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Copper Investing

First Quantum Announces Partial Redemption of 2023 Notes

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("FQM" or the "Company") (TSX:FM) today announced that it has issued a notice of partial redemption for $600 million of its outstanding 7.250% Senior Notes due April, 2023 (Rule 144A: ISIN US335934AK15; CUSIP 335934AK1; Reg S: ISIN USC3535CAF52; CUSIP C3535CAF5) (the "2023 Notes") for December 7, 2021 (the "Redemption Date").

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Copper Investing

First Quantum Minerals to Appoint Tristan Pascall as Next CEO

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the Company's Chief Operating Officer (COO), to the role of Chief Executive Officer (CEO). The appointment will take effect at the Annual General Meeting (AGM) to be held in early May 2022, at which time Philip Pascall, the Company's current Chairman and CEO, will retire from the CEO role and will continue to serve as Chairman of the Board. The Company will nominate Tristan Pascall for election as a director at the AGM.

The appointment of Tristan Pascall represents the culmination of a succession planning process led by independent directors on the Board's Nominating and Governance Committee, comprised of Robert Harding, Andrew Adams and Kathleen Hogenson. The Committee engaged Egon Zehnder, a leading executive recruitment firm, to assist them in the process. The search focused on identifying outstanding leaders with substantial mining experience and included both internal candidates and a worldwide external search. Following a thorough evaluation, the Committee determined that Tristan Pascall was the best candidate and submitted its recommendation to the Board of Directors, which voted unanimously to approve the recommendation. In his current role of Chairman and CEO, Philip Pascall abstained from voting.

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Copper Investing

First Quantum Minerals Reports Third Quarter 2021 Results

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("FQM" or the "Company") (TSX: FM) today reported results for the three and nine months ended September 30, 2021. The Company reported, for the three months ended September 30, 2021 ("Q3"), comparative earnings 1 of $197 million ($0.29 per share 1 ), net earnings attributable to shareholders of the Company 1 of $303 million ($0.44 per share 1 ) and cash flows from operating activities of $703 million ($1.02 per share 1 ).

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