08:00 AM EST, 11/24/2025 (MT Newswires) -- Osisko Development ( ODV ) said Monday it has agreed to sell its 100% interest in the San Antonio Gold Project in Mexico's Sonora state to Axo Copper.

Under the Nov. 21 deal, Osisko Development ( ODV ) will receive about 15.3 million shares of Canadian-listed Axo, amounting to a roughly 10% stake, as well as a cash payment equal to 70% of any Mexican value-added tax refund due Sapuchi before the deal closing.

Osisko will also receive $2 million upon the filing by Axo of a feasibility study, another $2 million upon the first gold pour at the project, and additional possible payments in the event of additional stock issues, the company said.

Osisko said it has agreed to hold its Axo shares for at least 12 months after the closing.

Shares of the company were up 1.3% in recent premarket activity Monday.