Vizsla Copper acquires Delta and Helm Bay projects from Agnico Eagle
AEM•Vizsla Copper completed its acquisition of 100% interests in Alaska’s Delta and Helm Bay projects from Agnico Eagle on October 29, 2026. Consideration totals approximately C$32.04 million in shares, warrants and milestone payments, and Agnico retains royalties on both projects.
1. Acquisition terms
Vizsla Copper completed the acquisition on October 29. Agnico Eagle becomes Vizsla Copper’s largest shareholder; the approximately C$32.04 million in share consideration includes deferred shares subject to shareholder approval. The deal also includes 3,041,480 warrants exercisable at C$1.95 per share for two years.
2. Royalties and milestones
Agnico retains net smelter return royalties of 2% on Delta and 3% on Helm Bay. Delta milestone payments total C$20 million and are tied to a resource estimate, completion of a feasibility study and commercial production.
