HSE Analyst

Osisko Gold closes previously announced US$30 million strategic Equity Investment by Trafigura. TORONTO, Oct. 09, 2026 (GLOBE NEWSWIRE) - Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) ("Osisko Gold" or the "Company") is pleased to announce the closing of its previously announced equity investment by Urion Investments Holdings Limited ("Urion"), an affiliate of Trafigura Canada Limited, as disclosed in the news release of the Company dated September 14, 2026 entitled "Osisko Gold Announces Formal Construction Decision and Development Update for the Cariboo Gold Project" (the "Equity Investment"). Pursuant to the Equity Investment, the Company issued an aggregate of 9,554,141 common shares of the Company (each, a "Common Share") to Urion at a price of US$3.14 per Common Share, representing a 10% premium to the five-day volume weighted average price of the Common Shares on the TSX Venture Exchange prior to signing, for gross proceeds of approximately US$30 million. Negotiations toward a definitive agreement for a potential prepayment facility of up to US$120 million remain ongoing. As part of the Equity Investment, Urion has entered into a voting support agreement with the Company (the "Voting Support Agreement"), pursuant to which Urion has agreed to vote its Common Shares in accordance with the recommendations of the board of directors or management of the Company, subject to certain exceptions. The Voting Support Agreement also contains customary standstill and lock-up provisions restricting Urion's ability to acquire additional Common Shares or dispose of its Common Shares for specified periods. The Company intends to use the net proceeds of the Equity Investment towards the development of the Cariboo Gold Project. The Common Shares issued under the Equity Investment will be subject to a hold period expiring four months and one day from the date of issue pursuant to applicable Canadian securities laws. The Equity Investment remains subject to final acceptance by the TSX Venture Exchange. No finder's fees or commissions were payable in connection with the Equity Investment. After completion of the Equity Investment, the Company is expected to have 315,809,214 Common Shares issued and outstanding, of which Urion will hold approximately 3.0% on a non-diluted basis. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful absent registration under the U.S. Securities Act of 1933, or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom. | / | ABOUT OSISKO GOLD GROUP INC. | / | | / | Osisko Gold Group Inc. is a North American gold development company focused on past-producing mining camps with district-scale potential. The Company's objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, currently under construction in central British Columbia, Canada. The Project is situated within the Company's broader Cariboo regional land package, which hosts numerous prospective exploration targets and provides opportunities for future discoveries. Its Cariboo project pipeline is complemented by the Tintic Project, located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Gold is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth. | / | | / | For further information, visit our website at www.osiskogold.ca or contact: | / | | / | Sean Roosen Chairman and CEO Email: [email protected] Tel: +1 (514) 940-0685 | Philip Rabenok Vice President, Investor Relations Email: [email protected] Tel: +1 (437) 423-3644 | / | | / | / | / | / | CAUTION REGARDING FORWARD-LOOKING STATEMENTS This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, "forward-looking statements"). Such forward-looking statements, by their nature, require Osisko Gold to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Such forward-looking statements are not guarantees of performance and are identified with words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "potential", "propose", "project", "outlook", "foresee", "continue", "objective", "strategy", variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection. Forward-looking statements in this news release include, but are not limited to, statements pertaining to the Company's anticipated use of proceeds from the Equity Investment; final acceptance of the Equity Investment by the TSX Venture Exchange; the terms and effect of the Voting Support Agreement; the Company's ability to successfully negotiate and execute on a prepayment facility on commercially acceptable terms; the ability to advance the Cariboo Gold Project through construction on the anticipated timeline and within the estimated budget and its status as being fully permitted; the Company's objective of becoming an intermediate gold producer; and the exploration potential and potential for future discoveries (if any) of its properties. Osisko Gold considers its assumptions to be reasonable based on information currently available but cautions the reader that its assumptions regarding future events, many of which are beyond the control of Osisko Gold, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko Gold and its business. Such risks and uncertainties include, but are not limited to: the absence of further work stoppages or suspensions at the Cariboo Gold Project; risks associated with the development and construction of the Cariboo Gold Project; risks relating to third-party approvals, including the issuance of permits by governments, favourable regulatory conditions and approvals, capital market conditions and the Company's ability to access capital on terms acceptable to the Company for the contemplated exploration and development at the Company's properties; the absence of unforeseen ground conditions or other geological challenges; the ability to continue current operations and exploration; regulatory framework and presence of laws and regulations that may impose restrictions on mining; errors in management's geological modelling; the timing and ability of the Company to obtain and maintain required approvals and permits; the results of exploration activities; the availability of necessary equipment, supplies and infrastructure; risks relating to exploration, development and mining activities; the global economic climate; fluctuations in metal and commodity prices; fluctuations in the currency markets; dilution; environmental risks; and community, non-governmental and governmental actions and the impact of stakeholder actions. Readers are urged to consult the disclosure provided under the heading "Risk Factors" in the Company's annual information form for the year ended December 31, 2025 as well as those risks and factors disclosed in the Company's most recent financial statements and management's discussion and analysis and other public filings filed under Osisko Gold's issuer profile on SEDAR+ (www.sedarplus.ca) and on the SEC's EDGAR website (www.sec.gov), for further information regarding the risks and other factors facing the Company, its business and operations. Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking statements contained herein are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Trafigura buys seven oil tankers from SFL as shipping costs rise. Total Views: 0 October 7, 2026 (Bloomberg) - Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring vessels to ship crude and products. Disruptions to shipping through the Strait of Hormuz have drawn in scores of tankers to shuttle key oil flows out to the global market, while growing risks in the Red Sea are leading to longer voyage routes and times. That's prompted a rush to snap up tankers as rates to charter vessels soar. Ad ends in 12 Trafigura bought four oil product tankers known as LR2s - built in 2014 and 2015 - and three suezmax tankers built in 2019, SFL said in a statement on Wednesday. The vessels will be delivered over the course of the next six months. A spokesperson for Trafigura declined to comment. SFL said it had made an "aggregate book gain" of $175 million from the deal, without disclosing the sale price of the vessels. Strong demand for prompt availability of oil carriers have pushed the resale values of tankers higher. A 10-year-old Aframax, which is the same size as an LR2 tanker, was assessed to be worth $72.5 million last week, while a Suezmax of the same age could sell for $110 million, Clarkson data show. Trafigura recently made its first foray into launching a public company, listing a supertanker vehicle Volare Shipping Ltd. on the Oslo Stock Exchange. (C) 2026 Bloomberg L.P. Subscribe for daily maritime insights. Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox - trusted by our 107,080 members. Have a news tip? Let us know. Stay ahead with our weekly 'Dispatch' email. Dive into a sea of curated content with our weekly 'Dispatch' email. Your personal maritime briefing awaits!

FIS-RDC, EnPower, Trafigura and Gridworks join forces to deliver landmark power Interconnector to Supply the DRC's Copperbelt. A 700MW cross-border transmission line will bring affordable power to the DRC's Copperbelt, unlock new mining and industrial capacity, open export routes for licensed Zambian power producers, and enable new generation KINSHASA, Democratic Republic of Congo, 7 October 2026 -/African Media Agency(AMA)/ -The Strategic Investment Fund of the Democratic Republic of the Congo ("FIS-RDC"), Enterprise Power DRC SARL ("EnPower"), Trafigura and Gridworks Development Partners (together, "the Parties") have signed a Strategic Framework Agreement to jointly finance, build and operate a 200km high-voltage power line connecting Kalumbila, Zambia, with Kolwezi, Democratic Republic of the Congo (DRC). Discover more Shop African Art View Census Data The Kalumbila-Kolwezi Interconnector Project ("KKIP") will strengthen the DRC's connection to the Southern African Power Pool (SAPP), the regional body that links national grids and allows countries to trade power across borders. The project has reached the final stage of development, with all necessary concessions, licences and authorisations secured. It has an estimated construction cost of USD300 million. You may also like. KKIP will deliver benefits on both sides of the border: a new source of reliable, affordable power for the DRC's mining and industrial sectors, and new export capacity and transmission opportunities for Zambian power producers. The line will have a thermal capacity of 700MW, enabling up to 550MW of competitively priced electricity to be imported into the Copperbelt mining region of the DRC. The line design allows for a future capacity increase to over 1GW. The Parties and financing FIS-RDC, EnPower and Gridworks have confirmed their intention to invest equity in KKIP, with Gridworks as lead equity investor and majority shareholder. The Parties are in discussions with Zambian entities about taking a stake in the project. EnPower is the project developer, a licensed Congolese power trader and a SAPP member. Gridworks is a specialist transmission and distribution developer owned and funded by British International Investment, the UK Government's development finance institution. Trafigura, a market leader in the global commodities industry, has agreed to arrange a significant share of the project's debt financing. Discover more Find Global Grants Read Economics For FIS-RDC, the transaction supports the DRC Government's objective of investing in strategic infrastructure with wider economic benefits. It is the first investment announced by FIS-RDC since its creation in October 2025. Benefits for the DRC KKIP will help address the country's structural energy deficit of more than 1GW. It is expected to: * Supply electricity from across Southern Africa to power Congolese mining and industry, supporting social and economic development in local communities * Enable the development of mining and refining projects currently on hold due to a lack of available, cost-effective baseload power * Increase mining and refining output, generating greater fiscal contributions for the DRC * Deliver broader benefits for the DRC by expanding access to reliable, affordable power for communities and businesses, supporting local enterprise and jobs, and contributing to economic diversification Benefits for Zambia KKIP will create export opportunities for Zambian power producers, provide transmission capacity for licensed operators, and help spur the development of new generation. The participation of FIS-RDC, alongside Gridworks and Trafigura, will also strengthen cooperation between the DRC and Zambian governments and create a platform for long-term investment. Discussions are already underway with Zambian entities on potential co-investment. Emile Osumba, CEO of FIS-RDC, said: "KKIP is the Fund's inaugural transaction, and it reflects precisely the mandate entrusted to us by the Government. By helping close the Copperbelt's power deficit, the project will unlock industrial growth, skilled jobs and fiscal revenue for the DRC. By backing a project led by a private Congolese developer, FIS-RDC is demonstrating that sovereign capital can act as a catalyst for private investment rather than a substitute for it. And by co-investing alongside credible and experienced partners such as Gridworks, we are building the track record that will allow the Fund to mobilise further capital for the country's strategic infrastructure." Marc Orphanides, Managing Director of EnPower, added: "This agreement is an important milestone towards executing this strategic transmission infrastructure, which will add significant capacity to meet the ever-growing power demand of the DRC mining industry. We are grateful to the authorities, stakeholders and communities in the DRC and Zambia, as well as the International Finance Corporation, for their support to KKIP, which will be the first privately developed and financed cross-border transmission infrastructure on the African continent." Gonzalo De Olazaval, Global Head of Metals and Minerals at Trafigura, commented: "Trafigura is proud to support this landmark power project in the DRC, part of our broader power strategy in Africa. Reliable, competitively priced power is a critical enabler of economic growth across the continent, and Trafigura is well placed to bring together the investment, infrastructure and partnerships needed to make these projects a reality. KKIP has the potential to unlock industrial growth in the DRC and Zambia, while also supporting job creation and local communities in both countries." Chris Flavin, CEO of Gridworks, said: "Gridworks is proud to be the lead equity investor in KKIP. This is an important regional integration project. Zambia and the DRC both stand to benefit from closer interconnection, and this project will give the Copperbelt access to reliable, competitively priced power and lay the foundation for further cross-border transmission investment across Southern Africa. While the project is anchored by mining offtake, there is capacity on the line to serve the wider population too. Connecting regional power markets and supporting efficient energy trading is key to sustained economic growth in the region. We look forward to working alongside our partners to deliver this important infrastructure." About FIS-RDC The Strategic Investment Fund of the Democratic Republic of the Congo (Fonds d'Investissement Stratégique de la République Démocratique du Congo, "FIS-RDC") is a public institution established by Decree No. 25/031 of 2 October 2025 and placed under the supervision of the Ministry of Finance. Its mandate is to mobilise and structure financing to accelerate the implementation of the DRC's national development strategy, territorial inclusion, economic diversification and national sovereignty. Investing exclusively in the DRC, the Fund acts as a catalyst in key sectors, including mining, energy, infrastructure and agriculture. It also promotes co-investment alongside national and international institutional and private partners. Visit: www.fisrdc.com About EnPower EnPower is a private Congolese power trading company which has been importing power into the DRC since 2023. EnPower holds a private utility and import licence in the DRC and is a member of the Southern African Power Pool. Visit: www.enpowerdrc.com About Trafigura Trafigura provides critical resources to the world. Founded over 30 years ago and owned by its employees, the Group is at the heart of global supply, using its deep understanding of commodity markets to make supply chains more efficient, secure and sustainable. Working across a global network, the Group deploys infrastructure, logistics, financing and market expertise to move energy and commodities from where they are produced to where they are needed. By connecting producers and consumers, African Newspage bring resilience and trust to complex supply chains. The business supplies the energy and commodities the world needs today, including oil and petroleum products, metals and minerals, gas and power, while investing in lower-carbon solutions for the future. The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, fuel supplier and distributor Greenergy, and the Impala Terminals joint venture. The Group employs approximately 14,500 people, of which more than 1,400 are shareholders, and operates in over 150 countries. Visit: www.trafigura.com About Gridworks Development Partners Gridworks develops and invests in Africa's electricity networks. It provides long-term capital to transmission, distribution and distributed renewable energy businesses. A partner to governments, utilities, and companies in the energy sector, it aims to connect Africa's people and its businesses to reliable, affordable power. It is owned and funded by the UK Government, with British International Investment, the UK's development finance institution, as its 100% shareholder. Visit: www.gridworkspartners.com Post Views: 7