AGNICO EAGLE ANNOUNCES INVESTMENT IN RADISSON MINING RESOURCES INC.

Rhea-AI Summary

Agnico Eagle (NYSE: AEM, TSX: AEM) entered into a subscription agreement to acquire 53,420,000 units of Radisson Mining Resources at C$1.07 per unit in a non-brokered private placement, for total proceeds of C$57,159,400. Each unit includes one common share and half a warrant. Each whole warrant allows purchase of one share at C$1.39 for 60 months, subject to potential acceleration.

On closing, Agnico Eagle is expected to hold about 10.45% of Radisson on a non-diluted basis and 14.90% on a partially-diluted basis. An investor rights agreement will grant board nomination and participation/anti-dilution rights, plus advance notice and restrictions on certain mineral property transactions through December 31, 2028.

Positive

• C$57.16 million strategic investment into Radisson through private placement units
• Post-closing ownership of about 10.45% non-diluted and 14.90% partially diluted in Radisson
• Long-dated 26,710,000 warrants exercisable at C$1.39 for 60 months
• Investor rights include board nomination and participation rights to maintain up to 14.9% ownership
• Advance notice and restrictions on certain Radisson mineral property transactions until December 31, 2028

Negative

• Requires cash outlay of approximately C$57.16 million for the investment
• Private placement closing is subject to TSX Venture Exchange approval and other conditions

News Explained

The Radisson private placement remains pending, not completed: it is subject to TSX Venture Exchange approval and other closing conditions, with closing expected around September 2, 2026; if it closes, Agnico Eagle receives the disclosed shares and warrants and Radisson receives C$57,159,400.

Market Context

Historical news_id 1086653 produced a 0.43% move after a comparable private placement. That preceden...

Analysis

Historical news_id 1086653 produced a 0.43% move after a comparable private placement. That precedent provides a relevant financing comparison; TSX Venture Exchange approval and the stated closing conditions remain key items to monitor.

Key Figures

Private placement consideration: C$57,159,400 Units acquired: 53,420,000 units Unit price: C$1.07 per Unit +5 more

8 metrics

Private placement consideration C$57,159,400 Radisson private placement

Units acquired 53,420,000 units Radisson private placement

Unit price C$1.07 per Unit Radisson private placement

Warrant exercise price C$1.39 Each whole warrant

Warrant term sixty months Following the closing date

Expected closing date September 2, 2026 Subject to closing conditions

Non-diluted ownership approximately 10.45% Expected ownership after closing

Partially-diluted ownership approximately 14.90% Assuming warrant exercise

Historical Context

5 past events · Latest: Jul 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 29	Second-quarter earnings	Positive	+4.4%	Record free cash flow and solid quarterly operating performance
Jul 24	Strategic private placement	Positive	+0.4%	Agnico agreed to acquire additional Cadillac Mines shares
Jul 02	Operational disruption	Negative	-0.6%	Barnat wall movement temporarily suspended mining and reduced production outlook
Jun 29	Earnings release notice	Neutral	-2.2%	Company scheduled second-quarter results and conference call
Jun 16	Arrangement closing	Positive	+2.3%	Agnico completed acquisition of remaining Rupert Resources shares

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Historical reactions mostly aligned with the reported event direction, with one divergence.

Key Terms

private placement, subscription agreement, warrant, investor rights agreement, +1 more

5 terms

private placement financial

"acquire, in a non-brokered private placement, 53,420,000 units"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

subscription agreement financial

"entered into a subscription agreement dated August 24, 2026"

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

warrant financial

"one-half of one common share purchase warrant of Radisson"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

investor rights agreement financial

"will enter into an investor rights agreement"

A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

early warning report regulatory

"An early warning report will be filed by Agnico Eagle"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, Aug. 24, 2026 /PRNewswire/ -- Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has entered into a subscription agreement dated August 24, 2026 (the "Subscription Agreement") with Radisson Mining Resources Inc. (TSX-V: RDS) ("Radisson"), pursuant to which Agnico Eagle agreed to acquire, in a non-brokered private placement, 53,420,000 units ("Units") of Radisson at a price of C$1.07 per Unit for total consideration of C$57,159,400 (the "Private Placement"). Each Unit is comprised of one Class A common share of Radisson (a "Common Share") and one-half of one common share purchase warrant of Radisson (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$1.39 for a period of sixty months following the closing date of the Private Placement, subject to acceleration in certain circumstances.

The Private Placement is subject to certain closing conditions, including approval of the TSX Venture Exchange, and is expected to close on or about September 2, 2026.

Prior to entering into the Subscription Agreement, Agnico Eagle did not own any Common Shares or Warrants. On closing of the Private Placement, Agnico Eagle is expected to own 53,420,000 Common Shares and 26,710,000 Warrants, representing approximately 10.45% of the issued and outstanding Common Shares on a non-diluted basis and approximately 14.90% of the Common Shares on a partially-diluted basis (assuming exercise of the Warrants held by Agnico Eagle at such time).

On closing of the Private Placement, Agnico Eagle and Radisson will enter into an investor rights agreement, pursuant to which Agnico Eagle will be entitled to certain rights, provided it maintains certain ownership thresholds in Radisson, including: (a) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of Radisson to eight or more directors, two persons) to the board of directors of Radisson; and (b) the right to participate in certain equity offerings in order to maintain or acquire up to the greater of Agnico Eagle's then-current ownership interest and an ownership interest of 14.9% (on a partially-diluted basis) in Radisson, and a separate top-up right in respect of certain dilutive issuances permitting Agnico Eagle to maintain its then-current ownership interest (on a partially-diluted basis) in Radisson. In addition, the investor rights agreement will provide for certain restrictions, from closing of the Private Placement through to December 31, 2028, on specified transactions involving Radisson's mineral properties, including dispositions and certain royalty, stream, offtake and secured financing transactions, and thereafter a sixty-day advance notice right in respect of such transactions for so long as Agnico Eagle maintains certain ownership thresholds in Radisson.

Agnico Eagle is acquiring the Common Shares and Warrants as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, Warrants or other securities of Radisson or dispose of some or all of the Common Shares, Warrants or other securities of Radisson that it owns at such time.

An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

Investor Relations
Agnico Eagle Mines Limited
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle's head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Radisson's head office is located at 50 rue du Petit-Canada, Rouyn-Noranda, QC J0Y 1C0.

About Agnico Eagle

Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. Agnico Eagle is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Forward-Looking Statements

The information in this news release has been prepared as at August 24, 2026. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "may", "will" or similar terms.

Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle's acquisition of Common Shares and Warrants pursuant to the Private Placement, the expected closing and closing date of the Private Placement, Agnico Eagle's expected ownership interest in Radisson upon closing of the Private Placement, the investor rights agreement to be entered into between Agnico Eagle and Radisson on closing of the Private Placement and Agnico Eagle's acquisition or disposition of securities of Radisson in the future.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

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SOURCE Agnico Eagle Mines Limited

FAQ

What did Agnico Eagle (AEM) announce regarding its investment in Radisson Mining on August 24, 2026?

Agnico Eagle agreed to invest C$57,159,400 in Radisson Mining via a non-brokered private placement. According to Agnico Eagle, it will subscribe for 53,420,000 units at C$1.07 per unit, each unit containing one share and half a warrant.

How large will Agnico Eagle’s ownership stake in Radisson Mining (TSX-V: RDS) be after the AEM private placement?

After closing, Agnico Eagle expects to own about 10.45% of Radisson’s common shares on a non-diluted basis. According to Agnico Eagle, its interest would be approximately 14.90% on a partially diluted basis, assuming exercise of the 26,710,000 warrants it will hold.

What are the key terms of the warrants Agnico Eagle receives in the Radisson Mining deal?

Each whole warrant lets Agnico Eagle buy one Radisson common share at C$1.39 for 60 months after closing. According to Agnico Eagle, the warrants are also subject to acceleration in certain circumstances defined in the transaction documents.

What investor rights does Agnico Eagle gain from its Radisson Mining investment?

Agnico Eagle will enter an investor rights agreement granting board nomination and participation rights in future equity offerings. According to Agnico Eagle, it can maintain or acquire up to the greater of its then-current stake and 14.9% on a partially diluted basis.

How does the Agnico Eagle (AEM) and Radisson Mining agreement affect future mineral property transactions?

The investor rights agreement will restrict certain mineral property transactions by Radisson until December 31, 2028. According to Agnico Eagle, specified dispositions, royalty, stream, offtake and secured financing deals will be limited, with a 60-day advance notice right thereafter if ownership thresholds are maintained.

When is the Agnico Eagle private placement in Radisson Mining expected to close and what approvals are needed?

The private placement is expected to close on or about September 2, 2026, subject to conditions. According to Agnico Eagle, the transaction requires approval from the TSX Venture Exchange, along with other customary closing conditions under the subscription agreement.