Agnico Eagle Mines to Invest in Radisson Mining Resources

MT newswire2026/08/24 11:34

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07:34 AM EDT, 08/24/2026 (MT Newswires) -- Agnico Eagle Mines (AEM) has agreed to invest 57.2 million Canadian dollars ($41.3 million) in Radisson Mining Resources through a non-brokered private placement, the company said Monday. Agnico Eagle will acquire 53.4 million Radisson units at CA$1.07 each, with each unit consisting of one common share and one-half of a warrant. The warrants will have an exercise price of CA$1.39 and expire five years after closing, the company said. The transaction is expected to close around Sept. 2, Agnico Eagle said. Upon closing, Agnico Eagle and Radisson will also enter an investor rights agreement giving Agnico Eagle certain board nomination and participation rights in future equity offerings, the company said.

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