Agnico Eagle Agrees to Invest in Foran Mining (Private Placement, Two Tranches)

May 14, 2025

Agnico Eagle Mines Limited has agreed to subscribe for 30,000,000 voting common shares of Foran Mining Corporation in a non-brokered private placement for total consideration of C$90 million. The private placement is expected to close in two tranches, with the first tranche targeted around May 28, 2025 and the second tranche following shareholder approval of Foran.

Buyers
Agnico Eagle Mines Limited
Targets
Foran Mining Corporation, Azimut Exploration Inc.
Location
British Columbia, Canada
Transaction Type
Growth capital

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