www.osiskodev.com<\/a> or contact:<\/p>\nCAUTION REGARDING FORWARD-LOOKING STATEMENTS<\/p>\n
All statements, other than statements of historical fact, contained in this news release, including any information as to the future financial or operating performance of Osisko Development, constitute \u201cforward-looking information\u201d or \u201cforward-looking statements\u201d within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the \u201csafe harbor\u201d provisions under the United States Private Securities Litigation Reform Act of 1995 and are based on the expectations, estimates and projections of management as of the date of this news release, unless otherwise stated. Forward-looking statements contained in this presentation include, without limitation, statements with respect to the completion and timing of the sale of San Antonio; estimated total cash or share consideration from the sale of San Antonio; the schedule of deferred payments; limitations on Osisko Development’s ability to sell Axo Shares. Phrases or statements that certain actions, events or results may, could, should or will be achieved, received or taken, or will occur or result and similar such expressions identify forward-looking statements. The words \u201cestimate\u201d, or \u201cexpects\u201d or variations of or similar such words and phrases or statements that certain actions, events or results may, could, should or will be achieved, received or taken, or will occur or result and similar such expressions identify forward-looking statements. Forward-looking statements are, necessarily, based upon a number of estimates and assumptions that, while considered reasonable by Osisko Development as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Osisko Development contained in this news release, which may prove to be incorrect, include, but are not limited to: (i) that the parties will complete the acquisition and the Company will receive the consideration payable in accordance with, and on the timeline contemplated by, the terms and conditions of the relevant agreements, on a basis consistent with our expectations; and (ii) that, in the event any deferred payment is not paid to Osisko Development, it will be able to enforce its rights under the relevant agreements in a manner consistent with its expectations. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, including the risk that the sale transaction will not be completed for any reason and that the contingent deferred payments are actually paid to Osisko Development. Forward-looking statements are provided for the purpose of providing information about management\u2019s expectations and plans relating to the future. All of the forward-looking statements made in this news release are qualified by this cautionary statement and those made in our other filings with the securities regulators of Canada and the United States including, but not limited to, the cautionary statements made in the \u201cRisk Analysis\u201d section of our MD&A for the three and nine months ended September 30, 2025 and the Annual Information Form dated March 28, 2025. These factors are not intended to represent a complete list of the factors that could affect Osisko Development. Osisko Development disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.<\/p>\n
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.<\/p>\n
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\n FAQ
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What did Osisko Development announce on Nov 24, 2025 about the San Antonio project (ODV)?<\/p>\n
\n Osisko announced a sale of its 100% interest in San Antonio to Axo under a Purchase Agreement dated Nov 21, 2025 with equity and contingent cash\/share consideration.
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How many Axo shares will Osisko receive on closing of the San Antonio sale (ODV)?<\/p>\n
\n Osisko will receive 15,305,536 Axo common shares or a number that results in a 9.99% ownership on a non-diluted basis.
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What contingent payments does Osisko get from Axo after the San Antonio transaction (ODV)?<\/p>\n
\n Contingent payments include 70% of any Mexican VAT refund, US$2M on an NI 43-101 feasibility filing, US$2M on first gold pour, and share issuances tied to equity raises \u2265US$10M.
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Are there holding or resale restrictions on the Axo shares Osisko receives (ODV)?<\/p>\n
\n Yes. Osisko agreed to hold the Axo shares for at least 12 months and to comply with additional conditions until 24 months after closing.
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Is the San Antonio project material to Osisko Development (ODV)?<\/p>\n
\n No. The company stated San Antonio is not considered a material property and has been in care and maintenance since Q3 2023.
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<\/p>\n","protected":false},"excerpt":{"rendered":"
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