en.Wedoany.com Reported - Goldsky Resources Corp (hereinafter referred to as Goldsky Resources or the Company) announced on June 25, 2026, that it has completed the acquisition of the remaining 55% interest in the Barsele gold project in Sweden, thereby achieving 100% ownership of the project.

The transaction was completed pursuant to a share purchase agreement entered into between Goldsky Resources and Agnico Eagle Sweden AB, a wholly owned subsidiary of Agnico Eagle Mines Limited, on January 28, 2026, whereby Goldsky Resources acquired Agnico Sweden's 55% interest in Gunnarn Mining AB. The consideration includes a cash payment of US$20,000,000, the issuance of 75,509,577 common shares of the Company to Agnico Eagle, and the grant to Agnico Sweden of a 2% net smelter return royalty on Barsele. The Company also assumed Agnico Eagle's obligations under an existing Barsele 2% net smelter return royalty in favor of Orex Minerals Inc.

Chief Executive Officer Russell Bradford stated that the Company is very pleased to have completed this transformative Barsele transaction, marking an exciting new chapter for Goldsky. The Company looks forward to advancing what is expected to be one of the largest drilling campaigns ever undertaken on the Barsele permit area and welcomes the Swedish team to Goldsky.

Concurrent with the closing of the transaction, Goldsky Resources entered into an investor rights agreement with Agnico Eagle, providing Agnico Eagle with certain participation rights, top-up rights, and board nomination rights, as well as demand and piggyback registration rights. Agnico Eagle has informed the Company that it currently has no intention of exercising its board nomination rights. The Company has obtained approval from disinterested shareholders to treat Agnico Eagle as a control person of the Company. The transaction was completed on an arm's length basis and has received final approval from the TSX Venture Exchange.

Barsele consists of several exploration and mining permits, all of which are in good standing. Certain exploration permits are nearing expiry but may be renewed provided it can be demonstrated that extensive exploration work has been carried out on Barsele and that the Company intends to complete a substantive exploration program to advance Barsele to a stage where further exploration work could lead to mining operations. Goldsky is confident that the conditions for granting permit extensions are met and that these permits will be extended.

Goldsky Resources paid a finder's fee to an arm's length party, Nuvolari Capital Limited, amounting to 3% of the total value of the cash consideration and consideration shares paid and issued under the transaction, with a total value of approximately C$6,797,559. The fee was satisfied by issuing 2,574,833 common shares of the Company at a deemed price of C$2.64 per share. Additionally, the Company will issue 468,550 common shares of the Company to CEO Mr. Bradford at a deemed price of C$3.20 per share to fulfill certain conditions under his employment agreement. Pursuant to applicable laws and TSXV policies, the Consideration Shares, Nuvolari Shares, and Bradford Shares are subject to a four-month hold period from the date of issuance. The issuance of the Bradford Shares remains subject to TSXV approval.

Goldsky Resources is a publicly traded gold exploration company consolidating assets in Sweden and Finland. The flagship asset is the 100%-owned Barsele gold project in central Sweden, with Indicated Mineral Resources of 7.88 million tonnes at 1.27 g/t gold for 320,000 ounces of gold, and Inferred Mineral Resources of 28.75 million tonnes at 1.98 g/t gold for 1.83 million ounces of gold. The Company holds a regional-scale permit area surrounding Barsele, totaling approximately 80,000 hectares, located on the Gold Line greenstone belt in Sweden, including two additional projects (Paubäcken, Storjuktan). In central Finland, the Company 100% owns a regional-scale property covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold discovery on the belt. The Company also 100% owns the Rajapalot gold-cobalt project in northern Finland, with Inferred Resources of 9.78 million tonnes containing 867,000 ounces of gold at a grade of 2.8 g/t gold, and 4,300 tonnes of cobalt at a grade of 441 ppm cobalt.

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