On May 27, 2022, Osisko Development Corp. completed its US$145-million acquisition of Tintic Consolidated Metals LLC from IG Tintic LLC, and its related US$77-million acquisition of Chief Consolidated Metals from Ruby Hollow LLC and Emerald Hollow LLC.

Osisko Development Corp. also entered into a non-binding US$40-million metals stream transaction with a wholly-owned subsidiary of Osisko Gold Royalties Ltd.

Osisko Development Corp. acquired 100 percent ownership of the producing Trixie Mine, one of the highest-grade gold mines in the world, as well as mineral claims covering more than 17,000 acres (including over 14,200 acres of which are patented) in Central Utah’s historic Tintic Mining District. The acquisition further accelerates Osisko Development Corp. on its path towards becoming a mid-tier gold miner and significantly enhances its portfolio of operations by adding a high-grade producing asset in a world-class jurisdiction.

Bennett Jones LLP acted as counsel for Osisko Development Corp., with a team that included Sander Grieve, Andrew Disipio, Ali Naushahi, Sarah Harper, Jeff Taylor, Kristin Ostler, Oleg Shcheglov (Corporate, Mergers & Acquisitions, Securities, Capital Markets + Mining), Simon Grant (Banking + Finance), Thomas Bauer, Phil Ward, Hyacinthe Huguet and Nicholas Arrigo (Tax).

Osler Hoskin & Harcourt LLP acted as counsel to IG Tintic LLC, with a team that included Alan J. Hutchison (Corporate Finance + Securities), Patrick Sullivan (Mining, Mergers & Acquisitions, Capital Markets) and Natalie Holtby (Corporate Finance + Securities).

Parr Brown Gee & Loveless LLP acted as US counsel to Ruby Hollow and Emerald Hollow, with a team that included Matthew Jensen (Natural Resources, Water, Mining, Energy, Commercial Litigation, Appeals); Jordan Toone (Business and Finance, Corporate Finance, Corporate Structure, Organizations and Governance, International Services, Mergers, Acquisitions, and Divestitures, Private Equity Fund Formation).

Stikeman Elliott LLP acted as Canadian counsel to Ruby Hollow and Emerald Hollow, with a team that included Jay C. Kellerman (Mining, Capital Markets, Securities, Mergers & Acquisitions), and Omar Soliman (Mergers & Acquisitions, Capital Markets, Securities).

Holland & Hart LLP acted as U.S. counsel to Osisko Development with a team that included Angela Franklin (Energy & Resources) and Billi McCullough (Project Development & Finance in Energy & Resources industry).