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Agnico Eagle ups investment in Fuerte Metals

13th October 2025

By: Creamer Media Reporter

     

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Canadian miner Agnico Eagle Mines has announced an investment of C$8.25-million in resource development firm Fuerte Metals, which recently acquired the Coffee project in Yukon from Newmont.

Agnico Eagle acquired five-million subscription receipts issued by 1555489 B.C, a wholly-owned subsidiary of Fuerte, pursuant to a brokered private placement, at C$1.65 per subscription receipt.

The investment, Agnico Eagle reports, is in line with its practice of taking strategic equity investments in projects with high geological potential. 

Prior to the private placement, Agnico Eagle owned 5 171 310 common shares, representing about 8.43% of the issued and outstanding common shares on a non-diluted basis. Following the private placement, Agnico Eagle is expected to own 10 171 310 common shares and 5 000 000 warrants, representing about 8.12% of the issued and outstanding common shares on a non-diluted basis and about 11.65% of the common shares on a partially-diluted basis.

Edited by Creamer Media Reporter

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