Vancouver, BC — February 26, 2026 — Leads & Copy —
Lundin Mining Corporation has successfully amended its existing unsecured revolving credit facility, extending the maturity and increasing the total committed amount. The announcement follows a previous statement on February 12, 2026.
The amended terms increase the Credit Facility from US$1.75 billion to US$4.5 billion, extending the maturity to February 26, 2031. Initially, Lundin will have access to US$2.25 billion.
Upon satisfaction of certain conditions, the Credit Facility will expand to US$3.5 billion. Upon sanctioning Stage 1 of the Vicuña Project, it will increase to the full US$4.5 billion. The amended Credit Facility will bear interest on a sliding scale of adjusted term SOFR plus a margin of 1.45% to 2.50%.
The amended Credit Facility includes standard terms and conditions regarding fees, representations, warranties, and financial covenants. The Bank of Nova Scotia acted as Administrative Agent, Joint Bookrunner, and Joint Lead Arranger. ING Capital LLC acted as Syndication Agent, Joint Bookrunner and Joint Lead Arranger. Bank of Montreal acted as Documentation Agent, Joint Bookrunner and Joint Lead Arranger. National Bank of Canada and Canadian Imperial Bank of Commerce acted as Joint Book Runner and Joint Lead Arranger.
The lenders in the credit facility are: The Bank of Nova Scotia, Bank of Montreal, ING Capital LLC, Canadian Imperial Bank of Commerce, National Bank of Canada, The Toronto-Dominion Bank, Banco de Credito e Inversiones S.A., Miami Branch, Bank of America, N.A., Canada Branch, Royal Bank of Canada, Fédération des Caisses Desjardins du Québec, Bank of China Toronto Branch, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Morgan Stanley Bank AG, Citibank N.A., Canadian Branch, Barclays Bank PLC, JPMorgan Chase Bank, N.A., Toronto Branch and MUFG Bank, Ltd., Canada Branch.
A copy of the amended Credit Facility agreement will be made available under the Company’s profile on SEDAR+ (www.sedarplus.ca).
Lundin Mining, headquartered in Vancouver, Canada, operates three mines in Brazil and Chile, producing commodities for modern infrastructure and electrification. The company aims to become a top ten global copper producer, executing a growth strategy that includes advancing the Vicuña District project on the border of Argentina and Chile, where it holds a 50% interest. Lundin Mining’s shares trade on the Toronto Stock Exchange (LUN) and Nasdaq Stockholm (LUMI).
The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act and was submitted for publication on February 26, 2026, at 3:00 Pacific Time.
Source: Lundin Mining Corporation
