Osisko sells San Antonio gold project to Axo Copper; shares rise

Shares of Canada's Osisko Development ODV.V rise 4% to C$3.2

Company enters agreement to sell its 100% interest in the San Antonio Gold Project in Mexico to Axo Copper AXO.V

AXO will acquire Sapuchi Minera, the subsidiary that owns the project

Co agrees to hold its Axo shares for at least 12 months post-transaction and meet certain conditions for 24 months after completion

ODV adds that the project is not considered a material property of the company and has been in care and maintenance since the third quarter of 2023

Including session's move, shares 99% YTD