Osisko Metals Secures C$15 Million Bought-Deal Flow-Through Financing for Copper and Zinc Exploration

Osisko Metals Incorporated ( (TSE:OM) ) has issued an update.

Osisko Metals has entered into a bought-deal private placement with a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets to raise approximately C$15 million through the issuance of 11.8 million flow-through common shares at C$1.27 per share. The proceeds will be dedicated to eligible Canadian exploration expenses that qualify as critical mineral mining expenditures on the company’s copper and zinc projects, including Gaspé Copper and Pine Point, with expenditures to be incurred by the end of 2027 and renounced to investors by the end of 2026. The financing, which remains subject to Toronto Stock Exchange approval and standard closing conditions, strengthens Osisko Metals’ funding position for advancing its large copper and zinc resource base, supporting ongoing resource growth and development work in line with Canada’s critical minerals strategy, and potentially enhancing long-term value for shareholders and project stakeholders.

The most recent analyst rating on (TSE:OM) stock is a Hold with a C$0.76 price target. To see the full list of analyst forecasts on Osisko Metals Incorporated stock, see the TSE:OM Stock Forecast page.

Spark’s Take on TSE:OM Stock

According to Spark, TipRanks’ AI Analyst, TSE:OM is a Neutral.

The score is held back primarily by weak financial performance (no revenue and ongoing cash burn), partially offset by strong technical momentum (price above key moving averages with positive MACD) and supportive corporate developments (strategic financing and positive drill results). Valuation remains constrained by losses and no dividend support.

To see Spark’s full report on TSE:OM stock, click here.

More about Osisko Metals Incorporated

Osisko Metals Incorporated is a Canadian exploration and development company focused on critical metals, primarily copper and zinc. Its flagship asset is the past-producing Gaspé Copper mine in Québec, described as the largest undeveloped copper resource in eastern North America, where the company is targeting resource expansion. Osisko Metals also advances the Pine Point zinc project in the Northwest Territories through a joint venture with Appian Capital Advisory, positioning the firm as a significant player in large-scale base metal projects close to existing infrastructure in mining-friendly jurisdictions.

Average Trading Volume: 861,024

Technical Sentiment Signal: Buy

Current Market Cap: C$560.5M

Find detailed analytics on OM stock on TipRanks’ Stock Analysis page.