Osisko Metals (OM) Corporate Presentation summary

Project overview and resources

• Gaspé Copper is among North America's largest undeveloped copper projects, with significant infrastructure and a strategic location near a deep-sea port and power substation.

• Current in-pit resources include 824 Mt indicated at 0.34% CuEq and 670 Mt inferred at 0.38% CuEq, with a higher-grade sub-resource at 0.54% CuEq.

• The site has a 44-year production history, producing over 141 Mt at 0.9% copper, and has undergone C$150M in reclamation.

• A fully funded 110,000-metre drill program in 2025 aims to upgrade resources, test expansion, and validate geological models.

• Metallurgical tests show 92–94% copper recoveries and 65–70% molybdenum recoveries, with Glencore as a strategic offtake partner.

Financials, ownership, and partnerships

• Market capitalization stands at C$232M, with C$100M in cash and a C$40M Glencore convertible debenture.

• Institutions and strategic investors hold about 80% of shares, including Appian, Franco-Nevada, Gold Fields, Glencore, and CDPQ.

• Glencore holds an option involving a US$25M convertible note, US$20M milestone payment, C$55M work commitment, and royalties of 1–3%.

• The project is fully financed to final investment decision following a $107M bought-deal financing.

Leadership and track record

• Led by a senior Canadian mining team with a history of major discoveries, acquisitions, and shareholder returns.

• Key executives have experience with Canadian Malartic, Marban, and Windfall, with multi-billion dollar transactions.