Breaking News: Osisko Development Shakes Up Senior Management Team!

MONTREAL, Jan. 09, 2025 (GLOBE NEWSWIRE) —

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (“Osisko Development” or the “Company”) is pleased to announce the appointment of David Rouleau as Vice President, Project Development. This appointment aligns with the Company’s strategic focus on building an operations-driven team to advance its flagship 100%-owned Cariboo Gold Project located in central British Columbia, Canada. The Company also announces that Éric Tremblay, Chief Operating Officer, is leaving the Company effective immediately to pursue other professional commitments in the mining sector. In addition to his appointed role, Mr. Rouleau will provide senior leadership support during the transition period until a permanent COO is appointed and he will take an active role in advancing operational readiness efforts for the Cariboo Gold Project. The Company has initiated an executive search process for the COO role, and will provide an update in due course.

Effect on You:

This management shakeup at Osisko Development could potentially impact investors, employees, and stakeholders. Investors may see changes in the company’s strategic direction and operations, which could influence the stock price and overall investment performance. Employees may experience shifts in leadership and management style, as well as changes in project development focus. Stakeholders, such as local communities and regulatory bodies, may also be affected by the new leadership team’s decisions and approaches.

Effect on the World:

The changes in Osisko Development’s senior management team could have broader implications for the mining industry and the economy. As Osisko Development focuses on advancing its Cariboo Gold Project with a new operations-driven approach, this could set a precedent for other mining companies to follow suit. The industry as a whole may see shifts in project development strategies and operational priorities. Additionally, the departure of Éric Tremblay and the appointment of David Rouleau may impact how other companies view talent and leadership within the mining sector.

Conclusion:

This announcement from Osisko Development marks a significant moment for the company as it restructures its senior management team to align with its strategic goals. The appointment of David Rouleau and the departure of Éric Tremblay signal a new direction for the company as it focuses on advancing the Cariboo Gold Project. The effects of these changes will be felt not only internally within the company but also across the mining industry and the economy at large. It will be interesting to see how these developments play out in the coming months and what impact they will have on various stakeholders.