Osisko Metals Raises CA$25 Million Via Flow-Through Share Financing

01:29 PM EST, 11/04/2026 (MT Newswires) -- Osisko Metals (OM.TO) closed its non-brokered private placement financing, raising CA$25 million, it said in a statement on Wednesday. The company offered 9.5-million common shares that will qualify as "flow-through shares" at CA$2.64 per flow-through share. Two of its existing strategic investors, Agnico Eagle Mines (AEM.TO, AEM) and Hudbay Minerals (HBM.TO, HBM), purchased all of the common shares issued under the offering, as part of a follow-on transaction to the issuance of the flow-through shares, Osisko Metals said. The company plans to use an amount equal to the proceeds to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" in respect of its projects in Quebec, it added. Shares of the company were last seen up 1% at CA$1.415 on the Toronto Stock Exchange. Price: 1.42, Change: +0.02, Percent Change: +1.43