Agnico Eagle Announces C$22.4 Million Investment in Wallbridge Mining

Agnico Eagle Mines Limited announced a strategic investment in Wallbridge Mining Company Limited through a private placement. The company will purchase 243,927,966 common shares of Wallbridge at C$0.092 per share for total consideration of C$22,441,373. The transaction is expected to close on or about May 22, 2026, subject to Toronto Stock Exchange approval. Prior to this investment, Agnico Eagle owned approximately 9.44% of Wallbridge's common shares on a non-diluted basis. Upon closing, its ownership will increase to approximately 19.62% on a non-diluted basis. The companies will enter into an investor rights agreement granting Agnico Eagle participation rights in future equity financings and the right to nominate board members, though Agnico Eagle currently has no intention to exercise this nomination right. The investment aligns with Agnico Eagle's strategy of acquiring strategic positions in prospective opportunities with high geological potential. The company may acquire or dispose of additional Wallbridge securities depending on market conditions and strategic priorities.