Dundee Corporation executed a rapid acquisition-to-monetization strategy with New Found Gold Corp., completing a $97.9 million transaction within approximately one month.

On November 13, 2025, Dundee acquired 36,722,569 common shares and 7,655,829 warrants of New Found Gold through a plan of arrangement with Maritime Resources Corp., securing approximately 10.88% ownership on an undiluted basis and 12.86% on a partially diluted basis. Prior to this arrangement, Dundee held no securities in the company.

On December 16, 2025, Dundee closed the sale of 24,480,000 units at $4.00 per unit to BMO Capital Markets Inc. and SCP Resource Finance LP for gross proceeds of C$97,920,000. Each unit comprises one New Found Gold common share and one-half of a common share purchase warrant. Each full warrant entitles holders to acquire one additional Dundee-owned common share at $5.00 within 12 months. If all warrants are exercised, total gross proceeds to Dundee would reach C$159,120,000.

In Canada, unit shares were sold through block trades on December 8, 2025, while warrants were sold via private placement. In the United States and certain offshore jurisdictions, both components were sold through private placement in accordance with applicable securities laws. The warrants are subject to a statutory hold period expiring April 17, 2026.

Cassels Brock & Blackwell LLP acted as legal advisor to Dundee Corporation.