Osisko Metals Grants Stock Options
February 04 2022 - 03:32PM
Osisko Metals Incorporated (the “
Company” or
“
Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF;
FRANKFURT: 0B51) announces that its Board of Directors approved the
grant of incentive stock options to certain directors, officers,
key employees and key consultants to purchase up to an aggregate of
685,000 common shares in the capital stock of the Company. Grants
are subject to a three-year vesting period and a five-year term at
an exercise price of $0.37 per share.
About Osisko Metals
Osisko Metals Incorporated is a Canadian
exploration and development company creating value in the base
metal space. The Company controls one of Canada’s premier
past-producing zinc mining camps, the Pine Point Project, located
in the Northwest Territories for which the 2020 PEA has indicated
an after-tax NPV of $500M and an IRR of 29.6%. The Pine Point
Project PEA is based on current Mineral Resource Estimates that are
amenable to open pit and shallow underground mining and consist of
12.9Mt grading 6.29% ZnEq of Indicated Mineral Resources and 37.6Mt
grading 6.80% ZnEq of Inferred Mineral Resources. Please refer to
the technical report entitled “Preliminary Economic Assessment,
Pine Point Project, Hay River, Northwest Territories, Canada” dated
July 30, which has been filed on SEDAR. The Pine Point Project is
located on the south shore of Great Slave Lake in the Northwest
Territories, near infrastructure, paved highway access, and has an
electrical substation as well as 100 kilometres of viable haulage
roads already in place.
For further information on this press
release, visit
www.osiskometals.com or
contact:
Robert Wares, CEO, Osisko Metals
Email: info@osiskometals.com
www.osiskometals.com
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