Agnico Eagle Completes Acquisition of 100% of O3 Mining

Agnico Eagle Completes Acquisition of 100% of O3 Mining

(All amounts expressed in Canadian dollars unless otherwise noted)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle ") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (" O3 Mining ") are pleased to jointly announce that Agnico Eagle has today completed the acquisition of 100% of the outstanding common shares of O3 Mining (the " Common Shares ") pursuant to the amalgamation (the " Amalgamation ") of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly-owned subsidiary of Agnico Eagle.  O3 Mining is now a wholly-owned subsidiary of Agnico Eagle.

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

The Amalgamation constituted the subsequent acquisition transaction contemplated by Agnico Eagle's board-supported take-over bid to acquire O3 Mining. Under the Amalgamation, shareholders of O3 Mining, other than Agnico Eagle, will receive $1.67 in cash per Common Share (the " Consideration ").

It is expected that the Common Shares will be delisted from the TSX Venture Exchange on or around March 20, 2025 and O3 Mining will file an application to cease to be a reporting issuer under Canadian securities laws.

Additional Information and How to Receive the Consideration

Additional information concerning the Amalgamation is contained in the notice of special meeting and management information circular of O3 Mining (the " Circular ") dated February 13 , 2025.  The Circular is available under O3 Mining's issuer profile on SEDAR+ at www.sedarplus.ca .

In order to receive the Consideration (less applicable withholdings), each registered shareholder must properly complete and duly execute the letter of transmittal enclosed with the Circular and deliver such letter of transmittal, together with all other necessary documents and instruments to Odyssey Trust Company, in its capacity as depositary for the Amalgamation, at the address specified in the letter of transmittal and otherwise in accordance with the instructions contained in the letter of transmittal.  Non-registered shareholders whose Common Shares are registered in the name of an investment advisor, broker, bank, trust company, custodian, nominee or other intermediary must contact such intermediary for instructions and assistance in exchanging their Common Shares for the Consideration.

If you have any questions or require assistance, please contact Laurel Hill Advisory Group, by phone at 1-877-452-7187 or by e-mail at assistance@laurelhill.com .

Information for Warrantholders

Any warrants to acquire Common Shares (the " Warrants ") that remain outstanding may be exercised prior to the expiry time thereof in accordance with the terms of the Warrant Indenture governing the Warrants, as amended, and will receive on exercise, in lieu of Common Shares, $1.67 in cash. The Warrant Indenture has been amended by a supplemental indenture to give effect to the foregoing. In connection such amendment, the exercise form to be used by holders of outstanding Warrants has been amended and replaced with an amended exercise form attached as Appendix E to the Circular.  For additional information, please contact investor.relations@agnicoeagle.com or call (416) 947-1212.

About Agnico Eagle Mines Limited

Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada , Australia , Finland and Mexico , with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, projections, and interpretations about future events as at the date of this news release. Forward-looking information and statements are based on estimates of management by Agnico Eagle and O3 Mining, at the time they were made, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the timing for the delisting of O3 Mining from the TSX Venture Exchange and for O3 Mining to cease to be a reporting issuer; and the receipt of $1.67 in cash on the exercise of Warrants. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, expectations relating to the timing for the delisting of the Common Shares and O3 Mining (or its successor) filing an application to cease to be a reporting issuer under applicable securities laws; and expectations concerning the outstanding Warrants. Agnico Eagle and O3 Mining caution that the foregoing list of material factors and assumptions is not exhaustive. Although the forward-looking information contained in this news release is based upon what Agnico Eagle and O3 Mining believe, or believed at the time, to be reasonable expectations and assumptions, there is no assurance that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither O3 Mining, nor Agnico Eagle nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Agnico Eagle and O3 Mining do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable law. These statements speak only as of the date of this news release. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Agnico Eagle or any of its affiliates or O3 Mining.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

O3 Mining logo (CNW Group/Agnico Eagle Mines Limited)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/agnico-eagle-completes-acquisition-of-100-of-o3-mining-302404851.html

SOURCE Agnico Eagle Mines Limited

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/18/c1664.html

News Provided by Canada Newswire via QuoteMedia

AEM
The Conversation (0)
Agnico Eagle Mines Limited

Agnico Eagle Mines Limited

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.

Structural Monitoring Systems

AEM’s MTP136D Radio Gains Full U.S. Forest Service Approval

Structural Monitoring Systems Plc (“SMS” or “the Company”) (ASX: SMN) is pleased to announce that its wholly owned subsidiary, Anodyne Electronics Manufacturing Corp. (“AEM”), has received full approval from the United States Forest Service (USFS) and Department of the Interior (DOI) for its revolutionary MTP136D Panel-Mount Forest Service Radio. This approval authorises its use in all federally regulated aerial firefighting agency and contractor aircraft across the United States.

Keep reading...Show less
Impact Minerals

World-Leading Low-Carbon Credentials for the Lake Hope High Purity Alumina (HPA) Project, WA

A preliminary study into the potential carbon dioxide (CO2) emissions from Impact Minerals Limited’s (ASX:IPT) Lake Hope High Purity Alumina (HPA) project in Western Australia has shown that Scope 1 and Scope 2 CO2 emissions will likely be significantly lower than incumbent processes that produce HPA, and on par or even much lower than emerging processes, in particular under a 100% renewable electrical energy development scenario (Figure 1).

Keep reading...Show less
  Desoto Resources Limited

Acquisition of High-Grade Rare Earths Project in the Northern Territory

Best intercept of 50m @ 1.55% TREO, incl. 12m @ 4.51% TREO (14.9% Nd/Pr)

DeSoto Resources Limited (ASX:DES) (“DES” or the “Company”) is pleased to announce an acquisition within its exploration landholding in the Northern Territory. This acquisition encompasses a historical drilling dataset targeting Rare Earth Elements (REE).

Keep reading...Show less
Red Light Holland's Majority Owned AEM Farm Collaborates with Agro-Projects for Multi-Million-Dollar Mushroom Farm Expansion in Peterborough, Ontario

Red Light Holland's Majority Owned AEM Farm Collaborates with Agro-Projects for Multi-Million-Dollar Mushroom Farm Expansion in Peterborough, Ontario

Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) ("Red Light Holland" or the "Company"), a company engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, is pleased to announce a significant step forward in its endeavor to revolutionize the mushroom industry. Its subsidiary, Acadian Exotic Mushrooms Ltd. ("AEM Farms"), has partnered with Agro-Projects Export Sp. z o.o. Sp.k. ("Agro-Projects"), a Polish firm renowned for its expertise in designing technologically advanced mushroom cultivation facilities. Together, they are embarking on a $5.5 million contract to construct an 85,000 square foot state-of-the-art vertical mushroom farm and composting facility in Peterborough, Ontario.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce that a soil sampling survey completed during the 2023 field season has identified a new 1 km long gold-in-soil anomaly on the QV property, located approximately 9 km northwest of the VG deposit which remains open for expansion (Figures 1 & 2). Soil sampling results range from trace up to a maximum of 496.7 ppb Au with associated anomalous tellurium. The new soil geochemical anomaly appears to be similar in character to the VG deposit and the Golden Saddle deposit which form part of the Company's flagship White Gold Project. The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 gt Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 gt Au for 942,400 ounces of gold in the Inferred Resource category (1) . These results form part of the Company's 2023 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Gold bars on a financial chart background.

Gold Price, Markets Trade Flat After US Strikes on Iran

An escalating conflict between Israel and Iran drew military inolvement from the US over the weekend, marking a significant ratcheting up of tensions in the region.

On Saturday (June 21), US B-2 bombers flying out of Whiteman Air Base and a US submarine stationed in an undisclosed location launched strikes against three sites in Iran. The targets were Iranian nuclear facilities at Fordo, Natanz and Isfahan that the US alleges were being used to enrich uranium to create a nuclear bomb.

Both Israel and the US have been adamant that Iran should not be allowed to have nuclear weapons.

Keep reading...Show less
Closeup of fibrous mineral with dark needle-like crystals radiating outward.

Utah’s Antimony Resource: A Strategic Investment Play in Critical Minerals

Utah may be best known for its copper and gold legacy, but hidden beneath its rugged terrain lies one of the most overlooked critical mineral opportunities in the US: antimony.

With global supply heavily concentrated in China and export restrictions tightening, Utah’s underexplored antimony deposits are gaining new relevance. For investors, this presents a timely and potentially undervalued opportunity to get ahead of a domestic supply chain revival, with early movers leading the way.

Once home to scattered historic antimony production, Utah is now re-emerging as a strategic hotspot for this essential element.

Keep reading...Show less
Triumph Gold Chairman and CEO John Anderson.

Utah Asset Acquisition Marks Triumph Gold’s Entry into US Silver Space: Exec

Triumph Gold’s (TSXV:TIG) acquisition of the Coyote Knoll property in Utah marks the company’s entry into the silver space, in an area that's “geopolitically and geographically and geologically fantastic,” Executive Chairman John Anderson told the Investing News Network.

Anderson said while Triumph Gold’s main asset is the Freegold Mountain gold-copper project in Yukon, Canada, “the real interest was in the US.”

“We've been looking at projects in the silver space for quite some time,” he explained. “There's very little investor interest in Canada for resource companies, believe it or not. The capital of mining exploration and venture capital is Canada, but for some reason there's just not a lot of interest.”

Keep reading...Show less
FinEx Metals (TSXV:FINX)

FinEx Metals

Keep reading...Show less
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

Jeffrey Christian, managing partner at CPM Group, shares his latest thoughts on gold, silver and platinum-group metals, outlining potential price scenarios for the months ahead.

He also discusses his broader outlook for the US economy.

Keep reading...Show less
Wooden gavel on a reflective surface, legal books blurred in the background.

Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

A court in Bamako has ordered the temporary transfer of operational control of Barrick Mining's (TSX:ABX,NYSE:B) Loulo-Gounkoto gold-mining complex to a state-appointed administrator for six months.

The ruling, handed down on Tuesday (June 17) by the Tribunal de Commerce, empowers former health minister and certified accountant Soumana Makadji to run one of Barrick’s most lucrative global assets.

The company has described the move as “unjustified” and “unprecedented.”

Keep reading...Show less

Latest Press Releases

Related News

×