Osisko Metals completed the acquisition of Gaspé Copper from Glencore for $45m.

Osisko Metals, a metal exploration and development company, completed the acquisition of Gaspé Copper, a copper and molybdenum producer, from Glencore, a mining company, for $45m. “The acquisition of the Gaspé Copper Project is a milestone for the Company that provides shareholders with significant copper exposure in the mining-friendly province of Québec. Last year’s excellent drill results at Gaspé support our belief in the high-value potential of this asset and we are convinced that the acquisition of Gaspé Copper, together with our ongoing development of our joint-ventured Pine-Point project, positions Osisko Metals as a premier base metal development company in Canada. I wish to thank both the Osisko Metals and Glencore teams, as well as all stakeholders, for their diligence and perseverance in completing this complex transaction that will no doubt benefit all parties and shareholders,” Robert Wares, Osisko Metals Chairman and CEO.