Lundin Mining to Acquire Josemaria for C$1.60 per Share for Cash and Shares for a Total Purchase Price of C$625 Million
· Immediate and attractive premium of 29% to Josemaria’s 10-day VWAP on the TSX for Josemaria shareholders · Option to select cash or Lundin Mining shares, subject to proration, without any financing conditions · Opportunity for continued economic participation in the future potential of the Josemaria project while gaining exposure to Lundin Mining’s diversified portfolio of high-quality operating mines, sector-leading production growth, and free cash flow generation in a robust base metals price environment · Removes dilution and reduces commodity, development, and execution risk