Quebec Gold Explorer Jumps 16% on C$57M Strategic Backing

By: Tomas Ronolski - AllPennyStocks.com News

Monday, August 24, 2026

In precious metals development, securing a multi-million-dollar equity investment from a senior gold producer provides a major market re-rating catalyst. When a tier-one major takes a cornerstone position at a premium to market, it validates project geology while unlocking the capital required to transition a surface exploration asset into advanced underground development.

Radisson Mining Resources Inc. (TSX-Venture: RDS) (OTCQX: RMRDF) advanced after announcing a non-brokered strategic investment in which Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) is buying 53.4M units at C$1.07 for about C$57.2M gross (exact card: 53,420,000 units for C$57,159,400). Each unit is one common share plus one-half warrant; a whole warrant is exercisable at C$1.39 for 60 months.

Post-close, Agnico Eagle is expected to hold roughly 10.5% on an undiluted basis and about 14.9% partially diluted. The unit price sits at a 6% premium to the August 21 close and a 19% premium to the 20-day VWAP. The placement carries no finder's fees. Closing remains subject to TSX Venture Exchange approval.

Proceeds are earmarked for advanced underground exploration at the 100%-owned O'Brien Gold Project in the Bousquet-Cadillac camp on the Larder Lake-Cadillac Break in the Abitibi, Quebec. Engineering and permitting for a ramp, underground and surface infrastructure, and water management are set to start immediately. An ongoing 140,000m surface step-out program continues from existing cash, separate from the Agnico Eagle proceeds.

Management frames the underground program as the path to test continuity to at least 1.9km depth, with ambition toward roughly 2.5km: company language, not a production decision. For context only, the current mineral resource is: Indicated Mineral Resources - 0.63 Moz (3.49 Mt at 5.59 g/t Au) & Inferred Mineral Resources - 1.69 Moz (10.37 Mt at 5.08 g/t Au).

Shares of RDS / RMRDF are up 17.8% to C$1.19 and 16.8% to US$0.86.

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