Agnico Eagle announces additional investment in Foran Mining

Agnico Eagle (AEM) Mines “announced that it has agreed to subscribe for 30,000,000 voting common shares of Foran Mining Corporation in a non-brokered private placement at a price of C$3.00 per Common Share for total consideration of C$90,000,000. The Private Placement is expected to close in two tranches. The closing of each tranche remains subject to certain closing conditions, including approval of the Toronto Stock Exchange, and closing of the second tranche is also subject to approval by the shareholders of Foran. Closing of the first tranche is expected to occur on or about May 28, 2025 and the second tranche is expected to close as soon as practicable following receipt of shareholder approval.”