First Quantum prices notes of $1B (U.S.) offering

Ms. Bonita To reports FIRST QUANTUM MINERALS ANNOUNCES PRICING AND UPSIZING OF SENIOR NOTES OFFERING First Quantum Minerals Ltd. has completed the pricing of its offering of $1.0-billion aggregate principal amount of 7.250 per cent senior notes due 2034. The original offering amount of the notes of $750-million has been increased to $1.0-billion. The issue price of the notes is 100.000 per cent (in U.S. dollars, except where noted otherwise). Interest on the notes will accrue from the issue date at a rate of 7.250 per cent per annum and will be payable semi-annually. Settlement is expected to take place on or about Aug. 20, 2025, subject to customary conditions precedent for similar transactions. The notes will be senior unsecured obligations of the company and will be guaranteed by certain of the company's subsidiaries. The company intends to apply the gross proceeds from the sale of the notes, together with cash on balance sheet, to finance the tender offer for its existing 6.875 per cent senior notes due 2027, to refinance a portion of its existing 9.375 per cent senior secured second-lien notes due 2029, and to pay related fees, costs and expenses. We seek Safe Harbor.