Osisko Development Corp. (Osisko Development) announced a US$650 million debt and equity financing package to support the development and construction of its fully-permitted Cariboo Gold Project located in Wells, British Columbia.

This follows the US$203 million private placement equity financing completed on August 15, 2025, including a brokered private placement of approximately US$120 million led by BMO Capital Markets and RBC Capital Markets, and a non-brokered private placement of approximately US$83 million.

Bennett Jones is acting as legal advisor to Osisko Development with a team led by Sander Grieve KC and Andrew Disipio (Capital Markets, Mining), alongside Simon Grant (Banking & Secured Transactions), Gatlin Smeijers (Environmental and Regulatory) and Mark Lewis (Commercial Real Estate), with a team that includes Yohanna Laurensia, Olivier Caron, Oscar Crawford-Ritchie and Asif Zalfackruddin (Capital Markets, Mining), Fatima Kawar, Kalkidan Legesse and Sophie Schaffer-Wood (Banking & Secured Transactions), Helen Cassie and Hannah Johnston (Commercial Real Estate).