Radisson Mining Resources Inc. has entered into a subscription agreement for a C$57.16 million strategic investment by Agnico Eagle Mines Limited through a private placement of 53,420,000 units at C$1.07 per unit.

The transaction gives Agnico Eagle an initial ownership stake of approximately 10.45% of Radisson's issued and outstanding common shares on a non-diluted basis, and roughly 14.90% on a partially diluted basis. Each unit consists of one Class A common share and one-half of a common share purchase warrant. The whole warrants are exercisable at C$1.39 for 60 months, subject to acceleration if the volume-weighted average price exceeds C$1.85 for 20 consecutive trading days after 24 months.

The capital will fund an advanced underground exploration program at the 100%-owned O'Brien Gold Project along the Larder-Lake-Cadillac Break in Québec's Abitibi region. Engineering and permitting work will begin immediately. Planned infrastructure includes an access ramp, related surface and underground facilities, and water management systems. A Preliminary Economic Assessment for O'Brien, effective June 27, 2025, outlined an 11-year mine life and evaluated using existing regional infrastructure for processing and tailings.

Radisson will continue its ongoing 140,000-metre step-out drill program, funded from existing cash resources.

Closing is subject to customary conditions, including TSX Venture Exchange approval. Upon completion, the companies will enter an investor rights agreement granting Agnico Eagle board nomination rights, participation and top-up rights to maintain its ownership interest, and specific transaction restrictions through December 31, 2028.

“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. This is a milestone step for Radisson. The Advanced Underground Exploration Program that will now commence is designed to extend our understanding of potential mining conditions at O'Brien, including the continuity of mineralization, the geotechnical setting, potential mining methods, and processing criteria.”

— Matt Manson, President and CEO

The non-brokered private placement will proceed without commissions or finder's fees.

Read the full announcement: Radisson Announces C$57 Million Strategic Investment by Agnico Eagle to Support an Advanced Underground Exploration Program