First Quantum Provides Update on Cobre Panamá

Core Viewpoint - First Quantum Minerals Ltd. has received approval for the Preservation and Safe Management program for the Cobre Panamá mine from the Government of Panama, enabling integral preservation and environmental measures funded by the export of 121,000 dry metric tonnes of copper concentrate stored on-site [1]. Group 1: Company Actions and Commitments - The company is committed to sustainability and responsible resource management at Cobre Panamá, emphasizing local procurement with Panamanian suppliers [2]. - Cobre Panamá will coordinate with local authorities and communities to ensure safe and responsible management of its activities, maintaining open and transparent dialogue with stakeholders [2]. Group 2: Financial and Operational Aspects - The funding for the preservation and management activities will come from the export of 121,000 dry metric tonnes of copper concentrate [1]. - The company is taking steps to ensure compliance with regulatory and transparency standards, including the restart of the power plant and engagement with local authorities [3][4].