Osisko Development Secures $450 Million Financing for Gold Project

Reported 1 day ago

Osisko Development Corp. has announced a $450 million project loan facility from Appian Capital Advisory to advance the Cariboo Gold Project in British Columbia. The financing includes an initial $100 million draw for immediate needs, including drilling and working capital, with additional funds available depending on project milestones over the next three years. The Cariboo Gold Project is fully permitted and aimed at sustainable underground mining.

Source: YAHOO

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