Sledding Accident

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Business

Osisko Development Secures $125M for Cariboo Gold Project Amid Operational Pause and Valuation Debate

Osisko Development Corp. (TSXV:ODV) has announced a major $125 million equity financing to advance its flagship Cariboo Gold Project in British Columbia, following a temporary operational suspension due to a contractor fatality. The move comes as the company's shares show strong recent momentum but trade at a significant discount to peers, raising questions about its valuation and path forward.