Agnico Eagle sells Delta and Helm Bay projects to Vizsla
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- Agnico Eagle Mines subsidiary Agnico Eagle (USA) agreed to sell its Delta and Helm Bay projects to Vizsla Copper for aggregate consideration and contingent milestone payments.
- Agnico Eagle will receive approximately C$32 million in consideration from Vizsla Copper, including about 25.4 million common shares, 3.04 million warrants exercisable at C$1.95, and royalties on the Delta and Helm Bay projects.
- Vizsla will also make up to C$20 million in milestone payments tied to the Delta project, including the achievement of a 300,000-tonne copper-equivalent mineral resource, completion of a feasibility study, and the start of commercial production, the statement said.
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