VANCOUVER, BC, July 2, 2024 /CNW/ -
Lundin Mining Corp. is pleased to announce the closing of the option to acquire an additional 19% interest in the issued and outstanding equity of SCM Minera Lumina Copper Chile , which owns the Caserones copper-molybdenum mine located in Chile, from JX Advanced Metals Corporation1 , as previously announced on June 26, 2024 . The consideration for the Call Option Exercise was paid for in cash and consisted of a payment of $350 million for an additional 19% interest in Caserones, bringing the Company's ownership to 70%. Upon closing of the call option, Lumina Copper declared a cash dividend of $150 million of which 70% will be distributed to Lundin Mining and 30% to JX. About Lundin Mining Lundin Mining is a diversified Canadian base metals m...