Core Viewpoint - Nexa Resources has priced an offering of US$500 million in senior unsecured notes with a 6.600% interest rate, maturing in 2037, with the closing expected on April 8, 2025 [1][3]. Group 1: Offering Details - The offering consists of US$500 million in senior unsecured notes due in 2037 [1]. - The notes are guaranteed by Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A. [2]. - The notes will be sold only to qualified institutional buyers and non-U.S. persons, adhering to specific regulations under the U.S. Securities Act [4]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to fund a cash tender offer for existing notes due in 2027 and 2028 [3]. - Remaining proceeds will be allocated for the redemption of any existing notes due in 2027 not repurchased in the tender offers and for general corporate purposes, including liability management transactions [3]. Group 3: Company Overview - Nexa Resources is a large-scale, low-cost integrated polymetallic producer, primarily focused on zinc, with over 65 years of experience in mining and smelting in Latin America [6]. - The company operates four long-life underground polymetallic mines and one low-cost open pit mine in Peru, along with three smelters in Brazil and Peru [6]. - In 2024, Nexa was among the top five producers of mined zinc globally and one of the top five metallic zinc producers worldwide, according to Wood Mackenzie [7].

Core Insights - T2 Metals Corp. has completed its winter core drilling program at the Sherridon copper-gold project, achieving a total of 1,120 meters drilled in four holes [1][4] - The drilling program has allowed T2 Metals to fulfill expenditure milestones to achieve 90% ownership of the Sherridon project under an Option Agreement with Halo Resources Ltd [3][4] - The project is characterized by high-grade volcanogenic massive sulphide (VMS) deposits and has a significant mining history, with multiple copper-rich occurrences [4] Drilling Program Details - The winter 2025 drilling program utilized frozen ground for easier access and reduced environmental impact, focusing on new near-surface areas away from historical resources [1][2] - The program tested combined geophysical (VTEM) and geochemical targets, with three holes exploring new areas [2] - Previous drilling in 2023 and 2024 intersected high-grade copper and gold, with notable results including 6.49 meters at 1.82% Cu and 0.74 g/t Au [4] Ownership and Financial Aspects - Completion of the drilling program fulfills the requirements for T2 Metals to own 90% of the Sherridon project, with no further expenditure commitments under the Option Agreement [3] - Halo Resources Ltd has the option to fund pro-rata or convert to a 1.5% net smelter royalty, which T2 Metals can purchase for C$2,000,000 at any time [3] Support and Collaboration - The winter drilling program was supported by the Kiciwapa Cree First Nation and co-funded by the Manitoba Mineral Development Fund [5]