09:55 AM EDT, 10/06/2025 (MT Newswires) -- Collective Mining ( CNL ) said Monday that Agnico Eagle Mines ( AEM ) plans to exercise its participation rights in Collective Mining's ( CNL ) recently announced 125 million Canadian dollars ($89.5 million) bought-deal public share offering.

Agnico Eagle Mines ( AEM ) intends to subscribe for 789,473 Collective Mining ( CNL ) common shares at CA$19 per share and will hold about a 14.6% stake in Collective Mining ( CNL ) following the transaction, according to the statement.

Collective Mining ( CNL ) shares were up more than 1% and Agnico shares were edging 0.7% higher in recent trading Monday.

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