Agnico Eagle Mines Ltd announces investment in Radisson Mining Resources Inc

Agnico Eagle Mines Limited announced that it has entered into a subscription agreement dated August 24, 2026, with Radisson Mining Resources Inc. pursuant to which Agnico Eagle agreed to acquire, in a non-brokered private placement, 53,420,000 units of Radisson at C$1.07 per Unit for total consideration of C$57,159,400. Each Unit is comprised of one Class A common share of Radisson and one-half of one common share purchase warrant of Radisson.

Each Warrant entitles the holder to acquire one Common Share at 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.

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.

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, recognised 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.