UPDATE: Osisko Critical Minerals Corporation Announces C$100 Million Private Placement of Special Warrants
Osisko Critical Minerals Corporation (OCMC), a newly incorporated wholly-owned subsidiary of Osisko Metals, announced a best efforts private placement of special warrants at $0.25 for gross proceeds of C$100 million, led by Canaccord Genuity as sole bookrunner. Each special warrant converts into one unit of one OCMC common share plus one-half warrant, with whole warrants exercisable at $0.35 for 24 months. Closing is expected on or about November 17, 2026, conditional on a final prospectus and TSX Venture Exchange conditional listing approval within 180 days.
Key figures
- Deal Value Usd
- C$100,000,000
- Offering Price
- 0.25
- Instrument
- special warrants
- Warrant term
- 24 months following closing
- Property area
- approximately 645 square kilometres
- Gross proceeds
- C$100,000,000
- Expected closing
- on or about November 17, 2026
- Unit composition
- one common share plus one-half warrant per special warrant
- Option agreements
- 3 (dated Jan 9, 2026; Apr 20, 2026; Sep 9, 2026)
- Mineral claim units
- 2972
- Warrant exercise price
- 0.35
- Release condition deadline
- 180 days following closing
AI analysis
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