Capstone Copper Announces Offering of US$500 Million Senior Notes Due 2033
March 20, 2025
Capstone Copper Announces Offering of US$500 Million
Senior Notes Due 2033
All amounts in US$ unless otherwise indicated
Vancouver, British Columbia – Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS)
(ASX:CSC) announces that it is launching an offering of $500 million aggregate principal amount of senior
notes due 2033 (the “Notes”). The aggregate principal amount, interest rate and other terms of the Notes will
be determined at pricing and are dependent upon market conditions and other factors.
The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the
Company’s subsidiaries that guarantees its senior secured revolving credit facility . Interest on the Notes will
accrue from the issue date and will be payable semi-annually.
The Company intends to apply the gross proceeds from the sale of the Notes to repay project financing debt
at its Mantoverde S.A. subsidiary, to pay down debt on the Company’s senior secured revolving credit facility,
and for general corporate purposes.
The Notes will be offered and sold in the United States only to persons reasonably believed to be qualified
institutional buyers in accordance with Rule 144A under the United States Securities Act of 1933, as amended
(the “Securities Act”), and to non- U.S. persons outside the United States in compliance with Regulation S
under the Securities Act. The Notes will be offered and sold in Canada on a private placement basis pursuant
to certain prospectus exemptions.
The offer and sale of the Notes will not be registered under the Securities Act and the Notes may not be
offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable state securities laws. This news release shall
not constitute an offer to sell the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
ABOUT CAPSTONE COPPER CORP.
Capstone Copper Corp. is an Americas -focused copper mining company headquartered in Vancouver,
Canada. We own and operate the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-
silver mine located in Zacatecas, Mexico, the Mantos Blancos copper- silver mine located in the Antofagasta
region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition,
we own the fully permitted Santo Domingo copper- iron-gold project, located approximately 30 kilometres
northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the
Americas.
Capstone Copper’s strategy is to unlock transformational copper production growth while executing on cost
and operational improvements through innovation, optimization and safe and responsible production
throughout our portfolio of assets. We focus on prof itability and disciplined capital allocation to surface
stakeholder value. We are committed to creating a positive impact in the lives of our people and local
communities, while delivering compelling returns to investors by responsibly producing copper to meet the
world’s growing needs.
NEWS RELEASE
TSX:CS ● ASX:CSC ● capstonecopper.com
Contact Information
Daniel Sampieri, Vice President, Investor Relations
437-788-1767
Michael Slifirski, Director, Investor Relations, APAC Region
61-412-251-818
Claire Stirling, Manager, Investor Relations
416-831-8908
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain “forward -looking information” within the meaning of Canadian securities
legislation and “forward- looking statements” within the meaning of the United States Private Securities
Litigation Reform Act of 1995 (collectively, “forward-looking statements”).
In certain cases, forward -looking statements can be identified by the use of words such as “anticipates”,
“approximately”, “believes”, “budget”, “estimates”, “expects”, “forecasts”, “guidance”, “intends”, “plans”,
“scheduled”, “target”, or variations of such words and phrases, or statements that certain actions, events or
results “be achieved”, “could”, “may”, “might”, “occur”, “should”, “will be taken” or “would” or the negative of
these terms or comparable terminology . Forward-looking statements include, but are not limited to,
statements with respect to the Company's intention to offer the Notes, subject to market and other conditions,
the intended use of proceeds from the offering and the Company’s business strategy. These forward-looking
statements and information reflect the Company's current views with respect to future events and are
necessarily based upon a number of assumptions that, while considered reasonable, are inherently subject to
significant operational, business, economic, market and regul atory uncertainties and contingencies. These
assumptions include the timing and success of the Notes offering. Furthermore, such forward -looking
statements involve a variety of known and unknown risks, uncertainties and other factors which may cause
the actual plans, intentions, activities, results, performance or achievements of the Company to be materially
different from any future plans, intentions, activities, results, performance or achievements expressed or
implied by such forward -looking statements. Such risks include, without limitation, the risks included in our
continuous disclosure filings on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made
as of the date of this press release and the Company does not intend, and does not assume any obligation,
to update these forward- looking statements, except as required under applicable securities legislation.
Although the Company has attempted to identify important factors that could cause actual actions, events,
conditions, results, performance or achievements to differ materially from those described in forward- looking
statements, there may be other factors t hat cause actions, events, conditions, results, performance or
achievements to differ from those anticipated, estimated or intended. The Company cautions that the
foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could
cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the
forward-looking statements contained herein. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.