Osisko Development is a Canadian pre-revenue gold development company focused on advancing its flagship Cariboo Gold Project in Wells, British Columbia toward a construction decision. The company does not produce gold — its core activity is de-risking the Cariboo Gold Project through permitting and engineering milestones. Osisko Development achieved a BC environmental assessment certificate in 2023 and BC Mines Act and Environmental Management Act permits in late 2024, positioning the project for a potential construction decision. Beyond Cariboo, Osisko Development holds secondary assets including the Tintic gold/silver exploration project in Utah, a 43.2% equity stake in Electric Elements Mining (which holds exploration assets in Québec's James Bay region), and a portfolio of marketable securities in Canadian junior miners, including roughly 16% of Falco Resources and roughly 10% of Niobay Metals. As a pre-revenue company, Osisko Development funds its operations through equity issuances and capital markets activity rather than gold sales. The core value creation thesis is to advance Cariboo through permitting and feasibility, reach a construction decision, build a mine, and ultimately sell gold — with shareholder value accreting as the project clears development milestones.