Vizsla Copper acquires precious metal and gold projects from Agnico Eagle

Property highlights

• Delta is a volcanogenic massive sulfide (VMS) project near the Alaska Highway in central Alaska. Delta hosts multiple known VMS lenses and a historical inferred mineral resource estimate of 15.4 million t (averaging 0.6% Cu, 1.6% Pb, 3.8% Zn, 62 g/t Ag and 1.7 g/t Au). Multiple lenses appear to be open for expansion. The project hosts several kilometres of electromagnetic conductors that have not been drill-tested. A qualified person has not done sufficient work to classify the historical resource estimate as a current mineral resource, and Vizsla Copper is not treating the historical resource estimate as a current mineral resource.
• Helm Bay is an orogenic gold project near tidewater in southeast Alaska. Previous exploration has identified multiple gold-bearing quartz veins across the project, including high-grade veins associated with a small amount of historical production.

Transaction highlights

• Vizsla Copper expands its Alaska portfolio. The transaction adds two 100%-owned projects to the company’s Alaska portfolio alongside the Palmer VMS Project, creating a broader pipeline of base and precious metals projects. The company will leverage its established Alaska-based technical, environmental, and permitting teams across the expanded portfolio.
• Agnico Eagle as significant shareholder. On closing of the transaction, Agnico Eagle is expected to hold approximately 19.99% of the issued and outstanding common shares of Vizsla Copper. Following closing of the transaction, Vizsla Copper will seek shareholder approval to approve the issuance of the deferred consideration, which would result in Agnico Eagle holding approximately 22.0% of the issued and outstanding common shares. In addition, Agnico Eagle will be issued warrants permitting it to acquire up to an additional ~3.04 million common shares, subject to the terms of the warrants, which will provide that Agnico Eagle cannot exercise any warrants to acquire common shares if such acquisition would result in it having beneficial ownership or control of 19.99% or more of the issued and outstanding common shares at the time of exercise.

Craig Parry, CEO and Chairman of Vizsla Copper, stated:

“This transaction represents an important step in advancing Vizsla Copper. Delta and Helm Bay add two new assets to our portfolio and expand our presence in Alaska and the US, where domestic sources of critical minerals remain a strategic focus. Delta is expected to become an important project in our portfolio given its historical resource estimate, multiple mineralised lenses and broader district-scale exploration potential. We are also pleased to welcome Agnico Eagle as our largest shareholder. With a strong treasury and four drills actively turning, we expect continued exploration updates for the remainder of 2026, including assays from the high-grade Palmer project and our portfolio of British Columbia projects.”

Read the article online at: https://www.globalminingreview.com/mining/16092026/vizsla-copper-acquires-precious-metal-and-gold-projects-from-agnico-eagle/