Agnico takes 22% of Vizsla in $32M Alaska deal

AI desk brief

Agnico Eagle is taking an effective 22% stake in Vizsla Copper through a $32 million Alaska asset sale, becoming the junior’s largest shareholder while shifting most exploration and development risk to Vizsla. The package includes Delta and Helm Bay, 22.5 million shares at a deemed $1.26, warrants, royalties and up to $20 million of contingent milestone payments tied to resource, feasibility and production progress.

The Delta project carries a historical inferred resource of 15.4 million tonnes grading 0.6% copper, 1.6% lead, 3.8% zinc, 62 g/t silver and 1.7 g/t gold, while Helm Bay is a small gold property with historical grades above 10 g/t in old workings. Vizsla is also drilling its Palmer project, which already has a January 2025 resource totaling 43,900 oz gold indicated and 128,000 oz inferred, alongside substantial copper, zinc and silver credits.