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Other

Agnico Eagle sells all 47.94M shares of Royal Road

By The Northwire Desk — AI Analysis Sep 29, 2025 · 16:54 AEM · 232.28 Agnico Eagle Mines Limited
AEM · Price

Executive Summary

  • Agnico Eagle sold its entire 18 % stake (47,944,981 shares) in Royal Road Minerals Ltd. for $5.51 million at C$0.115 per share.
  • The disposition eliminates all beneficial ownership or control of Royal Road by Agnostic Eagle.
  • The company states the sale was to monetize the investment and does not intend to re‑acquire any securities of Royal Road.

Key Details

  • Shares sold: 47,944,981 ordinary shares of Royal Road Minerals Ltd.
  • Sale price: C$0.115 per share (approximately US $5,513,673 total consideration).
  • Pre‑sale ownership: ~18 % of Royal Road’s issued and outstanding ordinary shares on a non‑diluted basis.
  • Post‑sale ownership: 0 %; Agnico Eagle no longer has any beneficial ownership, control, or direction over Royal Road.
  • Rationale: Monetize the investment; aligns with Agnico Eagle’s strategy to focus on internal growth projects and periodically review strategic holdings.
  • No current intention to re‑acquire shares or other securities of Royal Road.
  • An early warning report will be filed in accordance with applicable securities laws.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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