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Osisko Development ( (TSE:ODV) ) just unveiled an update.
On December 18, 2025, Osisko Development Corp., through its wholly owned subsidiary Barkerville Gold Mines and in conjunction with joint actor Electric Elements Mining Corp., increased its ownership stake in Niobay Metals Inc. via participation in a private placement. The company subscribed for 8,571,429 Niobay units at $0.14 per unit for a total of about $1.2 million, each unit comprising one common share and one common share purchase warrant, lifting its combined basic ownership from 10.8% to 12.3% of Niobay’s outstanding common shares and to 16.2% on a partially diluted basis assuming full exercise of the warrants. The stake, acquired for investment purposes and disclosed through an early warning report filed with Canadian securities regulators, underscores Osisko Development’s ongoing use of strategic equity positions in other resource companies as part of its broader portfolio and capital allocation strategy, with potential implications for its influence over Niobay and for investors tracking cross-holdings within the junior mining sector.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Spark’s Take on TSE:ODV Stock
According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.
Osisko Development’s overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and liquidity issues. However, positive technical indicators and promising corporate events, such as successful drilling results, provide some optimism for future growth potential.
To see Spark’s full report on TSE:ODV stock, click here.
More about Osisko Development
Osisko Development Corp. is a North American gold development company focused on reviving past-producing mining camps in mining-friendly jurisdictions with district-scale potential. Its primary objective is to become an intermediate gold producer by advancing its 100%-owned, fully permitted Cariboo Gold Project in central British Columbia, Canada, complemented by the Tintic Project in Utah, which offers brownfield exploration potential supported by existing infrastructure and historical data. The company’s strategy centers on building long-life, socially and environmentally responsible mining assets while managing development risk and expanding its mineral resource base.
YTD Price Performance: 117.39%
Average Trading Volume: 143,393
Technical Sentiment Signal: Hold
Current Market Cap: C$1.28B
For detailed information about ODV stock, go to TipRanks’ Stock Analysis page.