First Quantum Minerals Announces Extension of the Expiration Date, Guaranteed Delivery Date and Settlement Date of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027

Core Viewpoint - First Quantum Minerals Ltd. is extending the Tender Offer for its outstanding 6.875% Senior Notes due 2027, with new dates for the Price Determination, Expiration, Guaranteed Delivery, and Settlement Dates [1][6][9]. Group 1: Tender Offer Details - The Tender Offer is aimed at purchasing all outstanding 6.875% Senior Notes due 2027, with the consideration for each $1,000 principal amount of Notes tendered being calculated based on a fixed spread plus the yield from a specified U.S. Treasury Reference Security [2][4]. - The new Price Determination Date is set for August 18, 2025, and the Expiration Date is also extended to the same date [1]. - Holders who validly tender their Notes will receive a cash amount equal to accrued and unpaid interest from the last interest payment date up to the Settlement Date [2][3]. Group 2: Refinancing and Redemption - The purpose of the Tender Offer is part of a refinancing transaction, where the company expects to issue new senior notes to fund the purchase of the existing Notes and redeem any not tendered [6][7]. - If not validly tendered, the company intends to redeem any remaining Notes on or after October 15, 2025, at a redemption price of 100.000% plus accrued interest [7][9]. - The company reserves the right to acquire any remaining outstanding Notes through various means if the Redemption does not occur [7][9]. Group 3: Conditions and Amendments - The completion of the Tender Offer is subject to the successful issuance of New Notes and satisfaction of certain financing conditions [9][10]. - The company retains the right to amend or waive conditions of the Tender Offer, extend the Expiration Date, or modify the terms of the offer [10][12].