Radisson Closes C$57 Million Strategic Investment

Radisson Mining Resources Inc. (RDS) announced the closing of the previously announced non-brokered strategic investment by Agnico Eagle Mines Limited. Agnico purchased 53,420,000 units at C$1.07 per unit, generating gross proceeds of C$57,159,400. Each unit consists of one Class A common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at C$1.39 per share for 60 months.

At closing, Agnico holds approximately 10.45% of issued and outstanding common shares on a non-diluted basis and approximately 14.90% on a partially-diluted basis. The proceeds will fund the commencement of an advanced underground exploration program at the 100%-owned O’Brien Gold Project, including an access ramp and related underground and surface infrastructure. The existing 140,000-metre step-out drill program continues as planned, funded from existing cash resources.

The investor rights agreement described in the August 24, 2026 release was executed concurrently with closing. No commissions or finder’s fees were paid. Securities are subject to a hold period expiring January 2, 2027. The placement remains subject to final acceptance by the TSX Venture Exchange.

Radisson Mining Resources Inc. (RDS) has completed the closing of its previously announced transaction, confirming execution and removing remaining closing uncertainty. The full terms, strategic ownership, warrant structure, and use of proceeds were originally announced on August 24, 2026. Following that initial disclosure, the stock moved from C$1.01 on August 21 to C$1.27 on August 24. By August 31, the price had settled around C$1.23, indicating the market had already priced in the deal.

Today’s release does not introduce new terms or an incremental strategic surprise. The transaction provides approximately C$57.2 million in gross proceeds with no commission, a financial benefit that was already quantified and expected. The closing formally triggers the investor rights agreement, which includes Agnico’s board nomination right and restrictions on royalties, streams, offtakes, and secured financing through December 31, 2028.

Radisson Mining Resources Inc. is a gold exploration company focused on the 100%-owned O’Brien Gold Project in the Bousquet-Cadillac mining camp along the Larder Lake-Cadillac Break in Québec’s Abitibi region. The historic O’Brien mine produced over 500,000 ounces at an average grade greater than 15 g/t gold over about 1,000 vertical metres.

The March 2, 2026 updated Mineral Resource Estimate reported Indicated resources of 0.63 moz gold at 5.59 g/t Au and Inferred resources of 1.69 moz gold at 5.08 g/t Au. A July 2025 PEA described a low-capex, high-value project with an 11-year mine life and the potential use of existing regional infrastructure. The company has an ongoing 140,000-metre step-out drill program targeting depths of 2.0–2.5 km. Exploration success has been strong, including a July 2026 intercept of 1,604 g/t gold over 1.0 metre.