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Update: Osisko Metals Retains Outperform Rating at National Bank of Canada After High-Grade Drill Results at Gaspe Copper Project in Quebec

BY MT Newswires | ECONOMIC | 09/18/25 11:49 AM EDT

11:49 AM EDT, 09/18/2025 (MT Newswires) -- Osisko Metals (OMZNF) reported Thursday the new infill and expansion drill results from the Gaspe copper project in Quebec.

Osisko retained its outperform rating and $1.25 price target at National Bank of Canada after the news. The rating considers the 110,000-meter exploration program at Gaspe, the company's mining-friendly address on infrastructure in Quebec, and management's impressive track record for developing deposits in the region. The price target was based on a 0.8x multiple to asset NAV plus corporate adjustments.

Drill highlights include 133.7 meters averaging 1.04% copper, 1,091.5 meters averaging 0.20% copper, and 159.1 meters averaging 0.45% copper.

"The growth potential of the Gaspe copper deposit continues to be demonstrated with today's new high-grade results," chief executive officer Robert Wares said. "Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area."

Osisko's drill program aims to resources outlined in a November 2024 estimate to the measured and indicated categories. The company will release an updated resource estimate in the first quarter of 2026.

Osisko traded 1.2% higher at last look to $0.425 per share on the TSX.

Price: 0.44, Change: +0.02, Percent Change: +3.57

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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