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Canada
Wasamac is a development-stage underground gold project near Rouyn-Noranda, Quebec, owned and operated by Agnico. Wasamac is adjacent to the Trans-Canada Highway and Ontario Northland rail line, and approximately 100 km west of Agnico Eagle’s Canadian Malartic complex. Agnico has indicated that it envisions the project as an underground bulk mining operation. Ongoing studies have advanced a development scenario that would truck Wasamac ore to the Canadian Malartic complex for processing, eliminating the need for an on-site processing plant and tailings facility.
The initial assessment led to the conversion of 1.38 Moz of gold into Mineral Reserves as at December 31, 2025. Agnico has indicated that the revised project configuration could support an approximately 15 year mine life and would reduce the project’s overall surface footprint.
In 2026, Agnico plans to continue technical evaluation and permitting work at Wasamac as it advances studies on mining rate, development sequencing and ore processing at Canadian Malartic. Permitting and environmental work remains ongoing, including applications related to bulk sampling and project infrastructure.
Metalla holds a 1.5% NSR royalty on Wasamac, subject to a 0.5% buy back for C$7.5 million.
Metalla GEOs reflect the attributable gold-equivalent ounces under the 1.50% NSR Royalty. Resources shown exclusive of reserves. See Asset Handbook for full notes.
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