ATLANTA, GEORGIA (By Chad Archey, Editores LatinPetroleum, 8.Sep.2026, Words: 394) — Agnico Eagle Mines Limited’s wholly-owned subsidiary, Agnico Eagle (USA) Limited entered into a securities and asset purchase agreement dated 8 Sep. 2026 with Vizsla Copper Corp. and its wholly-owned subsidiary, Vizsla Copper US Acquisitions LLC, pursuant to which Agnico USA agreed to sell the following:
(a) all of the issued and outstanding membership interests of Delta Project LLC, a Delaware limited liability company that holds the mining claims comprising the Delta base and precious metal project; and
(b) the assets comprising the Helm Bay gold project in return for certain aggregate consideration and contingent milestone payments.
The transaction is subject to certain closing conditions, including approval of the TSX Venture Exchange (TSXV), and is expected to close in the fourth quarter 2026 (4Q:26), Agnico said on 8 Sep. 2026 in an official statement.
Pursuant to the purchase agreement, Agnico Eagle will receive the following aggregate consideration:
- 22,523,283 common shares of Vizsla Copper representing approximately 19.99% of the issued and outstanding common shares as at the date of the purchase agreement, to be issued to Agnico Eagle at closing;
- 2,903,490 common shares, to be issued to Agnico Eagle following receipt of disinterested shareholder approval, subject to certain conditions;
- 3,041,480 common share purchase warrants, each exercisable to acquire one common share at an exercise price of C$1.95 per common share for a period of two years from the date of issuance; and
- a 2.0% net smelter return royalty on Delta and a 3.0% net smelter return royalty on Helm Bay, to be granted to Agnico Eagle at closing pursuant to separate royalty agreements. Vizsla Copper will have the right to purchase 50% of each of the NSRs at any time for C$5,000,000.
The consideration shares will be issued at a deemed price of C$1.26 per common share for an aggregate value of approximately C$32,037,734.
Vizsla Copper will also make the following contingent milestone payments to Agnico Eagle in respect of Delta:
- C$5,000,000, upon Vizsla Copper publicly disclosing a mineral resource estimate for Delta indicating an aggregate mineral resource of at least 300,000 copper equivalent tonnes of metal;
- C$5,000,000, upon completion by Vizsla Copper of a feasibility study for Delta; and
- C$10,000,000, upon Delta achieving commercial production.
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By Chad Archey reporting from Atlanta. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
