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Osisko Development Corp.
CIK: 0001431852  ·  File(s): 333-290216  ·  Started: 2025-09-30  ·  Last active: 2025-12-12
Response Received 2 company response(s) High - file number match
UL SEC wrote to company 2025-09-30
Osisko Development Corp.
Regulatory Compliance Financial Reporting Risk Disclosure
File Nos in letter: 333-290216
CR Company responded 2025-10-15
Osisko Development Corp.
Regulatory Compliance Financial Reporting Business Model Clarity
File Nos in letter: 333-290216
References: September 30, 2025
CR Company responded 2025-12-12
Osisko Development Corp.
Offering / Registration Process
File Nos in letter: 333-290216
Osisko Development Corp.
CIK: 0001431852  ·  File(s): 005-93873  ·  Started: 2025-04-21  ·  Last active: 2025-04-21
Awaiting Response 0 company response(s) High
UL SEC wrote to company 2025-04-21
Osisko Development Corp.
DateTypeCompanyLocationFile NoLink
2025-12-12 Company Response Osisko Development Corp. Canada (Federal Level) N/A
Offering / Registration Process
Read Filing View
2025-10-15 Company Response Osisko Development Corp. Canada (Federal Level) N/A
Regulatory Compliance Financial Reporting Business Model Clarity
Read Filing View
2025-09-30 SEC Comment Letter Osisko Development Corp. Canada (Federal Level) 333-290216
Regulatory Compliance Financial Reporting Risk Disclosure
Read Filing View
2025-04-21 SEC Comment Letter Osisko Development Corp. Canada (Federal Level) 005-93873 Read Filing View
DateTypeCompanyLocationFile NoLink
2025-09-30 SEC Comment Letter Osisko Development Corp. Canada (Federal Level) 333-290216
Regulatory Compliance Financial Reporting Risk Disclosure
Read Filing View
2025-04-21 SEC Comment Letter Osisko Development Corp. Canada (Federal Level) 005-93873 Read Filing View
DateTypeCompanyLocationFile NoLink
2025-12-12 Company Response Osisko Development Corp. Canada (Federal Level) N/A
Offering / Registration Process
Read Filing View
2025-10-15 Company Response Osisko Development Corp. Canada (Federal Level) N/A
Regulatory Compliance Financial Reporting Business Model Clarity
Read Filing View
2025-12-12 - CORRESP - Osisko Development Corp.
CORRESP
 1
 filename1.htm

 OSISKO DEVELOPMENT CORP.

 1100 Avenue des Canadiens-de-Montreal

 Suite 300

 Montreal, Quebec

 H3B 2S2

 Canada

 VIA EDGAR

 December 12, 2025

 Securities and Exchange Commission

 Division of Corporation Finance

 100 F Street, N.E.

 Washington, D.C. 20549

 Attn: Michael Purcell

 Re:
 Osisko Development Corp.

 Registration Statement on Form F-3 (File No. 333-290216)

 Request for Acceleration of Effective Date

 Ladies and Gentlemen:

 Pursuant to Rule 461
under the Securities Act of 1933, as amended, Osisko Development Corp. (the "Company") hereby requests that the Securities
and Exchange Commission (the "Commission") accelerate the effective date of the above-referenced Registration Statement on
Form F-3 (the "Registration Statement") so that the Registration Statement will be declared effective as of 4:30 p.m. Eastern
time, on December 15, 2025, or as soon as practicable thereafter. The Company hereby authorizes Alexander T. Yarbrough or Thomas
M. Rose, both of whom are attorneys at the Company's outside legal counsel, Troutman Pepper Locke LLP, to orally modify or withdraw
this request for acceleration.

 Once the Registration Statement
has been declared effective, please orally confirm that event with Mr. Yarbrough at (704) 998-4077 or Mr. Rose at (757) 687-7715.

 Thank you for your assistance
in this matter.

 Sincerely,

 Osisko Development Corp.

 /s/ Alexander Dann

 Name:
 Alexander Dann

 Title:
 Chief Financial Officer

 cc (via email):

 Thomas M. Rose, Troutman Pepper Locke LLP
 Shona Smith, Troutman Pepper Locke LLP
 Alexander T. Yarbrough, Troutman Pepper Locke LLP
2025-10-15 - CORRESP - Osisko Development Corp.
Read Filing Source Filing Referenced dates: September 30, 2025
CORRESP
 1
 filename1.htm

 October 15, 2025

 VIA EDGAR

 U.S. Securities and Exchange Commission

 100 F. Street, N.E.

 Washington, D.C. 20549

 Attention: Michael Purcell and Irene Barberena-Meissner

 Re:

 Osisko Development Corp.
 Registration Statement on Form F-3
 Filed September 12, 2025
 File No. 333-290216

 Ladies and Gentlemen:

 I am submitting this letter on
behalf of Osisko Development Corp. (the " Company "), in response to the written comments of the staff (the " Staff ")
of the U.S. Securities and Exchange Commission (the " SEC "), contained in the Staff's letter, dated September 30,
2025 (the " Comment Letter "), in connection with the Company's Registration Statement on Form F-3, filed
with the SEC on September 12, 2025 (the " Form F-3 Registration Statement ").

 For your convenience, the Company's
responses are set forth below, with the headings and numbered items of this letter corresponding to the headings and numbered items contained
in the Comment Letter. Each of the comments from the Comment Letter is restated in bold and italics prior to the Company's response.

 Registration Statement on Form F-3

 General

 1. We note you have incorporated by reference your Annual Report on Form 40-F for fiscal year
ended December 31, 2024, as well as your NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project on Form 6-K,
which does not provide the mining disclosure requirements of subpart 1300 of Regulation S-K and the technical report summary requirements
in Item 601(b)(96). See for example the technical report summary required under Item 1302(b)(2) of Regulation S-K. Section II.H.1.i.
of the Final Rule "Modernization of Property Disclosures for Mining Registrants" (October 31, 2018) provides "the
sole group of Canadian registrants that could continue to report pursuant to Canadian disclosure requirements following adoption of the
revised mining disclosure rules would be those Canadian issuers that report pursuant to the Multijurisdictional Disclosure System
(‘MJDS')."

 Please provide us with your
analysis supporting your determination that you are currently eligible to file under the MJDS.

 Under the MJDS, Form 40-F
may be used to file an Annual Report with the SEC pursuant to Section 13(a) of the U.S. Exchange Act of 1934, as amended, and
Rule 13a-3 thereunder if the following conditions are met:

 Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 1 of 4

 (i) the registrant is incorporated or organized under the laws of Canada or any Canadian province or territory;

 (ii) the registrant is a foreign private issuer;

 (iii) the registrant has been subject to the periodic reporting requirements of any securities commission or
equivalent regulatory authority in Canada for a period of at least 12-calendar months immediately preceding the filing of the Form and
is then currently in compliance with such obligations; and

 (iv) the aggregate market value of the public float of the registrant's outstanding equity shares is
US$75 million or more.

 The Company satisfied these requirements
at the time of filing its Annual Report on Form 40-F with the SEC on March 31, 2025, would have satisfied them at the time of
filing the Form F-3 Registration Statement with the SEC (if it had been required to satisfy such requirements), and currently satisfies
these requirements.

 Jurisdiction of Organization

 The Company is organized under
the federal laws of Canada.

 Foreign Private Issuer Status

 The Company is a "foreign
private issuer" as defined in Rule 405 under the U.S. Securities Act of 1933, as amended (the " Securities Act ").
As at both June 28, 2024 (which would have been the last business day of the most recently completed second fiscal quarter as at
the time of filing its Annual Report on Form 40-F on March 31, 2025) and June 30, 2025 (which would have been the last
business day of the most recently completed second fiscal quarter as at the time of filing the Form F-3 Registration Statement):

 (i) neither a majority of the Company's executive officers or a majority of its directors were U.S.
citizens or residents;

 (ii) the Company did not have more than 50% of its assets located in the United States; and

 (iii) the business of the Company was not administered principally in the United States.

 As a result of not meeting any
of the tests set forth in paragraph (1)(ii) of the definition of "foreign private issuer" in Rule 405 under the
Securities Act as at the applicable assessment dates, the Company was not required to assess whether more than 50% of its outstanding
voting securities were directly or indirectly held of record by residents of the United States as at such assessment dates. The Company
is a "foreign private issuer" under the definition, as determined at the applicable assessment dates.

 Periodic Reporting in Canada

 The Company has been subject
to the periodic reporting requirements of multiple securities commissions in Canada (including Alberta, British Columbia, Manitoba, New
Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Québec and Saskatchewan) for a period of at
least 12 calendar months before filing the Form 40-F. The Company's public filings can be found
on the System for Electronic Data Analysis and Retrieval+ (SEDAR+) of the Canadian Securities Administrators at www.sedarplus.ca
 under the Company's profile.

 Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 2 of 4

 Public Float

 The aggregate market value of
the "public float" (as defined in Form 40-F) of the Company's outstanding common shares, as at a date within 60
days prior to the filing date of the Form 40-F on March 31, 2025, was more than US$75 million.

 For purposes of Form 40-F:

 · the "public float" of specified securities
shall mean only such securities held by persons other than affiliates of the issuer;

 · an "affiliate" of a person is anyone
who beneficially owns, directly or indirectly, or exercises control or direction over, more than 10% of the outstanding equity shares
of such person, with the determination of a person's affiliates to be made as of the end of such person's most recently completed
fiscal year;

 · "equity shares" mean common shares,
non-voting equity shares and subordinate or restricted voting equity shares, but shall not include preferred shares; and

 · the market value of outstanding equity shares
(whether or not held by affiliates) shall be computed by use of the price at which the shares were last sold, or the average of the bid
and asked prices of such shares, in the principal market for such shares as of a date within 60 days prior to the date of filing.

 On March 28, 2025 (the last
business day prior to filing the Annual Report on Form 40-F on March 31, 2025), there were 136,621,488 common shares of the
Company (the only "equity shares" of the Company) issued and outstanding. Based on public filings and other information available
to the Company, the only "affiliate" (as defined in Form 40-F and described above) of the Company as at December 31,
2024 (the end of the Company's most recently completed fiscal year, as required by Form 40-F) was OR Royalties Inc. (formerly,
Osisko Gold Royalties Ltd). Based on information available to the Company, OR Royalties Inc. held 33,333,366 common shares of the Company
as at March 28, 2025. On March 28, 2025, the closing price of the Company's common shares on the New York Stock Exchange
(the Company's primary trading market) was US$1.49. As a result, the "public float" for purposes of Form 40-F was
[136,621,488 – 33,333,366] X US$1.49 = US$153,899,301.

 If the public float were calculated
as at September 11, 2025, the date immediately prior to filing of the Form F-3 Registration Statement on September 12,
2025, there were 238,586,763 common shares of the Company issued and outstanding, there were 33,333,366 common shares of the Company held
by OR Royalties Inc., the only "affiliate" (as defined in Form 40-F, and determined as at December 31, 2024 as required
by Form 40-F) of the Company, and the closing price of the Company's common shares on the

 Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 3 of 4

 New York Stock Exchange (the Company's
primary trading market) was US$3.13. As a result, the "public float" for purposes of Form 40-F was [238,586,763 –
33,333,366] X US$3.13 = US$642,443,132.

 If the public float were calculated
as at October 14, 2025, the date immediately prior to the date of this letter, there were 239,629,235 common shares of the Company
issued and outstanding, there were 33,333,366 common shares of the Company held by OR Royalties Inc., the only "affiliate"
(as defined in Form 40-F, and determined as at December 31, 2024 as required by Form 40-F) of the Company, and the closing
price of the Company's common shares on the New York Stock Exchange (the Company's primary trading market) was US$3.59. As
a result, the "public float" for purposes of Form 40-F was [239,629,235 – 33,333,366] X US$3.59 = US$740,602,169.

 MJDS Eligibility

 Because the Company satisfies
all of the above requirements set forth in Form 40-F (which are also substantially identical to those set forth in Form F-10
under the MJDS) as at the various dates set forth above, the Company was and is eligible to file under the MJDS.

 * * *

 We
thank you for your prompt attention to this letter responding to the Staff's Comment Letter and look forward to hearing from you
at your earliest convenience. Please direct any questions concerning this filing to the undersigned at +1 514-607-6045 or lfarmer@osiskodev.com .

 Sincerely,

 ____ _/s/ Laurence Farmer_ _______

 Laurence Farmer

 General Counsel and Vice President,

 Strategic Development

 OSISKO DEVELOPMENT CORP.

 cc:

 Via Email

 Thomas M. Rose, Troutman Pepper Locke LLP

 Shona C. Smith, Troutman Pepper Locke LLP

 Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 4 of 4
2025-09-30 - UPLOAD - Osisko Development Corp. File: 333-290216
September 30, 2025
Sean Roosen
Chief Executive Officer
Osisko Development Corp.
1100 Avenue des Canadiens-de-Montréal
Suite 300
Montréal, Québec
H3B 2S2
Canada
Re:Osisko Development Corp.
Registration Statement on Form F-3
Filed September 12, 2025
File No. 333-290216
Dear Sean Roosen:
            We have conducted a limited review of your registration statement and have the
following comments.
            Please respond to this letter by amending your registration statement and providing
the requested information. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information
you provide in response to this letter, we may have additional comments.
Registration Statement on Form F-3
General
We note you have incorporated by reference your Annual Report on Form 40-F for
fiscal year ended December 31, 2024, as well as your NI 43-101 Technical Report,
Feasibility Study for the Cariboo Gold Project on Form 6-K, which does not provide
the mining disclosure requirements of subpart 1300 of Regulation S-K and the
technical report summary requirements in Item 601(b)(96). See for example the
technical report summary required under Item 1302(b)(2) of Regulation S-K. Section
II.H.1.i. of the Final Rule “Modernization of Property Disclosures for Mining
Registrants” (October 31, 2018) provides "the sole group of Canadian registrants that 1.

September 30, 2025
Page 2
could continue to report pursuant to Canadian disclosure requirements following
adoption of the revised mining disclosure rules would be those Canadian issuers that
report pursuant to the Multijurisdictional Disclosure System (‘MJDS’)."

Please provide us with your analysis supporting your determination that you are
currently eligible to file under the MJDS.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            Please contact Michael Purcell at 202-551-5351 or Irene Barberena-Meissner at 202-
551-6548 with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc:Thomas Rose
2025-04-21 - UPLOAD - Osisko Development Corp. File: 005-93873
<DOCUMENT>
<TYPE>TEXT-EXTRACT
<SEQUENCE>2
<FILENAME>filename2.txt
<TEXT>
 April 21, 2025

Ryan Schedler
Reporting Person
Condire Management, LP
1717 McKinney Ave., Suite 850
Dallas, TX, 75202

 Re: Osisko Development Corp.
 Schedule 13D filed February 4, 2025 by Ryan Schedler et. al
 File No. 005-93873
Dear Ryan Schedler:

 We have conducted a limited review of the above-captioned filing and
have the
following comment.

 Please respond to this letter by amending the filing or by providing
the requested
information. If you do not believe our comment applies to your facts and
circumstances or
that an amendment is appropriate, please advise us why in a response letter.

 After reviewing any amendment to the filing and any information provided
in
response to this comment, we may have additional comments.

Schedule 13D filed February 4, 2025
General

1. We note that the event reported as requiring the filing of the Schedule
13D was
 November 7, 2024. Rule 13d-1(a) of Regulation 13D-G requires the filing
of a
 Schedule 13D within five business days after the date beneficial
ownership of more
 than five percent of a class of equity securities specified in Rule
13d-1(i)(1) was
 acquired. Based on the November 7, 2024 event date, the Schedule 13D
submitted on
 February 4, 2025 was not timely filed. Please advise us why the Schedule
13D was
 not filed within the required five business days after the date of the
acquisition.
 We remind you that the filing persons are responsible for the accuracy
and adequacy
of their disclosures, notwithstanding any review, comments, action or absence
of action by
the staff.

 Please direct any questions to Blake Grady at 202-551-8573 or Nicholas
Panos at
202-551-3266.
 April 21, 2025
Page 2

 Sincerely,

 Division of Corporation Finance
 Office of Mergers & Acquisitions
</TEXT>
</DOCUMENT>