FIRST QUANTUM MINERALS ANNOUNCES CASH TENDER OFFER TO PURCHASE ITS OUTSTANDING 6.875% SENIOR NOTES DUE 2027 IN A MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF UP TO $500,000,000

Core Viewpoint - First Quantum Minerals Ltd. has initiated a cash tender offer for its outstanding 6.875% Senior Notes due 2027, with a maximum aggregate principal amount of up to $500 million, which may be increased under the terms of the offer [1][4]. Tender Offer Details - The tender offer will expire at 5:00 PM New York City time on March 19, 2025, with an early tender time set for March 4, 2025 [2]. - Holders who tender their notes by the early tender time will receive a total consideration of$1,012.00 per $1,000 principal amount, which includes a$50.00 early tender premium [2][4]. - For notes tendered after the early tender time but before the expiration time, the consideration will be $962.00 per$1,000 principal amount [2][4]. Financial Information - The total outstanding principal amount of the notes is $1.5 billion, with a maximum tender amount of$500 million [3][4]. - The company may increase the maximum tender amount up to $750 million, and notes tendered before the early tender time will have priority [6][5]. Conditions and Settlement - The consummation of the tender offer is subject to certain conditions, including the successful pricing and closing of a concurrent offering of senior unsecured notes [8][7]. - Early settlement for notes tendered by the early tender time is expected to occur two business days following that date, while final settlement for notes tendered after the early tender time is expected two business days after the expiration time [10]. Additional Information - Holders wishing to subscribe for new notes may apply for priority allocation, subject to the terms outlined in the offer [9]. - The company has engaged several financial institutions as dealer managers for the tender offer [12].