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Osisko Metals lines up Glencore copper mine

Toronto-listed Osisko Metals has signed a binding term sheet with Glencore to buy the past-producing Gaspé Copper Mine in Quebec for an initial US$25 million and a further US$20 million on production start.

Osisko Metals lines up Glencore copper mine Osisko Metals lines up Glencore copper mine Osisko Metals lines up Glencore copper mine Osisko Metals lines up Glencore copper mine Osisko Metals lines up Glencore copper mine

Osisko Mining opts for Glencore

The US$25 million payment will be paid by way of issuance of a convertible note to Glencore, giving the firm an equity stake in the Canadian junior.