Osisko Development and Electric Elements Early Warning Report on Niobay Metals Inc.

TORONTO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development") announces that, on December 18, 2025, Osisko Development acquired, indirectly through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("BGM"), 8,571,429 units of Niobay Metals Inc. ("Niobay") at a price of $0.14 per unit for an aggregate subscription price of $1,200,000.06, pursuant to a private placement completed by Niobay (the "Offering"). Each unit consisted of one common share of Niobay (each, a "Common Share") and one Common Share purchase warrant of Niobay (each, a "Warrant").

Osisko Development and Electric Elements have filed an early warning report concerning their investment in Niobay Metals Inc. The report details the acquisition of a significant stake in Niobay, which is poised to impact the company's corporate actions and share structure.

According to the report, both companies engaged in purchase agreements that elevated their holdings in Niobay Metals. The filing aligns with regulatory requirements to disclose their investment stakes and outline their intentions regarding Niobay’s shares.

Niobay Metals is noted for its focus on developing niobium resources, which have become increasingly important due to their application in steel production and emerging technologies. The report by Osisko and Electric Elements highlights the demand for niobium and the strategic value of investing in its extraction and processing.

The early warning report provides insight into how Osisko and Electric Elements plan to utilize their stakes in Niobay to influence company decisions and potentially enhance shareholder value. Both companies expressed confidence in the future of niobium as a critical material for various industries.

This investment is part of a broader trend where mining firms are ramping up their efforts in the exploration and development of critical minerals. As global markets evolve and the demand for elements like niobium grow, strategic investments like those made by Osisko and Electric Elements will play a key role in shaping the landscape of the mining industry.

In addition, the report presents various caveats and considerations that investors need to be aware of regarding the mining sector, including regulatory challenges, market volatility, and the overarching need for sustainable practices within the industry. The joint move by these firms may attract more attention from investors who are focused on sustainable and responsible mining operations.

As the mining sector continues to face pressures from environmental regulations and economic fluctuations, strategic partnerships and equity stakes will likely become pivotal in securing operational advantages and ensuring long-term viability in resource extraction.