Osisko Development Corp. secures a $450 million project loan facility from Appian Capital Advisory for the Cariboo Gold Project in British Columbia, Canada. The financing will be used for development and construction activities.

The financing is structured in two parts, with $100 million drawn initially and subsequent draws totaling $350 million over the next 36 months. The funds will be used for infill drilling, mine planning, pre-construction, repayment of existing loans, and general working capital.

Cariboo Gold Project has all required permits in place, and Osisko Development Corp. owns 100% rights to the project. The company focuses on exploring, developing, and operating high-grade gold projects, with its flagship Cariboo Gold Project designed for sustainable and scalable production.

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Read more at Yahoo Finance: Osisko Development (ODV) Secures $450 Million Financing for Cariboo Gold Project