Wallbridge Mining Lines Up C$56 Mln Investment From Agnico Eagle, Waratah Capital Advisors

Dow Jones

May 20

By Robb M. Stewart

Wallbridge Mining will receive a roughly 56 million Canadian dollars (US$41 million) capital injection from gold producer Agnico Eagle and Waratah Capital Advisors that will help fund a prefeasibility study on its flagship Fenelon asset in Quebec's Abitibi region.

Agnico Eagle and Waratah will buy shares of the exploration company, giving each investor a roughly 19.9% stake.

Wallbridge said it next plans to seek approval from its shareholders for a 20-for-one share consolidation and a renaming of the company to Sunday Lake Gold.

The investments will be made at a price of C$0.092 a share, a 15% premium to the last closing price for Wallbridge's shares in Toronto.

Longtime shareholder Agnico Eagle has agreed to buy about 243.9 million shares for C$22.4 million, while Waratah will purchase 364.3 million shares for about C$33.5 million, Wallbridge said.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 20, 2026 07:48 ET (11:48 GMT)

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Stewart \n\n\n \n\n\n  Wallbridge Mining will receive a roughly 56 million Canadian dollars (US$41 million) capital injection from gold producer Agnico Eagle and Waratah Capital Advisors that will help fund a prefeasibility study on its flagship Fenelon asset in Quebec's Abitibi region. \n\n\n  Agnico Eagle and Waratah will buy shares of the exploration company, giving each investor a roughly 19.9% stake. \n\n\n  Wallbridge said it next plans to seek approval from its shareholders for a 20-for-one share consolidation and a renaming of the company to Sunday Lake Gold. \n\n\n  The investments will be made at a price of C$0.092 a share, a 15% premium to the last closing price for Wallbridge's shares in Toronto. \n\n\n  Longtime shareholder Agnico Eagle has agreed to buy about 243.9 million shares for C$22.4 million, while Waratah will purchase 364.3 million shares for about C$33.5 million, Wallbridge said. \n\n\n \n\n\n  Write to Robb M. 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