Agnico Eagle to buy 29.3M Cascadia shares, gaining 14.2% stake and earn-in rights on Yukon property.

Agnico Eagle Mines Limited agreed to purchase 29.3 million units of Cascadia Minerals at C$0.26 each, acquiring about 14.21% of Cascadia's shares and warrants. This investment includes rights to earn a 51% interest in Cascadia's Catch property in Yukon and a strategic alliance for exploration in the Stikine Terrane. The deal, pending TSX Venture Exchange approval, aims to expand Agnico Eagle's portfolio with high-potential projects. Future joint ventures and additional acquisitions may follow depending on market conditions and strategic priorities.