Latest news with #GaspéCopper
Yahoo
30-05-2025
- Business
- Yahoo
Osisko Metals Announces Voting Results of Annual and Special Meeting of Shareholders
MONTRÉAL, May 29, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) announces the results of its annual and special meeting of shareholders of the Company (the "Meeting") held earlier today. A total of 290,548,699 common shares of the Company ("Common Shares") were represented, in person or by proxy, at the Meeting, representing approximately 47.67% of the total issued and outstanding Common Shares as of the record date of the Meeting. All matters presented for shareholder approval at the Meeting were overwhelmingly approved as follows: Setting the board size at nine (over 99% in favour); Electing Robert Wares, John Burzynski, Jeff Hussey, Amy Satov, Cathy Singer, Donald Siemens, Peter Wright, Patrick F.N. Anderson, and Tara Christie as directors of the Company (over 99% in favour of each director); Appointing PricewaterhouseCoopers LLP as auditor of the Company and authorizing directors to fix their remuneration (over 99% in favour); Authorizing and approving the continuance of the Company from British Columbia to Ontario and adopting a new by-law upon such continuance (over 95% in favour); Authorizing the board of directors to set the number of directors of the Company in accordance with Section 125(3) of the Business Corporations Act (Ontario), conditional upon the effectiveness of the continuance into Ontario (over 95% in favour); Approving certain prior grants of restricted share units and deferred share units (over 99% of disinterested shareholders in favour); and Approving the Company's omnibus equity incentive plan (the "Omnibus Plan") (over 99% in favour). The Omnibus Plan was adopted by the board of directors of the Company on January 17, 2025. The Omnibus Plan is a fixed 10% plan and provides for the grant of options, restricted share units, performance share units and deferred share units. The aggregate maximum number of Common Shares reserved for issuance pursuant to the Omnibus Plan is 60,956,063 Common Shares (less any Common Shares reserved for issuance under other share compensation arrangements of the Company). The Omnibus Plan has received conditional acceptance from the TSX Venture Exchange. For more details regarding the matters presented at the Meeting, please refer to the management information circular dated April 9, 2025, which is accessible on SEDAR+ ( under the Company's issuer profile and on the Company's website at About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec's Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada's largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Robert Wares, Chief Executive Officer of Osisko Metals IncorporatedEmail: info@ (514) 861-4441 Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the anticipated resource expansion of the Gaspé Copper system; Gaspé Copper hosting the largest undeveloped copper resource in eastern North America; and the advancement of the Pine Point project. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Osisko Metals Announces Voting Results of Annual and Special Meeting of Shareholders
MONTRÉAL, May 29, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) announces the results of its annual and special meeting of shareholders of the Company (the "Meeting") held earlier today. A total of 290,548,699 common shares of the Company ("Common Shares") were represented, in person or by proxy, at the Meeting, representing approximately 47.67% of the total issued and outstanding Common Shares as of the record date of the Meeting. All matters presented for shareholder approval at the Meeting were overwhelmingly approved as follows: Setting the board size at nine (over 99% in favour); Electing Robert Wares, John Burzynski, Jeff Hussey, Amy Satov, Cathy Singer, Donald Siemens, Peter Wright, Patrick F.N. Anderson, and Tara Christie as directors of the Company (over 99% in favour of each director); Appointing PricewaterhouseCoopers LLP as auditor of the Company and authorizing directors to fix their remuneration (over 99% in favour); Authorizing and approving the continuance of the Company from British Columbia to Ontario and adopting a new by-law upon such continuance (over 95% in favour); Authorizing the board of directors to set the number of directors of the Company in accordance with Section 125(3) of the Business Corporations Act (Ontario), conditional upon the effectiveness of the continuance into Ontario (over 95% in favour); Approving certain prior grants of restricted share units and deferred share units (over 99% of disinterested shareholders in favour); and Approving the Company's omnibus equity incentive plan (the "Omnibus Plan") (over 99% in favour). The Omnibus Plan was adopted by the board of directors of the Company on January 17, 2025. The Omnibus Plan is a fixed 10% plan and provides for the grant of options, restricted share units, performance share units and deferred share units. The aggregate maximum number of Common Shares reserved for issuance pursuant to the Omnibus Plan is 60,956,063 Common Shares (less any Common Shares reserved for issuance under other share compensation arrangements of the Company). The Omnibus Plan has received conditional acceptance from the TSX Venture Exchange. For more details regarding the matters presented at the Meeting, please refer to the management information circular dated April 9, 2025, which is accessible on SEDAR+ ( under the Company's issuer profile and on the Company's website at About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec's Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada's largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Robert Wares, Chief Executive Officer of Osisko Metals IncorporatedEmail: info@ (514) 861-4441 Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the anticipated resource expansion of the Gaspé Copper system; Gaspé Copper hosting the largest undeveloped copper resource in eastern North America; and the advancement of the Pine Point project. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
27-05-2025
- Business
- Hamilton Spectator
Murray Brook Minerals, Puma's Subsidiary, Closes $220,000 Private Placement
RIMOUSKI, Quebec, May 27, 2025 (GLOBE NEWSWIRE) — Puma Exploration Inc. (TSXV: PUMA) ('Puma'), announces that its subsidiary, Murray Brook Minerals Inc. ('MBM' or 'Murray Brooks Minerals') has closed a non-brokered offering consisting of 4,400,000 flow-through common shares (the 'FT Shares') of MBM at a price of C$0.05 per FT Share for aggregate gross proceeds of $220,000 (the 'FT Offering'). Following the FT Offering, Murray Brook Minerals has now 28,044,165 common shares issued and outstanding, with no warrants or options. Puma holds 23,644,165 common shares of MBM, representing approximately 84.3% of its issued and outstanding shares. The proceeds of the FT Offering will be used to advance the Legacy Project, a copper and silver asset, previously held by Puma and contiguous to Puma's McKenzie Gold Project in Northern New Brunswick. As part of Puma's successful DEAR strategy, the Murray Brook Minerals business model is to acquire prospective strategic and critical metals mineral properties with excellent discovery potential that a stand-alone public company can explore and develop. This business model provides Puma's investors with equity interests in another explorer and developer and exposure to other commodities while Puma continues to focus on its gold assets. As a reminder, Puma spun out in 2021 its copper assets to Canadian Copper (CSE: CCI) under an option transaction and subsequently, the Puma shareholders received common shares of CCI upon its listing on the CSE in 2022. Puma currently owns a 9.5% stake in CCI. Over the past three years, CCI has developed and grown its assets and has recently announced the results of a positive preliminary economic assessment (PEA) ( see Canadian Copper's News Release dated May 22, 2025 ). 'We are thrilled to have a brownfield project close to our New Brunswick exploration offices with a copper/silver deposit outcropping at surface. Our effective low-cost exploration technique will help generate new drill-ready targets and potentially expand the existing Legacy Deposit. As Canadian Copper in 2022, Murray Brook Minerals will develop this asset and other potential projects. With this transaction, Puma enhances shareholder valuation while minimizing dilution, ' mentioned Marcel Robillard, President and CEO of Puma Exploration. The Legacy Project The Legacy Project is contiguous to the McKenzie Gold Project in Northern New Brunswick and consists of two (2) claim blocks covering 10,100 ha (Figure 1). The property is easily accessible, located less than 15 km from St-Quentin, where Puma has its field exploration office. Figure 1. Location of the Legacy Project The underexplored Legacy Project has a high potential for discoveries. The property hosts high-grade copper-silver skarns similar to Osisko Metals' Gaspé Copper in Québec. The Legacy and Gaspé Copper projects exhibit many similarities—they are part of the same Appalachian orogenic system, are of the same age, and exhibit the same mineralization and metal associations. Legacy hosts a copper and silver deposit, the Legacy Deposit, with a historical resource estimate reported in 2015 (Independent Technical Report for the Legacy Project, Restigouche County, New Brunswick, Canada, Marek Nowak, Peng, Chris Barrett, CGeol, Tessa Scott, B.A., Effective Date: June 22, 2015 ). A Qualified Person on behalf of Puma has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. Figure 2. 3D model of the Legacy Deposit from historic resource estimate* The true thickness of the copper/silver deposit varies from 30 metres to 50 metres, with mineralization occurring over large intervals. The mineralized zone has been delineated at surface over a distance of about 200 metres and drilled to a depth of 400 metres, and it remains untested below that depth. Puma plans to complete follow-up work on the historic drill-hole intersections showing significant copper/silver mineralization over long intervals. It will also use the same proven low-cost exploration strategy, used at the Williams Brook Project, to identify new prospective targets on the property. Highlights from Historical Drilling* In 1970, drill hole No. 17 returned a continuous section of 59.34 metres @ 1.22% Cu with three (3) important copper-bearing skarn zones: 1) 3.16 % Cu over 11.28 metres from 152.40 to 163.68 metres; 2) 1.84 % Cu over 10.42 metres from 167.64 to 178.06 metres; 3) 1.22% Cu over 13.47 metres from 188.98 to 202.45 metres. The gold potential at Legacy was never assessed, although Hole MC-92-20 returned 4.00 m of 0.26% Cu, 6.08 g/t Ag, and 3.07 g/t Au from 43.00 m to 47.00 m downhole. Puma's detailed data compilation will study the metals zonation at Legacy and assess its copper/silver/gold potential. *Independent Technical Report for the Legacy Project, Restigouche County, New Brunswick, Canada, Marek Nowak, Peng, Chris Barrett, CGeol, Tessa Scott, B.A., Effective Date: June 22, 2015 . Use of Proceeds and Details The gross proceeds of the FT Shares sold under the FT Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which qualify as a 'flow-through mining expenditure' for purposes of the Income Tax Act (Canada) related to the exploration program to be conducted on properties located in the Province of New Brunswick. MBM will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2025. The proceeds of the FT Offering will be used for data compilation, issuing a new 43-101 compliant technical report, targeting, and excavation operations to locate drilling targets at Legacy. The fieldwork program will cost at least $150,000. Murray Brook Minerals paid $12,250 finders fee to arms-length finders. The FT Offering constitutes an 'Exempt Transaction' under the policies of the TSX Venture Exchange. All securities issued under the FT Offering will be subject to an indefinite hold period in accordance with applicable securities laws. About Puma's Assets in New Brunswick Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick - the Williams Brook Project and the McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault ('RBMF'), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization. Qualified Person The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr. Dominique Gagné, P. Geo., Vice President of Exploration, who is a 'Qualified Person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). About Puma Exploration Puma Exploration is a Canadian-based mineral exploration company focused on finding and growing a pipeline of precious metals projects in New Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 20 years. Puma's successful exploration methodology, which combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence, has facilitated an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants' expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results. Murray Brook Minerals (MBM) is a wholly owned subsidiary of Puma. The private company is focused on identifying prospective projects in Northern New Brunswick that could be monetized to the benefit of Puma shareholders. Puma is committed to its DEAR business model of Discovery, Exploration, Acquisition and Royalties to generate maximum value for shareholders with low share dilution. Connect with us on Facebook / X / LinkedIn . Visit for more information or contact: Marcel Robillard, President and CEO. (418) 750-8510; president@ Mia Boiridy, Head of Investor Relations. (250) 575-3305; mboiridy@ 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 release. Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to rely on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to update or revise any forward-looking statements publicly. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties. Figures accompanying this announcement are available at
