Category: Canada

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VANCOUVER, British Columbia and ROAD TOWN, British Virgin Islands, Oct. 28, 2024 (GLOBE NEWSWIRE) — Bluestone Resources Inc. (“Bluestone”) (TSXV:BSR | OTCQB:BBSRF) and Aura Minerals Inc. (“Aura”) (TSX:ORA | B3:AURA33 |OTCQX:ORAAF), are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Aura will acquire all of the issued and outstanding common shares of Bluestone (the “Bluestone Shares”) by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement” or “Transaction”).

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Transaction Highlights

• Aura will be acquiring a 100% interest in Bluestone’s Cerro Blanco gold project (“Cerro Blanco”) and the adjacent Mita Geothermal project (“Mita Geothermal”).
• Bluestone valued at approximately C$ 0.50 per Bluestone Share, representing a 51% premium to spot and a 40% premium to the volume weighted average price (“VWAP) of the Bluestone Shares on the TSX Venture Exchange (the “TSXV”) for the 25 day period ending October 24^th, 2024, to be paid in a combination of cash or Aura shares on closing and a contingent value right (“CVR”), representing a total enterprise value of up to US$74.3 million.ⁱ
• Pursuant to the Transaction, for each Bluestone share held, Bluestone shareholders will be able to elect to receive upfront consideration on closing consisting of either: (i) a cash payment of C$0.287; or (ii) 0.0179 of an Aura common share, subject to proration; or a combination of both. The upfront consideration will be subject to maximum aggregate Aura shares issuable of 1,363,272 (representing 50% of the upfront consideration).
• Bluestone shareholders will also receive a CVR providing the holder thereof with the potential to receive a cash payment of up to an aggregate amount of C$0.2120, for each Bluestone share, payable in three equal annual installments upon Cerro Blanco achieving commercial production.
• The Transaction was unanimously approved by Bluestone’s Board of Directors and by Aura’s Board of Directors.
• The Transaction will be subject to the approval by Bluestone securityholders at a special meeting of Bluestone securityholders and subject to the receipt of certain regulatory, court, TSXV and Toronto Stock Exchange (“TSX”) approvals, and other closing conditions customary in transactions of this nature.

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Cerro Blanco is a near surface high grade gold deposit, in Jutiapa, Guatemala. An N.I. 43-101 technical report on the project was produced and filed in April 2022. The Mita Geothermal project is an advanced-stage, renewable energy project licensed to produce up to 50 megawatts of power. As previously disclosed by Bluestone, on June 17, 2024, Bluestone received a notice from the Guatemalan Ministry of Environment (“MARN”) challenging the approval procedure that approved the surface mining method for Cerro Blanco. Bluestone has the view that environmental permit amendment met and exceeded the terms of reference provided by the MARN, and it adhered to Guatemalan law. Aura intends, upon closing of the transaction, to evaluate the alternatives for a future potential development of Cerro Blanco.

Rodrigo Barbosa, CEO of Aura, stated, “Cerro Blanco stands as a world-class deposit that has encountered both social and institutional hurdles. We are confident that, along the next few years, by integrating it with Aura’s 360 vision, we can refine our strategic approach to make Cerro Blanco another flagship project that exemplifies the utmost respect for social and environmental responsibilities while delivering value to all stakeholders.”

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Peter Hemstead, President, CEO, and Board Chair of Bluestone Resources, added: “After a fulsome Strategic Review Process, the acquisition by Aura provides the best outcome for Bluestone shareholders and to further advance the Cerro Blanco gold project and Mita geothermal project. The Transaction presents shareholders with a choice to maintain exposure to Cerro Blanco through a proven Latin America mine developer and producer with a strong balance sheet or elect cash. Aura is a well established Latin American producer with a track record of development and has the financial capacity to advance and unlock potential value from Cerro Blanco.”

Benefits to Bluestone Shareholders

• Total consideration premium of 40% to the 25-day VWAP of Bluestone Shares on the TSXV as of October 24, 2024.
• Partnership with an established multi‐mine producer and developer with last twelve-month production of 270,000 gold equivalent ounce (“GEO”), of which about 25% from copper production, and with a plan to achieve 450,000 GEO with a common operating philosophy and record of fiscal discipline, high ESG standards and a proven history of shareholder value creation.
• Aura has seamlessly integrated its operations in the local communities in which it operates. Aura has developed and is operating mines in Honduras, Mexico, and Brazil. It owns a significant operation 230 km from Cerro Blanco in Honduras, which provides a deep understanding of the local environment, a crucial factor for the successful development of the Cerro Blanco ore body.
• Bluestone shareholders have the option to receive either (i) a cash payment of C$0.287 for each Bluestone Share held; or (ii) 0.0179 of an Aura common share for each Bluestone Share held, subject to pro-ration; or a combination of both.
• The CVR consideration provides additional exposure to the development of Cerro Blanco in the form of future contingent cash payments subject to Cerro Blanco achieving commercial production thresholds.
• Aura has the financial capacity to finance the development of Cerro Blanco with minimal or no future dilution. Its Latin American experience, strong balance sheet, and robust free cash flow generation support the company’s development and exploration initiatives while still paying dividends.
• Meaningful ongoing exposure to future value catalysts across the combined asset portfolio, including Aura’s assets and Bluestone’s Cerro Blanco gold project.

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Benefits to Aura Shareholders

• Reinforces Aura’s growth pipeline to go beyond 450,000 GEO in the next few years, including a mix of gold and copper (in the last twelve months, about 25% Aura’s revenues came from copper production), with a new potential flagship asset in line with Aura’s strategy to continue to build its business.
• Potential for a significant increase in the Mineral Resources base of Aura.
• Potential synergies as Cerro Blanco is approximately 230 km from the Minosa operating mine in Honduras and Aura’s extensive Latin American presence and knowledge.
• Aura to work in partnership with local stakeholders to develop Cerro Blanco.

Transaction Details

The Transaction will be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The Transaction will be subject to the approval of: (i) at least 66-⅔% of the votes cast by holders of Bluestone Shares; (ii) 66-⅔% of the votes cast by holders of Bluestone Shares and options, voting together as a single class; and (iii) “minority approval” in accordance with Multilateral Instrument 61-101, at a special meeting of Bluestone securityholders to be held to consider the Transaction (the “Special Meeting”). In addition to Bluestone securityholder approval, the Transaction is also subject to the receipt of certain regulatory, court, TSXV and TSX approvals, and other closing conditions customary in transactions of this nature.

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The Arrangement Agreement includes customary deal protections, including a non-solicitation covenant on the part of Bluestone (subject to customary fiduciary out provisions) and a right for Aura to match any competing offer that constitutes a superior proposal. The Arrangement Agreement includes a termination fee of US$2 million, payable by Bluestone under certain circumstances.

All officers and directors of Bluestone, along with Nemesia S.à.r.l. and CD Capital Natural Resources Fund III LLP, owning in aggregate approximately 39% of the outstanding Bluestone Shares, have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their Bluestone Shares in favour of the Transaction.

Full details of the Transaction will be included in the management information circular of Bluestone, expected to be mailed to shareholders and filed on www.sedarplus.ca. Closing is expected to occur in January 2025, subject to satisfaction of the conditions to closing.

Board of Directors and Special Committee Recommendations

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The Arrangement Agreement has been unanimously approved by the Board of Directors of Bluestone, following the unanimous recommendation of a Special Committee of independent directors of Bluestone (the “Special Committee”). Bluestone’s Board of Directors unanimously recommend that the Bluestone securityholders vote in favour of the Transaction.

GenCap Mining Advisory Ltd. has provided an opinion to the Special Committee and Board of Directors of Bluestone, stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be paid under the Transaction is fair, from a financial point of view to the Bluestone shareholders.

Advisors and Counsel

GenCap Mining Advisory Ltd. is acting as financial advisor to the Special Committee. Blake, Cassels & Graydon LLP is acting as Canadian legal advisor to Bluestone and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as U.S. legal advisor to Bluestone. Stikeman Elliott LLP is acting as legal advisor to the Special Committee.

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Gowling WLG (Canada) LLP is acting as Canadian legal advisor to Aura and Dorsey & Whitney LLP is acting as U.S. legal advisor to Aura.

About Aura Minerals Inc.

Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360 Mining. Aura is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The Company has 4 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San Andres) gold mine in Honduras. The Company’s development projects include Borborema, currently in construction and Matupá both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights and is currently advancing multiple near-mine and regional targets along with the Aura Carajas copper project in the prolific Carajás region of Brazil.

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About Bluestone Resources Inc.

Bluestone Resources is a Canadian-based precious metals exploration and development company focused on opportunities in Guatemala. The Company’s flagship asset is the Cerro Blanco gold project, a near surface mine development project located in Southern Guatemala in the department of Jutiapa. The Company trades under the symbol “BSR” on the TSX Venture Exchange and “BBSRF” on the OTCQB.

Forward-Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements”, as such terms are defined under applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements can be identified by the use of words and phrases such as “plans”, “expects” ,“is expected”, “budget”, “scheduled,” “estimates”, “forecasts”, “intends”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements herein include, but are not limited to, the expected benefits of the Arrangement, statements with respect to the consummation and timing of the Transaction; approval by Bluestone’s shareholders; the satisfaction of the conditions precedent of the Transaction; timing, receipt and anticipated effects of court, regulatory and other consents and approvals and the strengths, characteristics and potential of the Transaction. These forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors, many of which are beyond Aura’s ability to predict or control and could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to Aura’s most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, volatility in the prices of gold, copper and certain other commodities, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements.

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All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.  

ⁱ Estimated net debt on transaction close of US$20 million.

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BOLTON, Ontario, Oct. 25, 2024 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services throughout North America, is pleased to announce that it has been recognized in The Globe and Mail’s 2024 Report on Business of Canada’s Top Growing Companies for the fourth consecutive year.

The rankings are based on the three-year revenue growth of a company, and in 2024, Titanium was ranked 297^th, posting growth of 119% in the last three years.

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Ted Daniel, Chief Executive Officer, Titanium Transportation Group noted, “We are proud to have received this honor for the fourth consecutive year, a testament to our unwavering commitment to executing our strategic plan. This achievement highlights our ability to deliver consistent, profitable growth despite persistent industry-wide challenges. It reflects the exceptional quality of our team and our company’s dedication to profitability, prudent cash management, scaling for future growth, and generating value for our shareholders.”

Launched in 2019, the Canada’s Top Growing Companies ranking program aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent business in Canada. To qualify for this voluntary program, companies had to complete an in-depth application process and fulfil certain requirements. In total, 416 companies made the ranking in 2024.

The full list of 2024 winners has been published in the October issue of Report on Business magazine. The list is available online at tgam.ca/TopGrowing

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For more details, visit Titanium’s investor relations website at https://www.ttgi.com/investors

About Titanium

Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States, with approximately 900 power units, 3,000 trailers and 1,300 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, logistics, and warehousing and distribution to over 1,000 customers. Titanium has established both asset-based and brokerage operations in Canada and the U.S. with eighteen (18) locations. Titanium is a recognized purchaser of asset-based trucking companies, having completed thirteen (13) transactions since 2011. Titanium ranked among top 500 companies in the inaugural Financial Times Americas’ Fastest Growing Companies in 2020. The Company was ranked by Canadian Business as one of Canada’s Fastest Growing Companies for eleven (11) consecutive years. For four (4) consecutive years, Titanium has also been ranked one of Canada’s Top Growing Companies by the Globe and Mail’s Report on Business of Canada. Titanium is listed on the Toronto Stock Exchange under the symbol “TTNM” and “TTNMF” on the OTCQX.

Contact Information

Titanium Transportation Group Inc.
Ted Daniel, CPA, CA
Chief Executive Officer
(905) 266-3011
ted.daniel@ttgi.com
www.ttgi.com

For Investors

James Bowen
416-519-9442
James.Bowen@loderockadvisors.com

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Announcement includes planned expansion of New Flyer’s production capacity and zero-emission bus offering

WINNIPEG, Manitoba, Oct. 25, 2024 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary New Flyer Industries Canada ULC (New Flyer), today announced an initiative to expand New Flyer’s Winnipeg manufacturing capability to allow for complete manufacturing of heavy-duty transit buses in Canada and an increased offering of zero-emission buses (the “Project”).

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The Project will repurpose existing space at its Winnipeg production facility and the lease of a new finishing facility for final vehicle commissioning, expanding New Flyer’s production capacity by up to 240 equivalent units¹ per annum by 2027. The investment will allow New Flyer to manufacture zero-emissions buses, including battery-electric, fuel-cell electric, and trolley-electric buses for the Canadian market.

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¹ NFI’s transit bus production is measured in, or based on, “equivalent units” (or “EUs”). One EU represents one production “slot”, being one 35- foot or 40-foot one transit bus, while an articulated 60’ transit bus represents two EUs.

The Government of Manitoba and Prairies Economic Development Canada (PrairiesCan) are supporting the Project that will create up to 250 new direct green jobs at NFI and expand Manitoba’s Green Economy. Manitoba’s contribution includes a C$10 million investment alongside additional cash flow provided by a two-year interest reduction on NFI’s current C$50 million provincial loan. PrairiesCan will provide a C$15 million repayable contribution through its Business Scale Up and Productivity Program as part of PrairiesCan’s Framework to Build a Green Prairies Economy.

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NFI will be co-investing in the project alongside the Province and PrairiesCan, to support facility upgrades, zero-emission bus testing, working capital, project administration, and operational costs. Construction activities are starting immediately with the first bus builds taking place in the fourth quarter of 2025, with a continued ramp up through 2026 before achieving the full 240 equivalent unit run rate in 2027.

“Today’s announcement is a major milestone for NFI as it allows us to complete full buses in Canada for the first time in nearly fifteen years. I would like to thank our partners at the Province of Manitoba and PrairiesCan for their commitment and financial support that will help enhance Manitoba’s Green economy,” said Paul Soubry, President and CEO, NFI. “These funds will be strategically invested alongside our own capital to expand our production capacity and increase our zero-emissions transit bus offerings, which will create new jobs and help create more livable North American communities.”

“This project is about putting a ‘Made in Canada’ stamp on the low-carbon economy. Here in Manitoba blue-collar workers are part of the transition to a net zero future, and it’s companies like NFI that are leading the charge,” said Premier Wab Kinew. “We’re pleased to partner with the federal government to get this All-Canadian Build facility done so we can continue to put Manitoba at the cutting edge of zero emission transportation technology.”  

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“This is a significant step forward by NFI Group. Increasing manufacturing capacity in the zero-emission heavy-duty vehicle sector is good news for Canada and solidifies Manitoba’s leadership in this field. This project is an example of collaboration under the Green Prairie Economy Framework to deliver solutions to build a strong and sustainable economy across the Prairies,” said The Honourable Dan Vandal, Minister for PrairiesCan.

“Demand for zero-emission transit buses in our core markets is at record levels, driven by the transition of transit fleets to zero emission buses in Canadian cities to meet national emission reduction goals,” said Chris Stoddart, President, North American Bus and Coach. “Not only will this project allow for full Canadian bus builds, but it will also free up U.S. capacity, to service even more U.S. customers across our network.”

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 180 million EV service miles.

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About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With over 8,750 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer^® (heavy-duty transit buses), MCI^® (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

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About New Flyer

New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior^® and Xcelsior CHARGE^® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

Forward-Looking Statement

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including the risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca. Due to the potential impact of these factors NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

For media and investor inquiries, please contact:
Stephen King
P: 204.792.1300
Stephen.King@nfigroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e57bb64-0e19-400b-83af-70b036114b05

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TORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) —  Osisko Mining Inc. (“Osisko“) (TSX:OSK) is pleased to announce the successful completion of its previously announced plan of arrangement transaction (the “Arrangement“), pursuant to which, among other things, Gold Fields Limited, through a 100% owned Canadian subsidiary, Gold Fields Windfall Holdings Inc., acquired all of the issued and outstanding common shares of Osisko (the “Shares“).

Osisko’s Chairman and Chief Executive Officer, John Burzynski, commented:

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“This premium transaction represents a strong and near-term outcome for our shareholders and is reflective of the truly world class nature of the Windfall Project. In the span of nine years, we’ve transformed Windfall into one of the largest and highest-grade gold development projects globally, and this transaction is a testament to the extraordinary entrepreneurial effort of the Osisko Mining team. Gold Fields is a globally diversified senior gold producer with an impressive track record of successfully building and operating mines. As our (now former) joint venture partner at Windfall, Gold Fields knows the asset well and understands the significance of the strong relationships that we have built in Québec with all of our stakeholders. Moreover, Gold Fields share our core principles of operating in a safe, inclusive and socially responsible manner. They are well suited to take Windfall into production and we wish them all the best going forward.”

Under the terms of the Arrangement, each former shareholder of Osisko is entitled to receive C$4.90 for each Share (the “Consideration“) held immediately prior to the effective time of the Arrangement. A Final Order approving the Arrangement was granted by the Ontario Superior Court of Justice on October 22, 2024. The Arrangement became effective earlier today.

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Former registered shareholders of Osisko are reminded that, in order to receive the Consideration to which they are entitled under the Arrangement, they must complete, sign and return the letter of transmittal to TSX Trust Company, in its capacity as depositary under the Arrangement, together with their certificate(s) or DRS advice(s) representing their Shares. If you have any questions or require further information regarding the procedures for receiving the Consideration, please contact TSX Trust Company: (i) by telephone at 1-866-600-5869 (North American Toll Free) or 416-342-1091 (Outside North America); (ii) by facsimile at 416-361-0470; (iii) by email at tsxtis@tmx.com; or (iv) online at www.tsxtrust.com/issuer-and-investor-services.

Former non-registered shareholders should receive the Consideration to which they are entitled under the Arrangement directly in their brokerage accounts. Non-registered shareholders should contact their broker or other intermediary if they have any questions or require further information regarding the procedures for receiving the Consideration to which they are entitled under the Arrangement.

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As a result of the completion of the Arrangement, the Shares are expected to be delisted from the Toronto Stock Exchange within two business days of closing. Osisko intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations. Each of the directors and senior officers of Osisko have resigned from their respective positions with Osisko upon completion of the Arrangement.

Further details regarding the Arrangement are set out in Osisko’s management information circular dated September 6, 2024 which is available on SEDAR+ (www.sedarplus.ca) under Osisko’s issuer profile.

Advisors

Maxit Capital LP and Canaccord Genuity Corp. acted as financial advisors to Osisko. Bennett Jones LLP acted as legal advisor to Osisko. Fort Capital Partners acted as financial advisor to the special committee of independent directors of Osisko (the “Special Committee“). Cassels Brock & Blackwell LLP acted as independent legal advisors to the Special Committee.

About
Osisko

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada.

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About Gold Fields

Gold Fields is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada. Gold Fields shares are listed on the Johannesburg Stock Exchange (JSE) and its American depositary shares trade on the New York Exchange (NYSE).

Cautionary Statement
Regarding
Forward-Looking
Statements

This news release may contain forward-looking statements (within the meaning of applicable securities
laws)
which
reflect
Osisko’s
current
expectations
regarding
future
events.
Forward-looking statements
are
identified
by
words
such
as
“believe”,
“anticipate”,
“project”,
“expect”,
“intend”,
“plan”, “will”,
“may”,
“estimate” and other similar expressions. The forward-looking statements in this news release
include
all statements that are not historical fact. The
forward-looking
statements
in
this
news
release
are
based
on
a
number
of
key
expectations
and assumptions
made
by
Osisko
including,
without
limitation: the timing and ability of Osisko to cause the Shares of Osisko to be delisted from the Toronto Stock Exchange; and the timing and ability of Osisko to obtain an order that it has ceased to be a reporting issuer and to terminate its public reporting requirements. Although
the
forward-looking
statements contained
in
this news
release
are
based
on
what Osisko’s
management
believes
to
be
reasonable
assumptions,
Osisko
cannot
assure
investors
that actual results will be consistent with such statements. The forward-looking statements in
this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ
materially
from
the
results
discussed
in
the
forward-looking
statements.
Such factors
include,
among others: currency fluctuations; disruptions or changes in the credit or security markets; results of operations; and general developments, market and industry conditions.
Additional
factors are identified in Osisko’s annual information form for the year ended December
31, 2023 and most recent Management’s Discussion and Analysis, each of which is available on SEDAR+ (www.sedarplus.ca) under Osisko’s issuer profile. Readers,
therefore,
should
not
place
undue
reliance
on
any
such
forward-looking
statements.
These forward-looking statements are made as of the date of this news release
and,
except
as
expressly
required
by
applicable
law,
Osisko
assumes no
obligation
to
publicly
update or
revise
any
forward-looking
statement, whether as a
result
of
new information, future events or otherwise.

Contact
Information:

John Burzynski
Chairman & Chief Executive Officer
(416) 363-8563

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