Osisko Metals Closes C$15 Million “Bought-Deal” Flow-Through Share Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Feb. 04, 2026 (GLOBE NEWSWIRE) — Osisko Metals Included (the “Firm” or “Osisko Metals“) (TSX: OM; OTCQX: OMZNF; FRANKFURT: OB51) is happy to announce the profitable closing of its previously-announced “bought-deal” non-public placement financing, pursuant to which the Firm issued an combination of 11,812,000 frequent shares of the Firm that can qualify as “flow-through shares” (throughout the which means of subsection 66(15) of the Revenue Tax Act (Canada)) (the “Flow-Through Shares“) at a worth of C$1.27 per Flow-Through Share for gross proceeds to the Firm of C$15,001,240 (the “Providing“).

The Firm will use an quantity equal to the gross proceeds from the sale of the Flow-Through Shares below the Providing to incur eligible “Canadian exploration bills” that can qualify as “flow-through vital mineral mining expenditures” (as each phrases are outlined within the Revenue Tax Act (Canada)) (the “Qualifying Expenditures“), in respect of the Firm’s initiatives in Canada. The Qualifying Expenditures will probably be incurred on or earlier than December 31, 2027 and will probably be renounced by the Firm to the preliminary purchasers of the Flow-Through Shares with an efficient date no later than December 31, 2026.

The Providing was co-led by Canaccord Genuity Corp. and BMO Capital Markets.

The Firm understands that Agnico Eagle Mines Restricted and Hudbay Minerals Inc., two of its present strategic buyers, together with Toronto-based fund Rosseau Asset Administration Ltd., have bought, as a part of a follow-on transaction to the issuance of the Flow-Through Shares, the entire Widespread Shares issued below the Providing at a worth of C$0.85 per Widespread Share for an combination buy worth of roughly C$10 million.

The Flow-Through Shares issued below the Providing are topic to a maintain interval expiring 4 months and in the future from the date hereof, pursuant to relevant Canadian securities legal guidelines. The Providing stays topic to last acceptance of the Toronto Inventory Trade.

This information launch does not represent an provide to promote or a solicitation of an provide to purchase any of the securities in the United States. The securities have not been and will not be registered below the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities legal guidelines and could not be supplied or bought inside the United States or to or for the account or advantage of a U.S. particular person (as outlined in Regulation S below the U.S. Securities Act) except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is out there.

About Osisko Metals

Osisko Metals Included is a Canadian exploration and growth firm creating worth within the vital metals sector, with a deal with copper and zinc. The Firm acquired a 100% curiosity in its flagship undertaking, the past-producing Gaspé Copper mine, from Glencore Canada Company in July 2023. The Gaspé Copper undertaking is situated close to Murdochville in Québec’s Gaspé Peninsula. The Firm is at the moment targeted on useful resource growth of the Gaspé Copper system, with present Indicated Mineral Sources of 824 Mt grading 0.34% CuEq and Inferred Mineral Sources of 670 Mt grading 0.38% CuEq (in compliance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives). For extra info, see Osisko Metals’ November 14, 2024 information launch entitled “Osisko Metals Pronounces Important Improve in Mineral Useful resource at Gaspé Copper“. Gaspé Copper hosts the biggest undeveloped copper useful resource in japanese North America, strategically situated close to present infrastructure within the mining-friendly province of Québec.

Along with the Gaspé Copper undertaking, the Firm is working with Appian Capital Advisory LLP, by way of the Pine Level Mining Restricted three way partnership, to advance one in all Canada’s largest past-producing zinc mining camps, the Pine Level undertaking, situated within the Northwest Territories. The present mineral useful resource estimate for the Pine Level undertaking consists of Indicated Mineral Sources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Sources of 8.3 Mt at 5.64% ZnEq (in compliance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives). For extra info, see Osisko Metals’ June 25, 2024 information launch entitled “Osisko Metals releases Pine Level mineral useful resource estimate: 49.5 million tonnes of indicated assets at 5.52% ZnEq”. The Pine Level undertaking is situated on the south shore of Nice Slave Lake, Northwest Territories, near infrastructure, with paved highway entry, {an electrical} substation and 100 kilometers of viable haul roads.

For additional info on this information launch, go to www.osiskometals.com or contact:

Don Njegovan, President
E mail: data@osiskometals.com
Telephone: (416) 500-4129

Cautionary Assertion on Ahead-Trying Data

This information launch accommodates “forward-looking info” throughout the which means of relevant Canadian securities laws primarily based on expectations, estimates and projections as on the date of this information launch. Any assertion that includes predictions, expectations, interpretations, beliefs, plans projections, aims, assumptions, future occasions or efficiency (typically, however not at all times, utilizing phrases such as “expects” or “does not count on”, “is anticipated”, “interpreted”, “administration’s view”, “anticipates” or “doesn’t anticipate”, “plans”, “finances”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “could” or “may”, “would”, “may” or “will” be taken, happen or be achieved) usually are not statements of historic reality and could also be forward-looking info and are supposed to determine forward-looking info. This information launch accommodates forward-looking info pertaining to, amongst different issues: the power for the Firm to acquire the ultimate approval of the Toronto Inventory Trade; the anticipated use of proceeds of the Providing; the tax therapy of the Flow-Through Shares; the timing of incurring and renunciation of the Qualifying Expenditures; and the power to advance the Firm’s properties (and outcomes thereof); and Gaspé Copper internet hosting the biggest undeveloped copper useful resource in japanese North America.

Ahead-looking info shouldn’t be a assure of future efficiency and relies upon a lot of estimates and assumptions of administration, in gentle of administration’s expertise and notion of traits, present situations and anticipated developments, in addition to different components that administration believes to be related and affordable within the circumstances, together with, with out limitation, assumptions about: normal market situations impacting the Firm; the power of exploration outcomes, together with drilling, to precisely predict mineralization; errors in geological modelling; inadequate information; fairness and debt capital markets; future spot costs of copper and zinc; the timing and outcomes of exploration and drilling applications; the accuracy of mineral useful resource estimates; manufacturing prices; political and regulatory stability; the receipt of governmental and third social gathering approvals; licenses and permits being acquired on beneficial phrases; sustained labour stability; stability in monetary and capital markets; and availability of mining gear and constructive relations with native communities and teams. Ahead-looking info includes dangers, uncertainties and different components that may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking info. Such components embrace, amongst others, dangers regarding the power of the Firm to acquire required approvals, the power of the Firm to finish additional exploration actions, together with drilling; the outcomes of exploration actions; dangers regarding mining actions_; dangers regarding the worldwide financial local weather and metallic costs; environmental dangers; modifications in tax and regulatory regimes; and group and non-governmental actions. Elements that might trigger precise outcomes to vary materially from such forward-looking info are set out within the Firm’s public disclosure document on SEDAR+ (www.sedarplus.ca) below Osisko Metals’ issuer profile. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking info on this information launch are affordable, undue reliance ought to not be positioned on such info, which solely applies as of the date of this information launch, and no assurance can be given that such occasions will happen in the disclosed time frames or at all. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not as a results of new info, future occasions or in any other case, aside from as required by regulation.