$OM.TO

Osisko Metals Intersects 80 Meters Averaging 1.93% Copper at Gaspe Project

Osisko Metals' (OM.TO) initial results from the 2026 drill program at the Gaspe Copper Project, located in the Gaspe Peninsula of Eastern Quebec, highlighted 80.0 meters averaging 1.93% copper (Cu), it said on Tuesday.Drill hole 30-1195, located at the northern extremity of the Needle Mountain expansion area, is a vertical hole that cut two mineralized intervals, and which intersected 76.5 meters averaging 0.35% Cu. Five drills of the company are currently active on the property, with two additional drills starting work this month."The 2026 drill program is off to an excellent start with three new significant intersections reported from the Needle Mountain expansion area, all within modelled waste rock of the 2026 MRE Whittle pit volume," said Osisko Metals Chief Executive Robert Wares. "With the launch of the 2026 drill program, we believe that there is excellent potential for conversion of currently categorized in-pit waste rock to new mineralized zones in the direction of Needle Mountain."Drill hole 30-1196, located 150 meters south of 30-1195, is a vertical hole that also cut two mineralized intervals, both within the 2026 Whittle pit volume, the company said.Shares of the company closed down 1.9% to $1.55 on Monday on the Toronto Stock Exchange.

OR Royalties Sells Stake in Osisko Metals for US$34.8 Million

OR Royalties (OR.TO) has sold its entire remaining non-core equity position in Osisko Metals (OM.TO), generating US$34.8 million in proceeds, Osisko Gold Royalties said Thursday.Osisko Gold Royalties also provided an update on its portfolio. The expanded and accelerated mine plan at Alamos Gold's (AGI.TO) Island Gold District in Canada is expected to transition a greater proportion of production from OR Royalties' current 1.38% net smelter return royalty (NSR) coverage to OR Royalties' 2.0% and 3.0% NSR royalty boundaries.Benz Mining (BZ.V) is conducting a 250,000 meter drill program at the Glenburgh gold project in Western Australia. OR Royalties holds a 1.08% gross revenue royalty on Glenburgh.Talisker Reosurces (TSK.TO) closed a C$52.1 million bought-deal financing in March as it expanded a 2026 diamond drill program at the Bralorne mine in British Columbia to 105,000 meters from 30,000 m. OR Royalties holds a 1.7% NSR royalty on Bralorne.PMET Resources (PMET.TO) has submitted an environmental and social impact assessment for the Shaakichiuwaanaan project in Quebec. OR Royalties's interests in the project includes a sliding-scale 1.5-3.5% NSR royalty on precious metals and 2.0% on lithium and other products.OceanaGold (OGC.TO) reported high-grade drill results from the Wharekirauponga project in New Zealand, including 14.9 meters at 16.3 grams per tonne gold. OR Royalties owns a 2.0% NSR royalty on the project.

BMO Lifts Osisko Metals' Price Target to US$2.50 from US$1.75

BMO Capital Markets on Wednesday maintained its outperform rating on the shares of Osisko Metals (OM.TO) while raising its price target to US$2.50 from US$1.75.BMO said the increase in copper resources at Osisko's Gaspe project in Quebec sets a trajectory for a larger development than previously justified."In our opinion, the track record of the province of Quebec supporting mining development suggests additional power will be made available to optimize development of the project," BMO said.BMO noted that Osisko's 50,00-meter drilling program for 2026 is extending the project to the south and southwest, positioning the project for more growth.

Osisko Metals Increases Mineral Resources at Gaspe Copper Project

Osisko Metals (OM.TO) on Tuesday said it has updated a mineral resource estimate for the Gaspe copper project in Quebec showing a 119% increase in mineral resources.The updated MRE includes base case, pit-constrained resources comprising 1.83 billion tonnes averaging 0.27% copper of measured and indicated (M&I) categories and 239 million tonnes averaging 0.41% copper of inferred category.The M&I resource outlines one of the largest undeveloped copper molybdenum deposits in North America at 10.8 billion pounds of contained copper, 673 million pounds of molybdenum and 93 million ounces of silver.Inferred resources outline the potential for an additional 2.2 billion pounds of contained copper, 83 million pounds of molybdenum and 14 million ounces of silver.This MRE is the result of higher long-term copper price estimates, geological reinterpretation of the deposit that has allowed for extension of the mineralized system to the south, and reduction of cut-off grade from 0.12% copper to 0.09% copper.

Osisko Metals Announcing "Significant" Increase in Mineral Resources at Gaspe Copper