On January 27, 2026, Axo Copper Corp. (“Axo Copper”), a mineral exploration company, announced the completion of its previously announced acquisition of the San Antonio gold project from Osisko Development Corp. (“Osisko Development”).
Axo Copper acquired Sapuchi Minera S. de R.L. de C.V. (“Sapuchi Minera”) from Osisko Development pursuant to (i) a securities purchase agreement with Osisko Development and (ii) a share issuance agreement with OR Royalties International Ltd. (“OR International”), a wholly-owned subsidiary of OR Royalties Inc. Sapuchi Minera holds a 100% interest in the San Antonio gold project located in Sonora State, Mexico. In connection with the transaction, Sapuchi Minera and OR International also entered into an amended and restated stream agreement.
Fasken advised Axo Copper with a team led by Bradley Freelan and including Allison Marks, Peter Garrett (Capital Markets and M&A), and Johanna Fipke (Mining).
Jurisdiction
- Ontario
