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TORONTO, Ontario, Aug. 13, 2026 (GLOBE NEWSWIRE) — Cadillac Mines Corporation (TSX: CADY) (“Cadillac Mines” or the “Company”) today announces that the Company has filed its unaudited condensed consolidated interim financial statements and related notes thereto, as well as its Management’s Discussion and Analysis (MD&A), for the three and six months ended June 30, 2026, and 2025. The 2026 second quarter financial statements and MD&A are available on the Company’s website at www.cadillacmines.com and have been filed on the Company’s profile on SEDAR+ at www.sedarplus.ca.
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Cadillac Mines finished the second quarter with cash and equivalents of $72.1 million and no debt.
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Subsequent to the end of the quarter, the Company announced the closing of its upsized initial public offering which consisted of a treasury offering by Cadillac Mines of 18,845,000 common shares at $6.90 per share and 6,303,000 special flow-through shares at $9.52 per share, for gross proceeds of $190.0 million to Cadillac Mines. The Company also completed a concurrent private placement of 8,696,000 common shares of the Company to Agnico Eagle Mines Limited at $6.90 per share for gross proceeds of approximately $60.0 million.
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As part of the transaction, a secondary offering was completed by certain shareholders of the Company which consisted of 36,236,700 common shares at $6.90 per share for gross proceeds of $250.0 million to the selling shareholders.
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Rick Howes, Chief Executive Officer of Cadillac Mines, stated, “We are excited to begin the next stage of our journey as a newly listed public company on the TSX with a strong cash position and a district scale platform in one of the best jurisdictions and gold belts in the world — the southern Abitibi region of Canada.”
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When combining the Company’s quarter-end cash and equivalents with the proceeds from the treasury offering and the private placement, Cadillac Mines has over $300 million in working capital leaving the Company well positioned to advance its multiple value-enhancing initiatives including: exploration, permitting, environmental and engineering studies.
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About Cadillac Mines
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Cadillac Mines Corporation is a Canadian mineral exploration company advancing a growing portfolio of gold and critical mineral projects along the prolific Cadillac-Larder Lake Break in Ontario and Québec. Anchored by the historic Kerr-Addison Mine, the Company is focused on expanding its gold resource base, advancing the Geminid nickel deposit and unlocking the broader potential of its district-scale Abitibi land position. Through disciplined exploration, technical excellence and responsible development, Cadillac Mines is working to create lasting value for shareholders, communities and other stakeholders. For more information about the Company, please visit www.cadillacmines.com.
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