Osisko Development Corp. (ODV) Announces $125M Bought Deal Offering

Osisko Development Corp. (NYSE:ODV) is among the 11 Best Gold Stocks to Buy for 2026.

On January 27, 2026, TheFly reported that Osisko Development Corp. (NYSE:ODV) announced a $125 million bought deal financing on behalf of a syndicate. National Bank Capital Markets, RBC Capital Markets, and Cantor are serving as co-lead underwriters and co-bookrunners. The underwriters decided to spend $125 million in gross proceeds for 35.31 million common shares at a price of $3.54 each. The Cariboo Gold Project’s infill conversion drilling, in-depth exploration, and general operating capital are all to be funded by net proceeds.

Separately, Osisko Development Corp. (NYSE:ODV) reported on January 23, 2026, that an isolated event at the Cariboo Gold Project in central British Columbia, Canada, on January 22 resulted in the death of a surface contractor. As stated by the company, an investigation into the occurrence is in progress, and the relevant authorities were swiftly contacted. Project operations have been put on hold for the time being so that the inquiry can continue. The incident’s facts and the anticipated length of the suspension were not further explained by the company.

Osisko Development Corp. (NYSE:ODV) is involved in the purchase and exploration of mineral deposits.

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Disclosure: None. This article is originally published at Insider Monkey.