Osisko Development Resumes Operations at Cariboo Gold Project Post-Evacuation Lift

MONTREAL, July 26, 2024 – Osisko Development Corp. ODV on NYSE and TSXV), a company engaged in the exploration and development of precious metal resource properties in Canada, has announced that the evacuation order imposed due to wildfire threats near its Cariboo Gold Project has been lifted. This directive, which had been in effect since July 22, 2024, was rescinded by the BC Wildfire Service, allowing all project activities to resume to normalcy.

Cariboo Gold Project Resumes Operations

Osisko Development has expressed satisfaction with the decision to lift the evacuation order that disrupted its operations. The swift response by the BC Wildfire Service and other involved agencies to control the fire and ensure safety has been commended.

Impact on Osisko's Operations

The temporary suspension of activities at the Cariboo Gold Project due to the wildfire presented logistical challenges; however, with the order now lifted, ODV is looking forward to continuing its development and exploration endeavors without further interruptions. Osisko Development emphasizes its commitment to safety and environmental standards, reaffirming its dedication to the wellbeing of its employees and the surrounding communities.

Market Response to the Resumption

Following the announcement, investors showed optimism as ODV is expected to get back on track with its project timelines. The Cariboo Gold Project is a crucial venture for Osisko Development, and resuming operations is a positive signal to stakeholders.

In conclusion, the lifting of the fire evacuation order by the BC Wildfire Service marks a significant step for ODV as it seeks to advance its Cariboo Gold Project, thereby contributing positively to the company's growth prospects and the broader mining sector.

Osisko, Cariboo, Resumption