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AGNICO EAGLE ANNOUNCES DISPOSITION OF ITS INTEREST IN ROYAL ROAD MINERALS LIMITED

By The Northwire Desk — AI Analysis Sep 29, 2025 · 07:30 AEM · 227.85 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 C$5.51 million at C$0.115 per share.
  • The transaction fully exits Agnico Eagle’s ownership; it will hold no further equity or control over Royal Road.
  • Proceeds will be used to monetize the investment; the company has no current plans to re‑acquire Royal Road securities.

Key Details

  • Shares sold: 47,944,981 ordinary shares of Royal Road Minerals Ltd. (≈18% of outstanding non‑diluted shares).
  • Sale price: C$0.115 per share.
  • Total consideration: C$5,513,673.
  • Transaction venue: Sold through the facilities of the Toronto Stock Exchange.
  • Post‑sale ownership: Agnostic Eagle holds 0% of Royal Road’s ordinary shares and has no control or direction over the company.
  • Strategic rationale: Aligns with Agnico Eagle’s focus on internal growth projects; divestiture monetizes a non‑core investment.
  • Future intent: No intention to acquire additional Royal Road securities.
  • Regulatory filing: An early warning report will be filed in accordance with applicable securities laws.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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