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Goldsky Shareholders Approve Agnico Eagle as a Control Person in Connection with Goldsky Becoming 100% Owner of the Barsele Gold Project and Goldsky Provides Corporate Update

Goldsky Secures Tier-1 Partner Validation as Barsele Deal Nears Closing

By The Northwire Desk — AI Analysis Apr 09, 2026 · 17:00 GSKR · 3.35 Goldsky Resources Corp.

Executive Summary

Shareholder Approval: Shareholders overwhelmingly approved Agnico Eagle Mines Ltd. as a Control Person (99.99% in favour), enabling Goldsky to acquire the remaining 55% interest in the Barsele Gold Project.
Ownership Consolidation: The transaction results in Goldsky becoming the 100% owner of the flagship Barsele asset, previously held jointly with Agnico Eagle Sweden AB.
Closing Timeline: Transaction expected to close in Q2 2026 (no later than June 30, 2026), subject to regulatory approvals and customary conditions.
Management Changes: Director Karilyn Farmer retains her board seat while serving as SVP, Exploration & Resource Development effective April 21, 2026.
Resource Context: Barsele Indicated Mineral Resource is 7.88 Mt @ 1.27 g/t Au (320,781 oz); Inferred is 28.75 Mt @ 1.98 g/t Au (1.83 Moz).
Financial Context: Q4 2025 results released March 31 showed cash of $84.4M and total assets of $178.0M following a C$80M financing and Mawson acquisition.

Material Impact

De-risking the Transaction: The shareholder vote removes the primary governance hurdle for Agnico Eagle to become a Control Person, significantly reducing regulatory uncertainty regarding the deal closing in Q2 2026.
Strategic Validation: Agnico Eagle taking a ~32.5% stake and becoming a control person is a strong endorsement of Goldsky's asset quality and management team by a Tier-1 producer. This validates the valuation expansion seen earlier in the year.
Dilution Reality Check: While positive, the deal involves issuing 75.5M shares to Agnico (valued at ~C$199M). The market has already reacted to this dilution risk, evidenced by the price correction from $4.22 in late February to ~$3.30 in April.
Execution Focus: Approval shifts focus from deal negotiation to execution of the Preliminary Economic Assessment (PEA) planned for 2026 and advancing Barsele toward mining licenses.
Neutral-to-Positive Price Action: The stock has corrected ~27% from its highs despite positive news flow in March/April, suggesting the market is digesting the dilution or waiting for closing confirmation before re-rating higher.

GSKR · Price

Company Overview

Company: Goldsky Resources Corp., focused on gold exploration in Sweden and Finland.
Flagship Project: Barsele Gold Project (Sweden), 100% owned post-transaction.
- Location: Västerbottens Län, northern Sweden within the Fennoscandian Shield.
- Infrastructure: Road, rail, hydro-power access; qualified workforce available.
- Resources: ~2.15 Moz total gold (Indicated + Inferred).
Secondary Assets: Rajapalot Gold-Cobalt Project (Finland) - 100% owned, currently in infill drilling phase to upgrade resources for permitting. Aida Target (Paubäcken) showing high-grade intercepts.
Strategy: Consolidating district-scale licenses (~80,000 ha) and advancing projects toward production via PEA and permitting.

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