AEM · Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is executing a strategic expansion into the Yukon region through a comprehensive transaction structure involving equity investment and earn-in rights. The company will invest a total of C$7,621,978 to acquire a significant minority stake in Cascadia Minerals Ltd., representing approximately 14.21% on a non-diluted basis and 19.90% on a partially-diluted basis. This investment provides Agnico Eagle with exposure to Cascadia's exploration potential while securing strategic rights through an investor rights agreement, including participation rights in future financings and board nomination privileges. The transaction structure includes two components: a direct private placement subscription and secondary purchases from sellers participating in a flow-through offering. Concurrent with the equity investment, Agnico Eagle secured the right to earn a 51% interest in the Catch property, with an additional option to acquire a further 29% stake, potentially resulting in an 80% controlling interest. The separate Strategic Alliance Agreement establishes a framework for regional exploration across the Stikine Terrane, with Agnico Eagle committing to fund generative exploration work over three years. This multi-faceted approach aligns with Agnico Eagle's stated strategy of acquiring strategic positions in prospective opportunities with high geological potential. The transactions remain subject to TSX Venture Exchange approval, with closing expected by mid-April 2026.