First Quantum Announces Redemption of $400 Million Outstanding 2024 Notes

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that it intends to issue a notice of redemption on March 17, 2023 for its $400 million outstanding 6.500% Senior Notes due March 2024 (Rule 144A: ISIN US335934AP02; CUSIP 335934AP0; Reg S: ISIN USC3535CAH19; CUSIP C3535CAH1) (the "2024 Notes") to be redeemed on March 28, 2023.

As will be specified in the notice of redemption relating to the redemption of the 2024 Notes, the outstanding 2024 Notes to be redeemed will be redeemed in full at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest.

The information in this announcement does not constitute a notice of redemption of the 2024 Notes, or an offer (or a solicitation of an offer) to purchase or to sell the 2024 Notes or any other securities.

The Depositary Trust Company ("DTC") shall inform its participants in accordance with its own rules and procedures. DTC's participants may act as custodians/intermediaries for Noteholders who will distribute the notice to their clients in accordance with their own service level agreements.

For further information, the Noteholders should contact DTC or alternatively their service provider (i.e. custodian) who in turn should follow up with DTC for more information.

For further information, visit our website at www.first-quantum.com or contact:

Bonita To, Director, Investor Relations
(416) 361-6400 Toll-free: 1 (888) 688-6577
E-Mail: info@fqml.com

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and forward-looking information under applicable Canadian securities legislation. Such forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, financial condition, performance or achievements of the Company to be materially different from any future results, financial condition, performance or achievements expressed or implied by such forward-looking statements or information. Such factors may include, among others, those factors disclosed in the Company's documents filed from time to time with the Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Ontario Securities Commissions, the Autorité des marchés financiers in Quebec, the United States Securities and Exchange Commission and the London Stock Exchange.

PROHIBITION OF SALES TO EEA OR UK RETAIL INVESTORS
The securities referred to herein are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU ("MiFID II") or (ii) a customer within the meaning of Directive 2016/97/EU, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II or (iii) not a Qualified Investor. Consequently, no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling such securities or otherwise making them available to retail investors in the EEA or the UK has been prepared and therefore offering or selling such securities or otherwise making them available to any retail investor in the EEA or the UK may be unlawful under the PRIIPS Regulation.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

FM:CA,FQVLF
The Conversation (0)
Miramar Resources

High Priority Bedrock Gold Target Identified - Amended

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) refers to the announcement released on 16 May 2024 titled “HIGH PRIORITY BEDROCK GOLD TARGET IDENTIFIED AT GIDJI JV” (Announcement).

An updated announcement is attached, which includes a JORC Table 1 and 2 with details of the Offset Pole-Dipole IP survey conducted by the Company in May 2022.

To clarify, the gravity image presented in Figure 5 of the above Announcement was produced by gridding open file gravity data over the project area downloaded from WA government websites.

This announcement was authorised for release by the board of directors.


Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that reprocessing of geophysical data has upgraded the 8-Mile target within the Gidji JV Project (“Gidji” or “the Project”), 15 kilometres north of Kalgoorlie, WA.

Keep reading...Show less
  Anax Metals Limited

Greentech And Anax to Collaborate on Copper-Focussed Pilbara Base Metal Alliance

Anax Metals Limited (ASX: ANX, Anax, or the Company) and GreentTech Metals Ltd (ASX: GRE, GreenTech) are pleased to announce that they have signed a non-binding and non-exclusive Memorandum of Understanding (MoU) which sets out the terms on which Anax and GreenTech (together the Parties) agree to jointly assess the potential to treat GreenTech base metal assets, with a focus on the open-pittable Whundo deposit, at the fully-permitted Whim Creek Processing hub (Whim Creek).

Keep reading...Show less
Miramar Resources

High Priority Bedrock Gold Target Identified at Gidji JV

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that reprocessing of geophysical data has upgraded the 8-Mile target within the Gidji JV Project (“Gidji” or “the Project”), 15 kilometres north of Kalgoorlie, WA.

Keep reading...Show less
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF)

Intrepid Metals Intersects Shallow Mineralization of 72.20 Meters of 1.28% Copper Within 198.00 Meters of 0.68% CuEq During Its Initial Drill Program at Its Corral Copper Property in Arizona

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") provides results for 5 additional diamond drill holes from the Company's Corral Copper Property ("Corral Copper" or the "Property") located in Cochise County, Arizona. All 5 holes were drilled in the Ringo Zone which is located along the southern margin of a 3-kilometer-long trend of near surface carbonate replacement ("CRD") and related supergene enrichment oxide copper-gold-silver-zinc mineralization. Highlights from these 5 holes are shown in Table 1.

Additional highlights include:

Keep reading...Show less

Hudbay Delivers Strong First Quarter 2024 Results

Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) today released its first quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine.

"We delivered another consecutive quarter of strong operational and financial performance with steady free cash flow generation and further debt reduction," said Peter Kukielski, President and Chief Executive Officer. "These results demonstrate the strength of our diversified operating base, with continued contributions from the high-grade Pampacancha deposit in Peru, better-than-planned gold production in Manitoba and benefits starting to be realized from operational stabilization efforts at the Copper Mountain mine in British Columbia. We are well on track to achieve all of our production and cost guidance metrics. Hudbay's resilient operating platform offers leading exposure to copper and unique complementary exposure to gold, which together with our quality pipeline of growth assets, provide significant upside potential for further value creation at higher copper and gold prices."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Culpeo Minerals

Reconnaissance Drilling Delivers Grades up to 2.19% CuEq at Fortuna Project

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to report that reconnaissance drilling has intersected near-surface, high-grade copper mineralisation grading up to 2.19% CuEq at the Vaca Muerta and El Quillay North Prospects within its 80%-owned Fortuna Project (the Project) in Chile.

Keep reading...Show less

Latest Press Releases

Related News

×