Agnico Eagle (NYSE: AEM) adds to its Canada Nickel position

Rhea-AI Filing Summary

Agnico Eagle Mines Limited (AEM), through its wholly owned subsidiary Avenir Minerals Limited, made an additional strategic investment in Canada Nickel Company Inc. Avenir acquired 666,667 Units in a non-brokered private placement at C$1.50 per Unit, for total consideration of C$1,000,000.50. Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$2.25 for 36 months. After this transaction and concurrent Canada Nickel issuances, Avenir holds 22,467,926 common shares and 8,293,962 warrants, representing approximately 8.68% of Canada Nickel on a non-diluted basis and 11.52% on a partially-diluted basis. Agnico Eagle also holds investor rights in Canada Nickel, including participation rights in offerings and a board nomination right contingent on ownership thresholds.

Filing Explained

Although the investor rights agreement includes a board nomination right, the filing says Agnico has no present intention of exercising it.

This Form 6-K is an interim report from Agnico Eagle Mines Limited furnishing its August 28, 2026 announcement. The completed purchase increased Avenir's holdings to 22,467,926 Common Shares and 8,293,962 Warrants, but concurrent Canada Nickel issuances left its reported ownership at 8.68% non-diluted and 11.52% partially diluted, down from 8.91% and 11.78% immediately before the placement.

The transaction is a private placement—a sale to selected investors outside a public offering—and the warrants provide the capacity to acquire Canada Nickel shares later rather than representing shares issued through warrant exercise at this stage. The lower ownership percentages reflect the effect of additional Canada Nickel securities increasing the share count.

The filing says an amended early warning report will be filed under applicable securities laws.

Key Figures

Units acquired: 666,667 Units Unit purchase price: C$1.50 per Unit Total consideration: C$1,000,000.50 +5 more

8 metrics

Units acquired 666,667 Units Units of Canada Nickel acquired by Avenir in the private placement

Unit purchase price C$1.50 per Unit Price paid by Avenir for each Unit in the private placement

Total consideration C$1,000,000.50 Aggregate amount paid by Avenir for 666,667 Units

Warrant exercise price C$2.25 per Common Share Exercise price of each whole common share purchase warrant

Warrant term 36 months Period after closing during which each warrant is exercisable

Post-transaction common shares 22,467,926 Common Shares Common Shares of Canada Nickel beneficially owned or controlled after the private placement

Post-transaction warrants 8,293,962 Warrants Warrants of Canada Nickel beneficially owned or controlled after the private placement

Ownership percentage (partially-diluted) 11.52% Avenir and Agnico Eagle’s partially-diluted ownership of Canada Nickel after the private placement

Key Terms

non-brokered private placement, common share purchase warrant, partially-diluted basis, early warning report, +2 more

6 terms

non-brokered private placement financial

"for total consideration of C$1,000,000.50 pursuant to a non-brokered private placement"

A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.

common share purchase warrant financial

"one-half of one common share purchase warrant of Canada Nickel"

A common share purchase warrant is a tradable contract that gives its holder the right, but not the obligation, to buy a company’s common stock at a specified price within a set period. Think of it like a coupon for future shares: if the stock rises above the coupon price it can boost returns for the holder, but when used it increases the number of outstanding shares and can reduce each existing shareholder’s ownership and affect the company’s cash position.

partially-diluted basis financial

"on a non-diluted basis and 11.78% of the issued and outstanding Common Shares on a partially-diluted basis"

A partially-diluted basis is a way of counting a company’s shares that includes currently outstanding shares plus certain likely additional shares from things like vested options, warrants, and convertible securities, but excludes more speculative or unissued items. For investors it gives a more realistic view of ownership stakes and per-share figures — like earnings per share — by showing dilution that is probable today, much as counting people with purchased tickets (but not those who might buy later) gives a clearer sense of how full a theater really is.

early warning report regulatory

"Agnico Eagle filed an early warning report disclosing that it owned Common Shares"

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.

investor rights agreement regulatory

"are party to an investor rights agreement dated December 29, 2023"

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.

forward-looking statements regulatory

"Certain statements in this news release, referred to herein as “forward-looking statements”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What investment did AGNICO EAGLE MINES (AEM) announce in this Form 6-K?

Agnico Eagle, through Avenir Minerals Limited, acquired 666,667 Units of Canada Nickel Company Inc. at C$1.50 per Unit in a non-brokered private placement for total consideration of C$1,000,000.50.

What does each Unit purchased by AEM’s subsidiary Avenir include?

Each Unit includes one common share of Canada Nickel and one-half of one common share purchase warrant. Each whole warrant allows the holder to buy one common share at C$2.25 for 36 months after the private placement closing.

What is AEM’s ownership in Canada Nickel after the private placement?

After the private placement, Avenir, together with its joint actor Agnico Eagle, beneficially owns 22,467,926 common shares and 8,293,962 warrants, representing about 8.68% non-diluted and 11.52% partially-diluted ownership of Canada Nickel.

How did AEM’s percentage ownership in Canada Nickel change with this investment?

Immediately before the private placement, Avenir and Agnico Eagle held about 8.91% non-diluted and 11.78% partially-diluted. After the transaction and concurrent Canada Nickel issuances, they hold about 8.68% non-diluted and 11.52% partially-diluted.

What investor rights does AEM have in Canada Nickel under their agreement?

Under an investor rights agreement dated December 29, 2023, Agnico Eagle has rights to participate in certain equity offerings and top up holdings to maintain up to 15.6% partially-diluted ownership, and a conditional right to nominate one director to Canada Nickel’s board.

What is the strategic rationale stated by AEM for the Canada Nickel investment?

Avenir acquired the Canada Nickel common shares and warrants as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential.

Can AEM change its position in Canada Nickel in the future?

Yes. The disclosure states that, depending on market conditions, strategic priorities and other factors, Avenir and Agnico Eagle may acquire additional securities of Canada Nickel or dispose of some or all of the securities they own.

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Available on EDGAR 08/31/2026 - 02:54 PM Accepted by SEC EDGAR 08/31/2026 - 02:54 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of August, 2026

Commission File Number 001-13422

AGNICO EAGLE MINES LIMITED

(Translation of registrant’s name into English)

145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F  ¨   Form 40-F  x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)( 1): _____

Note: Regulation S-T Rule 101 (b)( 1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7):  _____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes  ¨    No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .

EXHIBITS

Exhibit No.	Exhibit Description
99.1	Press Release dated August 28, 2026 announcing the additional investment in Canada Nickel Company Inc. by Avenir Minerals Limited

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AGNICO EAGLE MINES LIMITED
	(Registrant)
Date: 08/31/2026	By:	/s/ Chris Vollmershausen
		Chris Vollmershausen
		Executive Vice-President, Legal, General Counsel & Corporate Secretary

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Exhibit 99.1

 

Stock Symbol:	AEM (NYSE and TSX)
For further information:	Investor Relations
	(416) 947-1212

ADDITIONAL INVESTMENT IN CANADA NICKEL COMPANY INC.
BY AVENIR MINERALS LIMITED

Toronto (August 28, 2026) – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that Avenir Minerals Limited (“Avenir”), a wholly-owned subsidiary of Agnico Eagle, acquired 666,667 units (“Units”) of Canada Nickel Company Inc. (“Canada Nickel”) at a price of C$1.50 per Unit for total consideration of C$1,000,000.50 pursuant to a non-brokered private placement (the “Private Placement”). Each Unit is comprised of one common share of Canada Nickel (a “Common Share”) and one-half of one common share purchase warrant of Canada Nickel (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of C$2.25 for a period of 36 months following the closing date of the Private Placement.

On December 29, 2023, Agnico Eagle filed an early warning report disclosing that it owned Common Shares and Warrants representing approximately 12.0% and 15.6% of the then-issued and outstanding Common Shares on a non-diluted basis and partially-diluted basis, respectively. Thereafter, Canada Nickel completed certain dilutive securities issuances.

Immediately prior to the Private Placement, Avenir, together with its joint actor, Agnico Eagle, beneficially owned, or exercised control or direction over, 21,801,259 Common Shares and 7,960,629 Warrants, representing approximately 8.91% of the issued and outstanding Common Shares on a non-diluted basis and 11.78% of the issued and outstanding Common Shares on a partially-diluted basis (assuming the exercise of the Warrants beneficially owned, or over which control or direction is exercised, by Avenir at such time). Following the Private Placement, Avenir beneficially owns, or exercises control or direction over, 22,467,926 Common Shares and 8,293,962 Warrants, representing approximately 8.68% of the issued and outstanding Common Shares on a non-diluted basis and approximately 11.52% of the issued and outstanding Common Shares on a partially-diluted basis (assuming the exercise of the Warrants beneficially owned, or over which control or direction is exercised, by Avenir at such time), in each case, after giving effect to all other security issuances completed by Canada Nickel concurrently with the Private Placement.

Agnico Eagle and Canada Nickel are party to an investor rights agreement dated December 29, 2023, pursuant to which Agnico Eagle is entitled to certain rights, provided it maintains, directly or indirectly, certain ownership thresholds in Canada Nickel, including: (a) the right to participate in certain equity offerings and top-up its holdings in relation to dilutive issuances in order to maintain or acquire up to the greater of Agnico Eagle’s then-current ownership interest and an ownership interest of 15.6% (on a partially-diluted basis) in Canada Nickel; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person to the board of directors of Canada Nickel.

Avenir acquired 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, Avenir and Agnico Eagle may each, from time to time, acquire (directly or indirectly, through one or more of their respective affiliates) additional Common Shares, Warrants or other securities of Canada Nickel or dispose of some or all of the Common Shares, Warrants or other securities of Canada Nickel that it owns at such time.

An amended 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

Each of Agnico Eagle’s and Avenir’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Canada Nickel’s head office is located at 130 King Street West, Suite 1900, Toronto, Ontario M5X 1E3.

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.

For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.

Forward-Looking Statements

The information in this news release has been prepared as at August 28, 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.

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Forward-looking statements in this news release include, without limitation, statements relating to the acquisition or disposition of securities of Canada Nickel by Avenir and/or Agnico Eagle 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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Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 12.5 KB