Lundin Mining Exercises Option to Increase Ownership in Caserones to 70% and Receives Commitments to Increase the Term Loan by $350 Million
VANCOUVER, BC, June 26, 2024 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) is pleased to announce that the Company has provided notice to exercise its option to acquire an additional 19% interest in the issued and outstanding equity of SCM Minera Lumina Copper Chile (“Lumina Copper”), which owns the Caserones copper-molybdenum mine (“Caserones’”) located in Chile, from JX Advanced Metals Corporation[1] (“JX”) for consideration of $350 million (the “Call Option Exercise”). Closing of the additional interest in Lumina Copper is