Agnico Eagle Mines Announces Additional Investment in Osisko Metals

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[{"type":"text","content":" TORONTO, Dec. 16, 2025 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (\"Agnico Eagle\") announced today that it has acquired 26,000,000 common shares (the \"Common Shares\") of Osisko Metals Incorporated (\"Osisko\") pursuant to a non-brokered private placement at a price of C$0.48 per Common Share for total consideration of C$12,480,000 (the \"Private Placement\"). Agnico Eagle acquired the Common Shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Agnico Eagle continues to focus on its portfolio of high-quality internal growth projects, and complements its pipeline of projects with its practice of strategic equity investments in projects with high geological potential. Prior to the Private Placement, Agnico Eagle owned 41,210,000 Common Shares and 20,605,000 Common Share purchase warrants of Osisko (the \"Warrants\"), representing approximately 6.71% of the issued and outstanding Common Shares on a non-diluted basis and approximately 9.73% of the issued and outstanding Common Shares on a partially-diluted basis (assuming exercise of the Warrants). Following the Private Placement, Agnico Eagle owns 67,210,000 Common Shares and 20,605,000 Warrants, representing approximately 9.85% of the issued and outstanding Common Shares on a non-diluted basis and approximately 12.49% of the Common Shares on a partially-diluted basis (assuming exercise of the Warrants), in each case after giving effect to all other security issuances completed by Osisko concurrently with the Private Placement. In connection with its initial investment in Osisko, Agnico Eagle and Osisko entered into an investor rights agreement. On closing of the Private Placement, Agnico Eagle and Osisko entered into an amended and restated investor rights agreement, pursuant to which Agnico Eagle is entitled to certain rights (subject to maintaining or achieving, as applicable, certain ownership thresholds), including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain certain ownership thresholds in Osisko; and (b) the right (which Agnico Eagle has no present ability of exercising) to nominate between one and two individuals to the board of directors of Osisko upon achieving certain ownership thresholds and depen...

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