Prism Resources sells 7.5% net profit interest royalty to Agnico Eagle for $5 million
AEM•Use of proceeds
Proceeds are earmarked for general working capital, including funding the cash portion of certain company payments.
Transaction terms and shareholder approval
The transaction was executed under a June 3, 2026 royalty purchase agreement. Shareholder backing was secured at a July 23, 2026 meeting.
Prism Resources closes royalty sale to Agnico Eagle
Prism Resources has closed the sale of a 7.5% net profit interest royalty in Ontario’s Porcupine Mining District to Agnico Eagle.
The deal value was CAD 5 million in cash, and the royalty represented substantially all of Prism’s assets.
