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 deadlines for various key dates related to the offer [1][2]. Group 1: Tender Offer Details - The Price Determination Date is extended to August 18, 2025, and the Expiration Date is also extended to August 18, 2025 [1]. - The Guaranteed Delivery Date is now August 20, 2025, and the expected Settlement Date is moved to August 21, 2025 [1]. - The consideration for each $1,000 principal amount of Notes tendered will be calculated based on a fixed spread plus the yield from a specified U.S. Treasury Reference Security [2]. Group 2: Notes and Redemption - The purpose of the Tender Offer is to acquire all outstanding Notes as part of a refinancing transaction, with plans to issue new senior notes [6]. - The Company intends to redeem any Notes not tendered in the offer on or after October 15, 2025, at a redemption price of 100.000% plus accrued interest [7]. - If 90% of the outstanding Notes are tendered, the Company can redeem all remaining Notes at the same price offered in the Tender Offer [8]. Group 3: Conditions and Management - The Tender Offer is subject to the successful completion of the New Notes Issuance, which must provide sufficient proceeds to fund the purchase of all outstanding Notes [9]. - The Company reserves the right to amend or waive conditions of the Tender Offer at its discretion [10]. - The Dealer Managers for the Tender Offer include J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, BMO Capital Markets Corp., and Société Générale [12].