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Osisko Development ( (TSE:ODV) ) has shared an update.
On October 29, 2025, Osisko Development Corp. completed a private placement of 15,409,798 common shares, raising gross proceeds of approximately C$82.5 million through a combination of flow-through “LIFE” shares and hard-dollar shares, as disclosed in a material change report dated November 10, 2025. The financing, co-led by National Bank Financial, BMO Capital Markets and RBC Capital Markets, included significant insider participation by major shareholder Double Zero Capital LP and is intended to fund eligible Canadian exploration expenditures in British Columbia and contribute to construction capital for the Cariboo Gold Project, underscoring Osisko Development’s push to advance its key assets while navigating Canadian securities and related-party transaction rules; the transaction remains subject to final TSX Venture Exchange acceptance, with certain shares subject to statutory hold periods.
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 Canadian mining company focused on the exploration and development of gold projects, including its flagship Cariboo Gold Project in British Columbia. The company raises capital primarily through equity financings and targets investors interested in Canadian exploration and development-stage mining assets, including those seeking flow-through share tax benefits under Canadian law.
Average Trading Volume: 152,513
Technical Sentiment Signal: Hold
Current Market Cap: C$1.28B
For detailed information about ODV stock, go to TipRanks’ Stock Analysis page.