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.

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.

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)
America Needs Antimony, and This Nevada Explorer Just Defined One of the Largest Domestic Resources of It

America Needs Antimony, and This Nevada Explorer Just Defined One of the Largest Domestic Resources of It

Issued on behalf of Nevgold Corp. Nevgold Corp. (TSXV: NAU,OTC:NAUFF) (OTCQX: NAUFF) (Frankfurt: 5E50) has announced a maiden gold-antimony Mineral Resource Estimate at its Limousine Butte Project in Nevada, defining a large-scale, oxide antimony-gold resource in the United States with near-term... Keep Reading...
A Positive Gold-Antimony PEA Just Landed in a Fast-Track Jurisdiction - With Spot Gold Above $4,500 an Ounce and a 19,000-Metre Drill Program Already Underway

A Positive Gold-Antimony PEA Just Landed in a Fast-Track Jurisdiction - With Spot Gold Above $4,500 an Ounce and a 19,000-Metre Drill Program Already Underway

Issued on behalf of Rua Gold Inc.With antimony designated a U.S. Critical Mineral, China antimony export controls structurally tightening Western supply, and gold trading at record highs into 2026, one New Zealand–focused junior just delivered base-case PEA economics, expanded spot-price upside,... Keep Reading...
Yukon Metals Just Optioned a Sumitomo-Drilled Copper-Gold Project Next to Its Birch Discovery - Here's What's Now in Play in the Yukon

Yukon Metals Just Optioned a Sumitomo-Drilled Copper-Gold Project Next to Its Birch Discovery - Here's What's Now in Play in the Yukon

Issued on behalf of Yukon Metals Corp. With 18 projects, 44,000 hectares, and a recent string of high-grade hits at Birch, Carter Gulch, and Star River, this Berdahl-family-backed junior is consolidating ground in a territory the majors are once again funding Key Takeaways Yukon Metals Corp.... Keep Reading...
Cascadia Announces Closing of Equity Investment

Cascadia Announces Closing of Equity Investment

Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM,OTC:CAMNF) (OTCQB: CAMNF) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") with Agnico Eagle Mines Limited ("Agnico Eagle") (TSX: AEM) (NYSE: AEM) and certain other arms' length... Keep Reading...
THE Mining Investment Event 2026 Announces Keynote Speakers and Panels, Additional Sponsors and Participating Companies

THE Mining Investment Event 2026 Announces Keynote Speakers and Panels, Additional Sponsors and Participating Companies

The Hon. Kody Blois, Parliamentary Secretary to the Prime MinisterThe Hon. Claude Guay, Parliamentary Secretary to the Minister of Energy & Natural ResourcesMr. Pete Hoekstra, US Ambassador to Canada; Mr. Ehren Cory, CEO, Canada Infrastructure BankThe Hon. Jean-François Simard, Minister of... Keep Reading...
Gold bars in stacks with words "5 Top Canadian Mining Stocks This Week" on top.

Top 5 Canadian Mining Stocks This Week: 55 North Gold Gains 89 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released Canada’s gross domestic product by industry data for July on Tuesday... Keep Reading...
Pinnacle Silver and Gold (TSXV:PINN)

Pinnacle Closes Second and Final Tranche of Private Placement

(TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (" Pinnacle " or the “ Company ") has closed a second and final tranche of the non-brokered private placement first announced on July 17, 2026 (the “Offering”), subject to TSX Venture Exchange approval. Pursuant to the... Keep Reading...
LaFleur Minerals

LaFleur Minerals is On Track to Become Near-Term Gold Producer

LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF) is the subject of a recent on-site video feature by Maximus Strategic Consulting Inc., owner and operator of Pinnacle Digest. The video provides a look at the company's two flagship assets near Val-d'Or, Québec, the Beacon Gold Mill and Swanson Gold... Keep Reading...
Pieces of ore with yellow representing uranium on black surface; graphic reads "5 top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Dateline Resources Gains 67 Percent on DoJ Backing

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on gold, rare earths, copper and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what drove... Keep Reading...
David Erfle, gold bars.

David Erfle: Gold Price Bottoms "Every Single Time" This Happens

David Erfle, editor and founder of Junior Miner Junky, shares his take on the gold market, saying that the US Federal Reserve's recent interest rate hike could mark a key turning point. "Every single time they start raising rates, that's when gold bottoms and starts to go up again," he explained... Keep Reading...
Paul Brink, gold bars.

Gold at Key Inflection Point, Price Run in Early Days | Franco-Nevada's Paul Brink

Paul Brink, president and CEO of Franco-Nevada (TSX:FNV,NYSE:FNV), shares his perspective on the gold market, noting that the metal's reaction to the latest US Federal Reserve interest rate hike could represent a key change in the space. "I think it is a really important inflection point," he... Keep Reading...

Interactive Chart

Latest Press Releases

Related News