Agnico Eagle Mines Limited is writing a C$57.2M cheque to get into Radisson Mining Resources' O'Brien Gold Project — and attaching governance strings that go well beyond a passive equity stake.

Under a subscription agreement dated August 24, 2026, Agnico Eagle will acquire 53,420,000 units of Radisson at C$1.07 per unit, for total consideration of C$57,159,400 in a non-brokered private placement expected to close on or about September 2. Each unit carries one Class A common share and one-half of one warrant; each whole warrant is exercisable at C$1.39 for 60 months from closing, subject to acceleration in certain circumstances. The price represents a 6% premium to Radisson's August 21, 2026 closing price and sits 19% above its 20-day VWAP, per StockTitan.

On closing, Agnico Eagle will hold 10.45% of Radisson on a non-diluted basis and 14.90% on a partially diluted basis assuming full warrant exercise. An investor rights agreement adds board nomination and participation rights, anti-dilution protections, and advance notice plus restrictions on certain mineral property transactions through December 31, 2028, per the Globe and Mail and StockTitan. The financing gives Agnico Eagle contractual influence over future financings and certain property-level decisions.

The asset drawing that capital is O'Brien, located in Quebec's Abitibi region. The project hosts the former O'Brien Mine, described in company materials as having been Quebec's highest-grade gold producer during its operating life. Current Indicated Mineral Resources stand at 0.63 Moz (3.49 Mt at 5.59 g/t Au), with Inferred Mineral Resources of 1.69 Moz (10.37 Mt at 5.08 g/t Au), per Radisson Mining's official investor releases.

The economics in the July 2025 Preliminary Economic Assessment are substantial: after-tax NPV at a 5% discount rate of C$532 million, an IRR of 48%, initial capital expenditure of C$175 million, and a 2.0-year payback, over an 11-year mine life using existing regional infrastructure, per Radisson Mining press releases.

Proceeds from the placement are earmarked specifically for the underground program at O'Brien — ramp development, underground and surface infrastructure, and water management facilities. Radisson's existing cash will separately fund a 140,000-metre surface drilling program. Radisson expected to end 2025 with approximately C$32 million in treasury (per a February 23, 2026 press release), a position subsequently supplemented by a C$25 million flow-through financing closed May 28, 2026, per the Radisson investor page.

Matt Manson, Radisson's president and CEO, said: "We are very happy to welcome Agnico Eagle as a significant shareholder for the next stage of exploration and development at the O'Brien Gold Project."

The deal lands against a gold market that closed the week ending August 29, 2026 at multi-month highs. December gold futures climbed to a three-month high on August 28, hitting $4,569.40 per ounce, per CNBC.

The TSX Venture Exchange must still approve the transaction before the anticipated September 2 close. Under the investor rights agreement, Agnico Eagle holds board nomination rights and participation rights through December 31, 2028, per the Globe and Mail and StockTitan — the contractual framework is already in place.