highlights the significant decline in the price of...

Saturday, June 24, 2023, 09:07:00 AM

Trevali Mining Suspends Operations At Perkoa Mine Due To Flooding

Trevali Mining Corp (TSX: TV) has halted production at its flagship Perkoa mine. The mine,...

Sunday, April 17, 2022, 03:09:00 PM