Agnico Eagle Mines Limited agreed to acquire 53,420,000 units of Radisson Mining Resources Inc. at a price of C$1.07 per unit, totaling C$57.16 million, the company said on Monday.
Each unit consists of one Class A common share and one-half of a common share purchase warrant. Each whole warrant allows holders to purchase one additional common share at C$1.39 within 60 months of the deal’s closing, subject to acceleration provisions. The transaction is expected to close around September 2, 2026.
Prior to the deal, Agnico Eagle held no shares or warrants in Radisson. Upon completion, the miner will own approximately 10.45% of Radisson’s issued and outstanding common shares on a non-diluted basis. On a partially diluted basis, assuming full warrant exercise, the stake rises to roughly 14.90%. An investor rights agreement grants Agnico Eagle participation rights to maintain or increase its stake up to 14.9%.
The agreement also provides Agnico Eagle with the right to nominate one director to Radisson’s board, contingent on meeting minimum equity thresholds. The company stated it currently has no plans to exercise this right. Additionally, Radisson is restricted from certain transactions involving its mineral properties—including disposals, royalties, streaming, off-take agreements, and secured financings—until December 31, 2028.
