Osisko Critical Minerals seeks $100 million through New Brunswick-focused special warrant placement

  • Osisko Critical Minerals Corporation announced a $100 million private placement of special warrants.
  • Each special warrant costs $0.25 and converts into one unit after release conditions.
  • The offering is expected to close on or about November 17, 2026.

Osisko Critical Minerals Corporation, a newly incorporated and wholly owned subsidiary of Osisko Metals Incorporated, has announced a best-efforts private placement of special warrants priced at $0.25 each for gross proceeds of $100 million. Canaccord Genuity Corp. will act as lead agent and sole bookrunner for the syndicate. The financing is intended to support exploration and development of 2,972 mineral claim units covering approximately 645 square kilometres in New Brunswick, along with working capital and corporate expenses. Subject to a final qualifying prospectus and conditional TSX Venture Exchange approval within 180 days of closing, each special warrant will convert into one unit comprising one common share and half of a warrant. Each whole warrant will be exercisable at $0.35 a share for 24 months after closing. The transaction is expected to close on or about Nov. 17, 2026, although completion remains subject to legal, tax, financial, documentation and regulatory conditions. The properties include targets for copper, silver and gold and include the NB Copper Project, whose geology is described as analogous to the nearby Gaspé Copper Project. The company said John Burzynski will lead OCMC as Chief Executive Officer, while the release cautioned that the financing, listing and broader go-public transaction may not be completed.

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