M&A Deal Summary

Osisko Acquires TCM

On May 30, 2022, Osisko acquired metals/mining company TCM for 20M USD

Acquisition Highlights
  • This is Osisko’s 1st transaction in the Metals/Mining sector.
  • This is Osisko’s largest (disclosed) transaction.
  • This is Osisko’s 1st transaction in the United States.
  • This is Osisko’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-05-30
Target TCM
Sector Metals/Mining
Buyer(s) Osisko
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

TCM

Eureka, Utah, United States
website
TCM owns a large landholding in the historic, mineral-rich, East Tintic District of Utah. The holdings are comprised of over 14,000 acres of patented mineral rights, involving 7000 acres of surface rights containing numerous legacy assets. TCM is based in Eureka, Utah.

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Buyer(S) 1

Buyer

Osisko

Montreal, Quebec, Canada

website

Category Company
Sector Metals/Mining
Revenue 8M USD (2021)
DESCRIPTION

Osisko is a gold development company in North America to advance the Cariboo Gold Project and other Canadian and Mexican properties, with the objective of becoming the next mid-tier gold producer. The Cariboo Gold Project, located in central British Columbia, Canada, is Osisko Development's flagship asset. The considerable exploration potential at depth and along strike distinguishes the Cariboo Gold Project relative to other development assets. Osisko is headquartered in Montreal, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
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