07:46 AM EDT, 07/21/2025 (MT Newswires) -- Osisko Development ( ODV ) said Monday it secured a $450 million senior secured loan credit facility from funds advised by Appian Capital Advisory to advance its Cariboo Gold Project in central British Columbia.

The company said $100 million was drawn at closing, while the remaining can be drawn in up to four subsequent tranches. The latter will be available for up to 36 months, subject to the satisfaction of certain project milestones and customary conditions, the company said.

Osisko Development ( ODV ) shares were up 6% in recent premarket activity.