Fresnillo plc, the world's largest primary silver producer and a major player in the gold sector in Mexico, has entered into a definitive agreement to acquire Canadian company Probe Gold Inc. for a total consideration of approximately CAD 780 million. This transaction, carried out through a statutory plan of arrangement, marks a crucial step for Fresnillo in its international expansion strategy. Listed on the London and Mexican stock exchanges, Fresnillo strengthens its position as a global leader in precious metals with this acquisition. By integrating Probe's assets, including the flagship Novador project in the Val-d’Or gold district of Quebec, Fresnillo expands its project portfolio and establishes a presence in one of Canada's most promising mining areas. Lavery is proud to advise Fresnillo on the legal aspects of this acquisition in Quebec. Our team provided expertise in mining law, labor and employment law, real estate law, environmental law, and relations with First Nations. Under the leadership of Sébastien Vézina and Jean-Paul Timothée, our team included Valérie Belle-Isle, Jules Brière, Carole Gélinas, Eric Lavallée, Jessica Parent, Yasmine Belrachid, Siddhartha Borissov-Beausoleil, Radia Amina Djouaher, Eric Gélinas, Ghiles Helli, Jessy Menar, Nadine Giguère, Annie Groleau, Joëlle Montpetit, Ana Cristina Nascimento, Thomas Cazelais Turcotte, and Clara Fortin. This collaboration demonstrates Lavery's commitment to providing legal advice tailored to the complex issues of the mining industry in Quebec. The transaction is expected to close in the first quarter of 2026, subject to required approvals, thereby strengthening economic ties between Quebec and Mexico in the precious metals sector.

In October, Desjardins Capital announced a major investment in Chagall Design, a leading Canadian furniture manufacturer headquartered in Sainte-Julie. As a minority shareholder, Desjardins Capital will provide not only financial support but also strategic guidance to help Chagall Design consolidate its business plan and pursue its development goals. The ambitious business is currently expanding its activities into the United States and preparing to penetrate the European market with a view to diversifying and seizing new opportunities. Lavery had the privilege of representing Desjardins Capital for this investment. The Lavery team, led by Alexandre Hébert, was composed of Francis Dumoulin, Siddhartha Borissov-Beausoleil, Jessy Ménard, Arielle Supino, Chloé Béland and Sonia Guérin.

We are pleased to announce the acquisition of Progression by Valsoft Corporation, an operation that underscores both companies' commitment to strengthening their position in the dynamic service management sector. This strategic partnership will allow Progression to continue its growth trajectory while preserving its independence and entrepreneurial spirit for which it is renowned. At Lavery, we are proud to stand by our clients during these crucial stages. Every decision made in the context of this transaction shapes the future and professional success of our clients. The Lavery team was led by Alexandre Hébert and composed of Siddhartha Borissov-Beausoleil, Francis Dumoulin, Jean-Paul Timothée, Diane L'Écuyer, and Arielle Supino.  Valsoft, on the other hand, was internally represented by Shinjay (Ssin) Choi, Senior Legal Counsel, and Elisa Maria M., Senior Corporate Paralegal. The financial dimension of this acquisition was orchestrated by Raymond Chabot Grant Thornton, under the expert direction of Simon Marcotte Légaré, MBA, partner in mergers and acquisitions.