Gold Producer Agnico Eagle Acquires 10.45% Stake in Radisson Mining
Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) Takes a C$57.16M Stake in Radisson Mining Resources Inc. (TSX-V: RDS) to Accelerate Underground Development at the Historic O'Brien Gold Project

When senior gold producers go shopping, they rarely settle for pocket change.
Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) has cut a C$57.16 million check to anchor a 10.45% strategic stake in Quebec-focused explorer Radisson Mining Resources Inc. (TSX-V: RDS).
Under the non-brokered subscription agreement finalized on August 24, 2026, Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) is acquiring 53,420,000 units of Radisson Mining Resources Inc. (TSX-V: RDS) at C$1.07 per unit. Each unit pairs one Class A common share with a half-warrant, with full warrants exercisable at C$1.39 over a 60-month window. Should Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) exercise all 26,710,000 warrants, its ownership position in the junior developer expands to roughly 14.90% on a partially-diluted basis.
The capital injection grants Radisson Mining Resources Inc. (TSX-V: RDS) the financial muscle to build the first modern underground access ramp at its flagship O'Brien Gold Project in Quebec's prolific Abitibi greenstone belt.
Welcoming the senior producer to the cap table, Matt Manson, President and Chief Executive Officer of Radisson Mining Resources Inc. (TSX-V: RDS), highlighted the operational significance of the investment:
"We are very happy to welcome Agnico Eagle as a significant shareholder for the next stage of exploration and development at the O'Brien Gold Project. This is a milestone step for Radisson. The Advanced Underground Exploration Program that will now commence is designed to extend our understanding of potential mining conditions at O'Brien, including the continuity of mineralization, the geotechnical setting, potential mining methods, and processing criteria. It also establishes a development schedule for O'Brien."
Manson added that while their ongoing 140,000-metre surface drill program remains fully funded from existing cash resources, this investment specifically funds the first modern underground access to help develop the project’s full potential.
Beyond equity ownership, Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) secures classic strategic safeguards through an investor rights agreement. The deal delivers anti-dilution participation rights and board nomination privileges, though Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) noted it has no present intention to seat a director. Governance covenants also restrict certain property transfers, streams, or royalty encumbrances on the O'Brien project through December 31, 2028.
Expected to close on or about September 2, 2026, subject to TSX Venture Exchange approvals, the transaction cements another high-grade asset into the long-term regional pipeline of Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM).
Source
- Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) & Radisson Mining Resources Inc. (TSX-V: RDS) Joint Corporate Announcement (August 24, 2026).
Disclaimer
Neither the author of this article nor JuniorStocks holds equity, stock options, or any other financial positions in Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM), Radisson Mining Resources Inc. (TSX-V: RDS), or any other companies mentioned in this publication. This content is published by JuniorStocks strictly for informational purposes, was prepared independently without company compensation, and utilized AI assistance for text editing, formatting, and structural refinement. While gold exploration and project development in Quebec's Abitibi greenstone belt represent a compelling sector of market activity, this article does not constitute investment or financial advice. Investors are strongly advised to conduct their own thorough, independent due diligence and consult with a qualified financial professional before making any investment decisions.
