First Quantum Minerals Ltd. Takes Strategic Financial Steps

TORONTO, Aug. 06, 2025 — In a decisive move to optimize its capital structure, First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) has announced a series of strategic financial maneuvers aimed at enhancing shareholder value. The company, a prominent player in the materials sector specializing in copper and gold production, has initiated a cash tender offer to purchase its outstanding 9.375% Senior Secured Second Lien Notes due in 2029. This offer, with a maximum aggregate principal amount of up to $250 million, underscores First Quantum’s commitment to reducing its debt burden and improving its financial flexibility.

In a parallel development, First Quantum has extended the expiration date, guaranteed delivery date, and settlement date of its cash tender offer for the 6.875% Senior Notes due in 2027. This extension reflects the company’s proactive approach to managing its debt portfolio, ensuring that it can navigate market conditions effectively while maintaining operational stability.

These strategic financial decisions come at a time when First Quantum’s stock is trading at $23.34, slightly below its 52-week high of $25.96 but well above the 52-week low of $13.81. With a market capitalization of approximately CAD 19.47 billion and a price-to-earnings ratio of 122.66, the company is demonstrating resilience and strategic foresight in its financial management.

First Quantum’s actions are indicative of a broader trend within the metals and mining industry, where companies are increasingly focusing on debt reduction and capital optimization to bolster their market positions. As the company continues to explore and produce essential materials like copper cathode and gold, these financial strategies are expected to provide a solid foundation for sustained growth and shareholder returns.

For more detailed information on First Quantum Minerals Ltd. and its offerings, stakeholders are encouraged to visit the company’s website at www.first-quantum.com .