Cadillac Mines Announces Filing of Second Quarter Financial Results With Over $300M of Working Capital Including Proceeds From Successful Initial Public Offering

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Postmedia has not reviewed the content. by GlobeNewswire Cadillac Mines Announces Filing of Second Quarter Financial Results With Over $300M of Working Capital Including Proceeds From Successful Initial Public OfferingAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.(All amounts in Canadian dollars unless otherwise noted)THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTORONTO, 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.Cadillac Mines finished the second quarter with cash and equivalents of $72.1 million and no debt.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSubsequent 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.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.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.”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.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.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Forward-Looking StatementsThis news release may contain forward-looking information within the meaning of applicable securities laws. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking information includes, but is not limited to, statements with respect to anticipated future working capital requirements and anticipated development work. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, factors discussed under “Risk Factors” in the Supplemented Prospectus. Cadillac Mines undertakes no obligation to publicly update or review any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.For further information, please contact: Hannes Portmann, Chief Financial Officer hportmann@cadillacmines.comNotice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.