AGNICO EAGLE ANNOUNCES INVESTMENT IN CADILLAC MINES CORPORATION

Agnico Eagle Mines Limited has announced a minority investment in Cadillac Mines Corporation, agreeing to acquire 8,696,000 common shares at a price of C$6.90 per share for a total consideration of C$60,002,400. The subscription agreement was dated July 23, 2026, and the transaction is expected to close on or about August 5, 2026, subject to certain closing conditions, including Cadillac's initial public offering (IPO). Following the completion of this investment, Agnico Eagle’s ownership in Cadillac will increase to approximately 11.09%.

Agnico Eagle Mines, a leading Canadian mining company and the second-largest gold producer globally, operates across multiple countries including Canada, Australia, Finland, and Mexico. The company has a long-standing reputation for sustainable practices and has consistently delivered shareholder value since its inception in 1957. This investment aligns with Agnico Eagle's strategy of acquiring stakes in companies with promising geological potential, thereby enhancing its portfolio of mining assets.

Cadillac Mines Corporation, headquartered in Toronto, is in the process of launching its IPO, which is a pivotal step for the company as it seeks to raise capital and expand its operations. The investment from Agnico Eagle is expected to bolster Cadillac's financial position, providing the necessary resources to advance its projects and potentially accelerate growth. The IPO, along with this strategic investment, positions Cadillac to capitalize on favorable market conditions within the mining sector.

The transaction reflects broader trends in the mining industry, where established players are increasingly seeking to invest in emerging companies with high growth potential. This trend is driven by a combination of factors, including rising commodity prices and a growing demand for minerals essential for technology and renewable energy. As mining companies navigate a competitive landscape, strategic investments like Agnico Eagle's in Cadillac Mines are likely to become more prevalent as firms look to secure advantageous positions in the market.

In conclusion, Agnico Eagle's investment in Cadillac Mines Corporation not only underscores its commitment to expanding its portfolio but also highlights the ongoing evolution within the mining sector. As the industry adapts to changing market dynamics, such transactions may pave the way for further consolidation and partnerships, ultimately shaping the future landscape of mining and resource extraction.