Interlink Capital Strategies Announces Acquisition of Tintic Consolidated by Canadian Public Company Osiko Development

6/13/22 Washington, D.C. – Interlink Capital Strategies is announcing the successful acquisition by Osisko Development Corp. (TSX: ODV.V) of Tintic Consolidated Metals LLC, a precious metals mining company based in Eureka, Utah. This acquisition gives Osisko Development control of over 17,000 acres of mining rights and land in Utah’s historic Tintic Mining District. Most notably this acquisition includes the Trixie Mine, which is renowned as potentially one of the highest grade gold and silver mines in the world. ​

---

Mr. Chris Lodder, President of Osisko Development, stated: “We have been looking at the Tintic district for over 10 years as a copper-gold porphyry target and with the discovery of the high grade T2 gold structure, we were given the opportunity by the Tintic partners to visit and carry out due diligence ahead of other competitors, ultimately culminating in the acquisition of this fantastic growth opportunity in one of the top mining jurisdictions in the world with a best-in-their-class management and operating team.”

Once the transaction is finalized Osisko Development will pay approximately US$177 million, of which approximately US$54 million will be paid in cash. With over 23 past-producing precious metal and polymetallic mines in the Tintic district, as well as new small-scale exploration mining, the Trixie Mine shows promise for high grade precious metal discoveries and continued expansion of known polymetallic and porphyry mineralization.
​
Interlink Capital Strategies is a Washington, DC based,  majority women-owned financial advisory, fund management and consulting firm that has focused on structuring and financing transactions worldwide.  Interlink’s Chairman, Tim Bridgewater served as advisor and interim CFO to Tintic and assisted in raising approximately $30 million of equity and debt for the company from inception in 2019 through 2021. “We are proud to have been part of Tintic’s success in early rounds of capital investment and development.  The acquisition by Osisko will provide long-term economic development in a rural and economically depressed region of Utah,” noted Bridgewater.  Providing good jobs in a depressed rural area and sourcing production from U.S. based sources in a time of strained supply chains and worldwide economic uncertainty is an example of the firm’s attempts to be part of the solution.  Working towards a more inclusive and sustainable world is Interlink Capital Strategies’ goal in seeking to support projects such as these. 

​