Radisson Announces C$57 Million Strategic Investment by Agnico Eagle to Support an Advanced Underground Exploration Program

Radisson Mining Resources Inc. (RDS) has entered into a subscription agreement with Agnico Eagle Mines Limited for a C$57,159,400 private placement. Under the terms of the deal, Agnico Eagle will purchase 53,420,000 units at C$1.07 per unit. Each unit consists of one Class A common share and one-half of one common share purchase warrant. The whole warrants carry a C$1.39 exercise price and a 60-month term, with acceleration rights triggered if the 20-day volume-weighted average price exceeds C$1.85 for 20 consecutive trading days after 24 months.

The C$1.07 unit price represents a 6% premium to the August 21, 2026 closing price and a 19% premium to the 20-day volume-weighted average price. The transaction is non-brokered, meaning no commissions or finder’s fees are payable. Proceeds from the offering will fund an advanced underground exploration program at Radisson’s 100%-owned O'Brien Gold Project. Planned activities include engineering, permitting, an access ramp, underground and surface infrastructure, and water management. The company noted that its existing 140,000-metre surface step-out drill program remains separately funded from existing cash.

Upon closing, Agnico Eagle will hold approximately 10.45% non-diluted and 14.90% partially diluted of Radisson’s outstanding shares. Agnico Eagle will receive board nomination rights and participation and top-up rights to maintain or acquire up to 14.9% of the company. From now through December 31, 2028, Radisson is restricted from certain dispositions, royalties, streams, offtakes, and secured financings. After this period, a 60-day notice right applies while Agnico Eagle holds at least 5.0% of the company. These restrictions do not apply to change of control transactions. The closing of the transaction is subject to approval by the TSX Venture Exchange.

Radisson Mining Resources Inc. (RDS) has secured a C$57.2 million strategic investment from Agnico Eagle, a major senior gold producer. This transaction marks Agnico Eagle’s first-time entry into the company, as historical records show no prior stake or involvement. The deal was priced at a premium in a non-brokered transaction with no commissions, a structure that signals strong strategic demand.

The funding enables Radisson to shift from surface exploration to advanced underground access, representing a significant technical development. Agnico Eagle has been granted board nomination rights and participation rights, providing the investor with ongoing influence and optionality. The transaction includes an investor rights agreement that restricts royalty, stream, offtake, and secured financing transactions through 2028, a provision that may limit Radisson’s future financing flexibility.

The raise is substantial relative to Radisson’s pre-placement market capitalization of approximately C$460 million. The deal is dilutive, resulting in roughly 10.45% non-diluted dilution and up to about 14.9% partially diluted dilution after warrants.

Radisson Mining Resources Inc. is a Quebec-focused gold exploration company whose flagship asset is the 100%-owned O'Brien Gold Project in the Bousquet-Cadillac mining camp, Abitibi, Quebec. The project sits along the Larder Lake-Cadillac Break. The historic O'Brien mine produced more than 500,000 ounces at an average grade above 15 g/t gold over roughly 1,000 metres vertical extent.

Current Mineral Resource Estimate, per the March 2, 2026 release: - Indicated: 0.63 moz gold, 3.49 Mt at 5.59 g/t Au. - Inferred: 1.69 moz gold, 10.37 Mt at 5.08 g/t Au.

Resource assumptions include 2.20 g/t Au bottom cut-off, US$2,500/oz gold, 1.2 m minimum mining width and 60 g/t Au cap. A July 2025 PEA described a low-cost, high-value project with an 11-year mine life using existing regional infrastructure. The PEA predates the March 2026 updated resource; it is a prior snapshot, not restated with the current resource.

Step-out drilling has extended mineralization to roughly 1.9 km depth, with plans to test to 2.5 km depth. The company has no revenue and remains pre-production. No analyst coverage or price targets were provided in the source materials.