The
TSX Venture Exchange has accepted for filing an earn-in agreement dated March 30, 2026, between Cascadia Minerals Ltd. and Agnico Eagle Mines Ltd. (the purchaser). Under the terms of the agreement, the purchaser has the right to earn up to a 51-per-cent interest in the company's Catch property, located in Yukon, by funding exploration expenditures totalling $10-million over three years. Upon the purchaser earning a 51-per-cent interest in the Catch property, the company and the purchaser will enter into a joint venture agreement, pursuant to which the company will serve as the initial operator and the purchaser will have the right to earn an additional 29-per-cent interest in the Catch property by funding exploration expenditures of $20-million over an additional three-year period. If a party's interest in the joint venture falls below 10 per cent, the interest will convert into a 2-per-cent net smelter return royalty, half of which (1 per cent) can be repurchased for $2-million.
The transaction is arm's length in nature and no finders' fees are payable.
For more information, please refer to the company's news releases dated March 30, 2026, and May 4, 2026.
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