Aem Acquisition Ulc

Agnico Eagle Mines Limited disclosed its acquisition of 19.6 million units of Canada Nickel Company Inc. at $1.18 per Unit, totaling approximately $23.13 million. The units were purchased from multiple sellers involved in an offering of flow-through Units by Canada Nickel. Agnico Eagle's investment aligns with its strategy of early-stage project investments and provides a foothold in the emerging nickel belt, particularly in regions where the company operates. The investment also includes specific rights granted through an investor rights agreement with Canada Nickel, allowing Agnico Eagle to participate in equity financings, enhance its holdings, and potentially acquire up to a 15.6% ownership interest in Canada Nickel on a partially diluted basis.