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Agnico Eagle's subsidiary buys C$1M units in Canada Nickel, boosting its stake in the company.

Company Fundamentals
28 Aug 2026
PRNewsWire
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Bullish
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Agnico Eagle Mines Limited's subsidiary, Avenir Minerals, acquired 666,667 units of Canada Nickel Company for C$1.5 each, totaling C$1 million in a private placement. Each unit includes one common share and half a warrant, allowing purchase of additional shares at C$2.25 within 36 months. This purchase slightly adjusts Agnico Eagle's ownership to about 8.68% on a non-diluted basis and 11.52% on a partially diluted basis. The acquisition aligns with Agnico Eagle's strategy to hold strategic positions in promising mining opportunities, with potential for further transactions depending on market conditions.

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