South32 Ltd. in its completed strategic investment in American Eagle Gold Corp. South32 Ltd. in its completed strategic investment in American Eagle Gold Corp.

On November 26, 2024, South32 Ltd. completed its $29 million strategic investment to acquire a 19.9% interest in TSX-V-listed American Eagle Gold Corp. (American Eagle). American Eagle is advancing the Nak Project, a highly prospective copper porphyry system located in northwest British Columbia which has excellent infrastructure access. American Eagle plans on utilizing the funding towards advancing the success of the drill program which will increase NAK’s scope and identify high-grade zones.

South32 Ltd. (South32) operates as a global diversified mining and metals company, whose purpose is to make a difference by developing natural resources, improving people’s lives now and for generations to come. South32 is trusted by its owners and partners to realise the potential of their resources. The company produces minerals and metals critical to the world’s energy transition from operations across the Americas, Australia and southern Africa and is discovering and responsibly developing its next generation of mines. South32 aspires to leave a positive legacy and build meaningful relationships with its partners and communities to create brighter futures together.

Osler, Hoskin & Harcourt LLP advised South32 Ltd. with a team consisting of Patrick Sullivan, Nicole Cargill, Joey Levesque (Corporate) and Sarah Taylor (Regulatory).