Deals and financing (4)

1. 2026-01-14 · Joint venture · signed

   JCC Venture Exploration Management (Jiangxi Copper) → FQM Kazakhstan Limited (First Quantum Minerals) · Lakeside Minerals: 14 licences north of Lake Balkhash

   Jiangxi Copper's exploration arm signed an investment option agreement with First Quantum's Kazakhstan unit to co-invest in exploration, covering its stake in Lakeside Minerals, which it agreed in December 2025 to buy 14.9% of for USD 6.5 million.

   official release

2. 2025-08-05 · Stream · completed · US$1,000 m

   Royal Gold (RGLD Gold AG) → First Quantum Minerals (Kansanshi Mining) · Kansanshi copper-gold mine

   Royal Gold paid USD 1 billion upfront for a gold stream referenced to copper output from First Quantum's Kansanshi mine in Zambia, receiving 75 oz of gold per million lb of copper initially at 20% of spot.

   official release

3. 2025-04-15 · Equity investment · signed · AUD 15.2

   First Quantum Minerals → Prospect Resources · Mumbezhi copper project

   First Quantum agreed a AUD 15.2 million placement for 15% of Prospect Resources and to act as technical partner on the Mumbezhi copper project in Zambia's Northwestern Copperbelt.

   official release

4. 2024-07-23 · Strategic partnership · signed

   Jiangxi Copper Company → First Quantum Minerals Ltd. · First Quantum shareholding (Kansanshi, Sentinel, Cobre Panamá)

   Jiangxi Copper and First Quantum signed a shareholder rights agreement giving Jiangxi Copper a board nomination right in exchange for a standstill, sale restrictions and voting support, valid until July 2027 or until its stake falls below 10%.

   official release