Osisko Critical Minerals raises private placement target to C$250M

Osisko Critical Minerals Corporation, a wholly-owned subsidiary of Osisko Metals Incorporated (TSX: OM; OTCQX: OMZNF; FRANKFURT: 0B51), has increased the size of its "best efforts" private placement of special warrants from C$100 million to C$250 million in aggregate gross proceeds.

The offering is led by Canaccord Genuity Corp. as lead agent and sole bookrunner, on behalf of a syndicate of agents. The private placement was initially announced by Osisko Metals on Sept. 16, 2026. All other terms of the offering remain unchanged from the original announcement.

Incoming CEO John Burzynski attributed the increase to investor demand. "The decision to upsize our Private Placement from $100 million to $250 million is a result of overwhelming demand from investors for OCMC," he said, adding that the company plans to advance exploration of copper assets in New Brunswick.

Osisko Critical Minerals holds approximately 645 square kilometers of mineral claims in northern New Brunswick, Canada, including the NB Copper Project. The company describes the project's geological setting as analogous to the nearby Gaspé Copper Project.

Completion of the private placement remains subject to several conditions, including legal and tax structuring, financial analysis, execution of definitive documentation, and regulatory approvals. The company noted there is no certainty the offering will be completed on the proposed terms or at all, and no assurance has been given that the corporation's securities will be listed on any stock exchange.

Bennett Jones LLP is serving as legal advisor to Osisko Metals, Peterson McVicar LLP is advising Osisko Critical Minerals on corporate matters, and Cassels Brock & Blackwell LLP is representing the agents.

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