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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
Prnewswire· 2025-08-06 22:08
Core Viewpoint - First Quantum Minerals Ltd. is extending the Tender Offer for its outstanding 6.875% Senior Notes due 2027, with new deadlines set for various key dates in the process [1][2]. Group 1: Tender Offer Details - The Price Determination Date has been extended to August 18, 2025, and the Expiration Date is now also August 18, 2025 [1]. - The Guaranteed Delivery Date is extended to August 20, 2025, and the expected Settlement Date is now August 21, 2025 [1]. - Holders of the Notes will receive a cash amount equal to accrued and unpaid interest from the last interest payment date up to the Settlement Date [2]. Group 2: Purpose and Financing - The Tender Offer aims to acquire all outstanding Notes as part of a refinancing transaction, with the expectation to issue new senior notes (New Notes) [6]. - Proceeds from the New Notes are intended to be used to purchase Notes in the Tender Offer and redeem any Notes not tendered [6]. - The Company intends to redeem any Notes not validly tendered after October 15, 2025, subject to certain conditions [7][8]. Group 3: Conditions and Amendments - The completion of the Tender Offer is contingent upon the successful issuance of New Notes and satisfaction of specific financing conditions [10]. - The Company reserves the right to amend or waive conditions of the Tender Offer at any time [11]. - If 90% of the outstanding Notes are tendered, the Company may redeem all remaining Notes at the offered price [9].
FIRST QUANTUM MINERALS ANNOUNCES CASH TENDER OFFER TO PURCHASE ITS OUTSTANDING 9.375% SENIOR SECURED SECOND LIEN NOTES DUE 2029 IN A MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF UP TO $250 MILLION
Prnewswire· 2025-08-06 22:02
Core Points - First Quantum Minerals Ltd. has initiated a cash tender offer for its outstanding 9.375% Senior Secured Second Lien Notes due 2029, with a maximum aggregate principal amount of up to $250 million [1][3] - The company has successfully priced and upsized a concurrent offering of $1 billion aggregate principal amount of senior notes due 2034, with part of the proceeds intended for the tender offer [2] Tender Offer Details - The tender offer will expire at 5:00 PM, New York City time, on September 3, 2025, with an early tender time set for August 19, 2025 [3] - Holders who tender their notes by the early tender time will receive a total consideration of $1,066.25 per $1,000 principal amount, which includes a $50 early tender premium [3][4] - After the early tender time, holders will receive $1,016.25 per $1,000 principal amount of notes tendered [3][4] Financial Information - The maximum tender amount is set at $250 million, which does not include accrued interest [5][7] - Notes purchased in the tender offer will also include accrued and unpaid interest from the last payment date to the settlement date [6] - The tender offer is not conditioned on a minimum amount of notes being tendered but may be subject to proration if the total tendered exceeds the maximum amount [7] Conditions and Settlement - The consummation of the tender offer is subject to certain conditions, including the successful pricing and closing of the new notes offering [8] - Early settlement for notes tendered by the early tender time is expected to occur two business days after that time, while final settlement for notes tendered after the early tender time is expected two business days after the expiration time [9]
First Quantum Minerals Announces Cash Tender Offer To Purchase Its Outstanding 9.375% Senior Secured Second Lien Notes Due 2029 In A Maximum Aggregate Principal Amount Of Up To $250 Million
GlobeNewswire News Room· 2025-08-06 21:53
Core Points - First Quantum Minerals Ltd. has initiated a cash Tender Offer for its outstanding 9.375% Senior Secured Second Lien Notes due 2029, with a maximum aggregate principal amount of up to $250 million [1][6] - The company has successfully priced and upsized a concurrent offering of $1 billion aggregate principal amount of senior notes due 2034, with part of the proceeds intended for the Tender Offer [2] Tender Offer Details - The Tender Offer will expire on September 3, 2025, at 5:00 PM New York City time, with an Early Tender Time set for August 19, 2025 [3] - Holders who tender their Notes by the Early Tender Time will receive a Total Consideration of $1,066.25 per $1,000 principal amount, which includes a $50 Early Tender Premium [3][4] - After the Early Tender Time, holders will receive a Tender Consideration of $1,016.25 per $1,000 principal amount [3][4] Financial Information - The maximum amount of Notes that can be purchased in the Tender Offer is $250 million, and the offer is not conditioned on a minimum amount being tendered [6] - Notes purchased in the Tender Offer will also include accrued and unpaid interest from the last interest payment date to the settlement date [5] Conditions and Settlement - The consummation of the Tender Offer is subject to certain conditions, including the successful pricing and closing of the New Notes [7][9] - Early settlement for Notes tendered by the Early Tender Time is expected to occur two business days after that time, while final settlement for later tenders is expected two business days after the Expiration Time [10]
First Quantum Minerals Announces Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027
Globenewswire· 2025-08-06 11:27
Core Viewpoint - First Quantum Minerals Ltd. has initiated a cash tender offer to purchase all outstanding 6.875% Senior Notes due 2027 as part of a refinancing strategy [1][6]. Tender Offer Details - The tender offer will expire on August 12, 2025, at 5:00 PM New York City time [2]. - Holders of the notes will receive a cash amount based on a fixed spread plus the yield of a U.S. Treasury Reference Security, along with accrued interest [2][6]. - Notes can be withdrawn at any time before the expiration date, and accepted notes will be canceled upon completion of the tender offer [3]. Purpose and Financing - The tender offer aims to acquire all outstanding notes as part of a refinancing transaction, with plans to issue new senior notes [6]. - Proceeds from the new notes issuance are expected to fund the purchase of the tendered notes and redeem any notes not tendered [6][10]. - The company intends to redeem any notes not validly tendered after October 15, 2025, at a redemption price of 100% plus accrued interest [7][10]. Conditions and Amendments - The completion of the tender offer is subject to the successful issuance of new notes and satisfaction of financing conditions [10]. - The company reserves the right to amend or waive conditions of the tender offer, extend the expiration date, or modify the terms [11][10]. Additional Information - The company has engaged several financial institutions as dealer managers for the tender offer [13]. - Full details regarding the tender offer can be obtained from the company's Offer to Purchase [12].
Wall Street Analysts See a 30.18% Upside in Aris Mining Corporation (ARMN): Can the Stock Really Move This High?
ZACKS· 2025-07-30 14:55
Group 1 - Aris Mining Corporation (ARMN) closed at $7.19, with a 5.7% gain over the past four weeks, and has a mean price target of $9.36, indicating a 30.2% upside potential [1] - The average price targets range from a low of $8.72 to a high of $10.08, with a standard deviation of $0.58, suggesting a 21.3% increase at the lowest estimate and a 40.2% increase at the highest [2] - Analysts show strong agreement in revising earnings estimates higher, with the Zacks Consensus Estimate for the current year increasing by 11.8% over the past month [11][12] Group 2 - ARMN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - The consensus price target, while not entirely reliable, indicates a positive direction for ARMN's stock price movement [14] - Analysts' optimistic outlook on ARMN's earnings prospects correlates with potential near-term stock price movements [11]
First Quantum Reports Fatality at Trident
Globenewswire· 2025-06-23 10:30
Core Points - First Quantum Minerals Ltd. announced the tragic death of an employee due to an incident involving a dump truck at the Sentinel pit [1] - The company is cooperating with local authorities and conducting an internal investigation into the accident [2] - The CEO expressed condolences and emphasized the company's commitment to workforce health and safety [3]
Canadian Critical Minerals Generates Record Revenues of USD$358,000 from Bull River Mine in May 2025
Newsfile· 2025-06-10 14:57
Core Insights - Canadian Critical Minerals Inc. (CCMI) reported record revenues of approximately USD$358,000 from the sale of stockpiled mineralized material in May 2025 [1][6] - The company trucked 1,437 dry metric tonnes of sorted mineralized material to New Afton, which included high-grade copper, gold, and silver [1][2] - The mineralized material sent to New Afton had a grade of 3.06% Cu, 0.78 g/t Au, and 22.9 g/t Ag [1] Company Overview - CCMI is primarily focused on copper production assets in Canada, with its main asset being the Bull River Mine project, which contains 150 million lbs of copper [3] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry copper project and the Opemiska copper project [3] Operational Context - The mineralized material was sorted and stockpiled during March and April 2025 due to road restrictions, and new material was processed in May 2025 [2] - The sale of mineralized material helps offset care and maintenance costs for the Bull River Mine and provides funding for the permit process to restart operations [3]
United States Antimony Corporation Announces Participation at Centurion One Capital 6th Annual LA Summit
Newsfile· 2025-06-02 12:00
Group 1 - United States Antimony Corporation (USAC) is participating in the Centurion One Capital 6th Annual LA Summit from June 2 to June 6, 2025, at the Beverly Hills Hotel [1][3] - Gary C. Evans, Chairman and CEO of USAC, will deliver a corporate presentation on June 5, 2025, and will also engage in one-on-one investor meetings and a panel discussion during the conference [2] - The LA Summit will feature presentations, panel discussions, and investor meetings, scheduled from 12:00 PM EDT to 8:00 PM EDT on June 4 and 5, 2025 [3] Group 2 - Centurion One Capital is an independent investment banking firm focused on supporting the growth of companies in North America, providing financial solutions and strategic guidance [4][5] - The firm employs a team of experienced professionals with extensive financial expertise and sector knowledge, aiming to develop tailored strategies for clients [5] Group 3 - USAC operates in the U.S., Mexico, and Canada, selling antimony, zeolite, and precious metals, primarily processing third-party ore into various antimony products and precious metals [6][7] - The company’s antimony oxide is utilized in flame-retardant systems for various materials, while antimony metal is used in bearings and batteries [6] - USAC also mines and processes zeolite at its Bear River Zeolite facility in Idaho, which has applications in environmental cleanup and agriculture [7]
Canadian Critical Minerals Generates USD$140,000 in Revenue from Bull River Mine
Newsfile· 2025-05-21 17:31
Group 1 - Canadian Critical Minerals Inc. (CCMI) reported revenues from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project, with provisional payments of approximately USD$144,000 for April 2025 shipments [1] - In April 2025, the company trucked 429 dry metric tonnes of sorted mineralized material to New Afton, which graded 2.87% Cu, 1.97 g/t Au, and 21.0 g/t Ag [1] - Road restrictions imposed by the Ministry of Transportation and Infrastructure of British Columbia were lifted in late April 2025, allowing the company to resume trucking operations [2] Group 2 - CCMI's main asset is the 100% owned Bull River Mine project, which contains 150 million lbs of copper and has a mineral resource that includes copper, gold, and silver [3] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry copper project and the Opemiska copper project [3]
Canadian Critical Minerals Generates USD$79,000 in Revenue from Bull River Mine
Newsfile· 2025-04-28 14:56
Group 1: Company Overview - Canadian Critical Minerals Inc. (CCMI) is focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project near Cranbrook, British Columbia, which contains copper, gold, and silver resources [5] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry Mine copper project in Ontario and the Opemiska Mine copper project in Quebec [5] Group 2: Recent Operational Updates - In March 2025, CCMI trucked 254 dry metric tonnes of sorted mineralized material to New Afton, receiving a provisional payment of approximately USD$79,000 for these shipments [1] - The mineralized material sent to New Afton had grades of 3.14% copper, 0.82 g/t gold, and 25.2 g/t silver [1] - The company faced operational challenges due to spring road restrictions in southern British Columbia, limiting the payload to 50% of normal, which affected the volume of material transported [2] - Operational issues with the x-ray transmissive ore sorter led to a lower copper grade than planned for March 2025; however, these issues have been resolved, and the sorter is now functioning effectively [3] Group 3: Future Plans - CCMI plans to resume trucking of mineralized material in late April to early May 2025 once road restrictions are lifted [2] - All rejects from sorting have sufficient grades to be processed at the Bull River Mine once the mill is re-permitted to operate [3]