First Quantum Minerals Mourns the Loss of Founder and Chairman Philip Pascall

First Quantum Minerals Ltd. (TSX: FM) is deeply saddened by the passing of its founder and Chairman, Philip Pascall, on September 19, 2023. Philip, who co-founded First Quantum in 1996, served as the Chairman and CEO until 2022. Under his leadership, the company grew from a 10,000 tonnes tailings re-processor to one of the world’s largest copper producers, employing over 20,000 people across five continents.

Philip’s entrepreneurial and bold culture shaped First Quantum, and he leaves behind a significant legacy. One of his greatest sources of pride was the company’s commitment to improving the standards of health and education in the communities where it operates, particularly in remote areas.

The Board of Directors has elected Robert Harding, the Lead Independent Director, as the Interim Chairman. Mr. Harding, who has been a Director since 2013, has an intimate understanding of the company’s operations and unique culture. He oversaw the succession planning process that led to the appointment of Tristan Pascall as the Chief Executive Officer in May 2022.

The passing of Philip Pascall is a profound loss for First Quantum, but the company is committed to building on his substantial legacy. Tristan Pascall, the CEO, expressed that Philip was always forward-looking and passionate about the trajectory of the company. He drove First Quantum’s focus on project execution, operational excellence, and social responsibility.

The entire First Quantum community extends its sincerest condolences to the Pascall family and friends. Philip’s vision and leadership have had a lasting impact on the company and the countless lives it has touched. His passing will be deeply felt across the organization.

For further information, please visit the company’s website or contact the Director of Investor Relations, Bonita To.

– First Quantum Minerals Ltd.