First Quantum Minerals Ltd. has announced a Tender Offer to purchase its outstanding 9.375% Senior Secured Second Lien Notes due 2029 in an amount of up to $250,000,000. The Company priced and upsized its offering of $1.0 billion aggregate principal amount of senior notes due 2034 to fund the Tender Offer. Holders who tender their Notes by the Early Tender Time may receive $1,066.25 per $1,000 principal amount. The Tender Offer expires on September 3, 2025, and is subject to certain conditions. The Company has engaged dealer managers for the Tender Offer. For more information, visit the Company’s website or contact the Investor Relations or Media Relations departments.

The Tender Offer is not conditioned on a minimum amount of Notes being tendered but is subject to a maximum aggregate principal amount of $250,000,000. The Company may prorate tendered Notes if the purchase price exceeds the Maximum Tender Amount. The Offer is subject to certain conditions, and the Company reserves the right to amend, extend, or terminate the Tender Offer at its discretion. Early settlement for validly tendered Notes may occur on the second business day following the Early Tender Time, with final settlement following the Expiration Time.

Forward-looking statements in the news release include details about the Tender Offer, cash expenditure, timing, and settlement. The Company has made assumptions about pricing the New Notes and achieving its goals. Risks include global economic events impacting stability. Readers are advised not to rely solely on forward-looking statements. The Company will not reissue or update forward-looking statements except as required by law.

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