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AGNICO EAGLE ANNOUNCES FINANCING AND STRATEGIC ALLIANCE WITH CASCADIA MINERALS LTD.

AEM
  • Agnico Eagle Mines Limited agreed to purchase 19,315,300 units of Cascadia Minerals Ltd. at C$0.26 per unit for a total consideration of C$5,021,978 under a non-brokered private placement.
  • Each unit consists of one common share & one-half of a common share purchase warrant exercisable at $0.32 per share for two years.
  • Agnico Eagle also agreed to acquire 10,000,000 units at C$0.26 per unit for C$2,600,000 from sellers in a concurrent flow-through offering.
  • The transactions are subject to TSX Venture Exchange approval & are expected to close around April 17, 2026.
  • Upon closing, Agnico Eagle will hold 29,315,300 common shares & 14,657,650 warrants, representing approximately 14.21% of issued shares & 19.90% on a partially-diluted basis.
  • An investor rights agreement will grant Agnico Eagle rights to participate in future financings, maintain pro rata ownership, acquire up to 19.99% interest, & potentially nominate directors to Cascadia's board.
  • Agnico Eagle & Cascadia entered a "Catch Earn-In Agreement" allowing Agnico Eagle to earn a 51% interest in the Catch property in Yukon, leading to a joint venture where Cascadia operates the project.
  • A strategic alliance agreement was established for exploration in the Stikine Terrane, with Agnico Eagle providing funding over three years & retaining rights to earn 51% interest in designated projects.
  • All earn-in rights are subject to TSX Venture Exchange acceptance.
  • Agnico Eagle will file an early warning report regarding the investment.