07:22 AM EDT, 05/30/2025 (MT Newswires) -- Osisko Development ( ODV ) overnight Thursday said it intends to make the third of five deferred payments in common shares to sellers of the Tintic project.

The US$2.5 million payment is expected to go through at $2.5082 per common share, resulting in the issuance of 1.4 million common shares.

Shares of the company closed down 2.3% to $2.53 on Thursday on the TSX Venture Exchange.