Osisko Critical Minerals Corporation has launched a $100 million best-efforts private placement of special warrants priced at $0.25 each to fund exploration and development across its property portfolio in New Brunswick.

Led by Canaccord Genuity Corp. as lead agent and sole bookrunner, the financing will issue special warrants that automatically convert into units consisting of one common share and one-half of a purchase warrant. Whole warrants will be exercisable at $0.35 per share for 24 months following the closing date. The offering is expected to close on or about November 17, 2026, subject to customary conditions including receipt of a qualifying prospectus and conditional approval from the TSX Venture Exchange within 180 days.

The newly incorporated entity was established as a wholly-owned subsidiary of Osisko Metals Incorporated to hold its New Brunswick mineral exploration assets, allowing the parent company to concentrate on advancing its flagship Gaspé Copper mine in Québec. The New Brunswick properties comprise 2,972 mineral claim units covering approximately 645 square kilometres, which will be assigned to Osisko Critical Minerals Corporation in exchange for common shares alongside three underlying option agreements.

Incoming Chief Executive Officer John Burzynski noted strong early demand for the new vehicle.

“We are have had a tremendous reception for OCMC in the capital markets, and the strong investor interest in our new critical minerals company reflects confidence in our exploration portfolio and the significant opportunity we see in New Brunswick. We look forward to completing this offering to capitalize this new venture and to advancing our aggressive exploration program on these highly prospective copper assets.”
— John Burzynski, Incoming CEO

Read the full announcement: Osisko Critical Minerals Corporation Announces C$100 Million Private Placement of Special Warrants