Development and Construction Risks: Osisko Development's primary assets, such as the Cariboo Gold Project and Tintic Project, are in various stages of development and construction. These activities are subject to inherent uncertainties and risks including unforeseen geological conditions, engineering challenges, equipment failures, labor disruptions, permitting delays, and cost overruns, which could lead to project delays or budget increases.

Commodity Price Volatility: The company's future revenue and profitability are highly dependent on the market price of gold. Gold prices are subject to significant fluctuations due to various factors including global economic conditions, interest rates, investor sentiment, and geopolitical events. A sustained decline in gold prices could adversely affect the economic viability of ODV's projects and its overall financial results.

Permitting and Regulatory Risks: ODV requires various permits, licenses, and approvals from governmental authorities for its exploration, development, and mining operations. Obtaining and maintaining these can be a complex, costly, and time-consuming process. Changes in environmental regulations, land use policies, or social licensing requirements could significantly delay or prevent project advancement.