Base Metals

First Quantum Provides Notice of Conference Call on Status of Cobre Panamá

First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM) today announced that it will host a conference call and webcast on Tuesday, January 10, 2023, at 8:30 a.m. (EST) to discuss developments in Panamá regarding the status of the Cobre Panamá mine operated by its subsidiary Minera Panamá, S.A.

Conference call and webcast details:
Toll-free North America: 1-800-319-4610
Toll-free International: +1-604-638-5340
Webcast: www.first-quantum.com

A replay of the webcast and transcript of the conference call will be available on the First Quantum website.

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


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First Quantum Minerals Provides Update on Status of Cobre Panamá and the Punta Rincón Port

First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM) announces that on January 26, 2023, Minera Panamá, S.A. ("MPSA") received Resolution No. 007-2023 (the "Resolution"). The Resolution was issued by the Panamá Maritime Authority ("AMP") and requires the suspension of concentrate loading operations at the Cobre Panamá port, Punta Rincón, until evidence is provided that the process of certification of the calibration of the scales by an accredited company has been initiated.

MPSA submitted the required proof of the initiation of the certification process by an accredited company on February 3, 2023. This Resolution deviates from the prior process of internationally accepted certifications that MPSA has previously provided to AMP, which have been accepted until now. As a result, MPSA has suspended loading operations while it awaits a response from the AMP.

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Cyprium Metals

Building an Australian Copper Company

Investor Presentation February 2023

Cyprium Metals Limited (‘CYM’) is pleased to present its investor presentation.


Click here for the full ASX Release

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Cyprium Metals

Cyprium Metals Limited (ASX: CYM) – Reinstatement to Quotation

Description

The suspension of trading in the securities of Cyprium Metals Limited (‘CYM’) will be lifted immediately following the release by CYM of an announcement regarding a capital raise.

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Cyprium Metals Ltd A$35M Placement to Support Nifty Project Restart and Investor Presentation

Perth, Australia (ABN Newswire) - Cyprium Metals Limited (ASX:CYM) is pleased to announce that it has received firm commitments for A$35.0 million through a two-tranche placement (the Placement) of 318,636,364 fully paid ordinary shares (Shares) to sophisticated and institutional investors at $0.11 per Share. Each participant in the Placement will receive 1 free attaching option for every 1 Share to be issued under the Placement (Options).

The Placement was strongly supported by numerous sophisticated and professional investors, including numerous new and existing high quality domestic and offshore institutions.

The Options will be exercisable at $0.15 each on or before a date that is 2 years after the date of Cyprium shareholder approval. Cyprium will seek quotation for the Options, which will be subject to meeting certain listing requirements.

HIGHLIGHTS

- Firm commitments received for a Placement of 318.6 million shares at $0.11 per share to raise A$35 million (before costs)

- Placement participants to receive 1 attaching option for each Share, with a 2-year term and an exercise price of $0.15 per option

- Placement bookbuild received significant demand from numerous new and existing high quality domestic and offshore institutions

- Investor support for the Placement provides a strong endorsement of Cyprium's strategy and will be used as part of a total funding package for the Nifty Copper Project Restart

Managing Director Barry Cahill commented:

"We would like to thank the existing and incoming Cyprium shareholders for their support in this well supported capital raise. The commitments received for this Placement form part of the finance package for the restart of the Nifty Copper Project.

The completion of the capital raising, which is conditional with the finalisation of the senior debt financing will allow Cyprium to commence our construction plans and the production of copper metal plate on site in the first half of 2024.

The restart project economics remain very robust and are further enhanced based on current copper prices of AUD13,000 per tonne which is above those applied in the Nifty Copper Project Restart Study."

Use of Funds

From the Placement proceeds, A$20 million will be applied as part of the Company's funding strategy to finance the restart of the Nifty Copper Project which will aim to provide a sustainable, secure, and stable supply of copper metal at 25,000tpa.

The net proceeds from the bond issue together with the Offtake Prepayment Facility (refer to CYM ASX announcement dated 22 December 2022, "USD35M Secured Offtake Prepayment Facility for Nifty Copper Project Restart") comprises the targeted AUD240 million to AUD260 million debt funding package to finance the restart of the Nifty Copper Project.

The remaining funds raised from the Placement will be used to fund exploration activities, resource drilling, the costs of the capital raise, financing costs and for general working capital purposes.

*To view the Investor Presentation, please visit:
https://abnnewswire.net/lnk/767AQI25



About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.



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Cyprium Metals Ltd

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Cyprium Metals

Cyprium Metals Limited (ASX: CYM) – Suspension from Quotation

Description

The securities of Cyprium Metals Limited (‘CYM’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding a capital raising.

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Cyprium Metals

Investor Webinar - Updated

Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to invite investors and shareholders to the Cyprium Metals Investor Webinar to be held on Monday 6 February 2023 at 12.30 pm AEST / 09.30 am AWST.

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