Osisko Metals grants 12.5M RSUs, 1.75M DSUs
2025-01-20 09:17 ET – News Release
Mr. Robert Wares reports
OSISKO METALS ANNOUNCES AWARD GRANTS
Osisko Metals Inc. has granted: (i) an aggregate 12.5 million restricted share units of the company (RSUs) to certain executive directors and officers of the company; and (ii) an aggregate of 1.75 million deferred share units of the company (DSUs) to certain independent directors of the company.
All RSUs are scheduled to vest on the third anniversary of the date of grant, and all DSUs are scheduled to vest upon the applicable recipient ceasing to be a director or officer of the company, in each case subject to the terms of a newly adopted omnibus incentive plan and applicable award agreements and the policies of the TSX Venture Exchange. All RSUs and DSUs granted under the plan may only be settled in cash until such time as the plan and related grants have been approved by the shareholders of the company and the exchange.
About Osisko Metals Inc.
Osisko Metals is a Canadian exploration and development company creating value in the critical-metals sector, with a focus on copper and zinc. The company acquired a 100-per-cent interest in the past-producing Gaspe copper mine from Glencore Canada Corp. in July, 2023. The Gaspe copper mine is located near Murdochville in Quebec’s Gaspe Peninsula. The company is currently focused on resource expansion of the Gaspe copper system, with current indicated mineral resources of 824 million tonnes grading 0.34 per cent copper equivalent and inferred mineral resources of 670 million tonnes grading 0.38 per cent copper equivalent (in compliance with National Instrument 43-101). For more information, see Osisko Metals’ Nov. 14, 2024, news release. Gaspe hosts the largest undeveloped copper resource in Eastern North America, strategically located near existing infrastructure in the mining-friendly province of Quebec.
In addition to the Gaspe copper project, the company is working with Appian Capital Advisory LLP through the Pine Point Mining Ltd. joint venture to advance one of Canada’s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of indicated mineral resources of 49.5 million tonnes at 5.52 per cent zinc equivalent and inferred mineral resources of 8.3 million tonnes at 5.64 per cent zinc equivalent (in compliance with NI 43-101). For more information, see Osisko Metals’ June 25, 2024, news release. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.
We seek Safe Harbor.
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