Osisko Development Awards Project and Construction Management Services Contract for the Development of the Cariboo Gold Project
MWN-AI** Summary
On February 9, 2026, Osisko Development Corp. announced that its subsidiary, Barkerville Gold Mines Ltd., has formalized a Project and Construction Management Services Agreement with JDS Energy & Mining Inc. for the advancement of the Cariboo Gold Project in British Columbia. The partnership aims to enhance project delivery through JDS's extensive management experience, ensuring structured planning and execution as the Cariboo Gold Project progresses.
Sean Roosen, Osisko Development's Chairman and CEO, emphasized the importance of the collaboration with JDS, which is renowned for its successful track record in delivering mining projects safely, on budget, and on schedule across both Canadian and international landscapes. Established in 2004, JDS Energy & Mining is known for completing projects from concept through to operations and reclamation, with notable past initiatives including the Minto Mine and the Gahcho Kue Mine.
Osisko Development Corp. focuses on becoming a leading gold producer by developing historically significant mining properties, primarily the fully permitted Cariboo Gold Project. The firm is also exploring its Tintic Project in Utah, which possesses significant historical mining records and infrastructure accessibility. The company is committed to maintaining disciplined capital allocation and proactive risk management while pursuing mineral inventory growth in mining-friendly jurisdictions.
Despite the positive outlook, Osisko Development cautioned that forward-looking statements included in the release are subject to risks and uncertainties that may affect actual outcomes, advising investors to avoid placing undue reliance on anticipated developments.
For more information, Osisko Development invites feedback from stakeholders through their investor relations contacts.
MWN-AI** Analysis
Osisko Development Corp.'s recently formalized partnership with JDS Energy & Mining Inc. to manage the Cariboo Gold Project is a significant strategic move that solidifies the company's commitment to disciplined project execution and capital efficiency. This agreement suggests a focus on not just advancing mining operations but also on maintaining a high level of safety and project adherence, both critical components in the mining sector.
From a market perspective, this development could elevate Osisko's standing among investors in the mining sector. With JDS's proven track record in delivering projects on budget and schedule, there is potential for increased investor confidence in Osisko's future production capabilities. Companies that can effectively manage the complexities of mining projects are often valued higher due to their ability to mitigate operational risks.
Prospective investors should consider the current commodity price landscape. Gold often serves as a hedge against inflation, and with the ongoing uncertainties in global economic conditions as of early 2026, demand for gold could rise. Osisko’s focus on building a robust portfolio of mining assets, particularly in mining-friendly jurisdictions, positions it well to capitalize on this trend. The Cariboo Gold Project, with its fully permitted status, enhances the likelihood of successful and timely development, further adding to the company’s appeal.
However, investors must also recognize the inherent risks associated with mining operations, including regulatory changes and operational challenges. The forward-looking statements highlighted in Osisko's news release underscore the importance of caution; while the strategic partnership with JDS is promising, it does not eliminate all uncertainties.
In conclusion, while Osisko Development’s latest project management agreement signals a positive trajectory for the Cariboo Gold Project, investors should approach with a balanced view, weighing potential rewards against the multifaceted risks of the mining sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
MONTREAL, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that its wholly-owned subsidiary, Barkerville Gold Mines Ltd., has entered into a definitive Project and Construction Management Services Agreement with JDS Energy & Mining Inc. ("JDS") for the development of the Cariboo Gold Project, located in British Columbia (the "Cariboo Gold Project").
Sean Roosen, Chairman and CEO, commented, "Formalizing our partnership with JDS supports an integrated approach to project delivery, as we advance the next phase of work at the Cariboo Gold Project. JDS' project and construction management experience provides additional capacity and structure across planning and execution, supporting disciplined progress on the development of the Cariboo Gold Project."
About JDS Energy & Mining Inc.
JDS is a Western Canada-based mining services company founded in 2004 by Jeff Stibbard and comprised of a diverse team of skilled and highly experienced mining and construction professionals. With a proven track record of providing clients with fit-for-purpose solutions and delivering value, JDS has earned a reputation for delivering and executing project plans on budget, on schedule, and most importantly, safely. The JDS team prides itself on delivering projects from concept through operations and ultimately reclamation – an approach it has executed across Canadian and international operations. Past projects include the Minto Mine, the Gahcho Kue Mine, and the Silvertip Mine. Please visit their website at https://jdsmining.ca for more information.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a continental North American gold development company focused on past producing mining camps with district scale potential. The Company's objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, located in central British Columbia, Canada. Its project pipeline is complemented by the Tintic Project located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Development is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth.
For further information, contact:
| Sean Roosen | Philip Rabenok |
| Chairman and CEO | Vice President, Investor Relations |
| Email: [email protected] | Email: [email protected] |
| Tel: +1 (514) 940-0685 | Tel: +1 (437) 423-3644 |
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward- looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, "forward-looking statements"). Such forward-looking statements are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or potential outcomes. Such forward-looking statements in this news release may include, without limitation, statements pertaining to the ability to develop the Cariboo Gold Project; the timing and ability to complete contemplated work. Such forward-looking statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Actual results could differ materially due to a number of factors, including, without limitation, risks related to exploration, development and operation of the Cariboo Gold Project, general economic and market conditions and business conditions in the mining industry, fluctuations in commodity and currency exchange rates, changes in regulatory framework and applicable laws, as well as those risks and factors disclosed in the Company's most recent annual information form, financial statements and management's discussion and analysis as well as other public filings on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov). Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise these forward-looking statements except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FAQ**
How does Osisko Development Corp. ODV plan to leverage its partnership with JDS Energy & Mining Inc. to ensure the successful development of the Cariboo Gold Project?
What specific project milestones can investors expect from Osisko Development Corp. ODV regarding the Cariboo Gold Project in the upcoming phases?
How does Osisko Development Corp. ODV plan to manage the risks associated with the exploration and development of the Cariboo Gold Project?
In what ways does Osisko Development Corp. ODV’s strategy for the Cariboo Gold Project reflect its overall goal to become an intermediate gold producer?
**MWN-AI FAQ is based on asking OpenAI questions about Osisko Development Corp. (TSXVC: ODV:CC).
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