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Cascadia Announces Strategic Exploration Alliance, Earn-In Agreement and Equity Investment with Agnico Eagle
Cascadia Announces Strategic Exploration Alliance, Earn-In Agreement and Equity Investment with A...
About this update from Agnico Eagle Mines Limited
[{"type":"text","content":"\n\n\nCascadia Announces Strategic Exploration Alliance, Earn-In Agreement and Equity Investment with Agnico Eagle\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, March 30, 2026 /CNW/ - Cascadia Minerals Ltd. (\"Cascadia\") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce that it has entered into a strategic alliance agreement (the \"Strategic Alliance Agreement\") with Agnico Eagle Mines Limited (\"Agnico Eagle\") (TSX: AEM) (NYSE: AEM), pursuant to which the parties have established a multi-year strategic alliance (the \"Strategic Alliance\") for the identification and advancement of gold-copper exploration properties in Yukon's Stikine Terrane. Cascadia and Agnico Eagle have also entered into an earn-in agreement (the \"Catch Earn-In Agreement\"), under which Agnico Eagle may earn an interest in Cascadia's Catch Property (the \"Catch Earn-In\"). Concurrently with the entering into of these agreements, Agnico Eagle has agreed to acquire securities representing an ownership interest in Cascadia of approximately 19.90% on a partially-diluted basis. Unless otherwise indicated, all dollar amounts are stated in Canadian dollars.HighlightsThe Strategic Alliance will focus on gold and copper exploration in Yukon's Stikine Terrane, which extends into Yukon from British Columbia's Golden Triangle and is a highly prospective and underexplored target area for gold-copper porphyry mineralization;A minimum of $500,000 per year of generative exploration will be funded by Agnico Eagle through the Strategic Alliance;Cascadia's Macks, Milner, Byng and Mars properties, as well as 2,834 claims recently staked by Cascadia, will be explored as part of the Strategic Alliance;The Catch Earn-In Agreement provides Agnico Eagle with the right to earn up to an 80% interest in Cascadia's Catch Property by funding $30 million in work expenditures over a six-year period;Up to $5 million in exploration funded by Agnico Eagle is planned for the 2026 field season under the Strategic Allia...