Filo Provides Update for Euroclear Holders

Announcement of Arrangement: Filo Corp. has published a Short Form Document related to an arrangement with Lundin Mining and BHP Investments Canada Inc., where the Purchaser Parties will acquire all outstanding shares of Filo not already owned by them. The document outlines the election period for shareholders to choose their form of consideration from December 16, 2024, to January 7, 2025.

Delisting and Regulatory Approvals: Following the completion of the arrangement, Filo intends to apply for delisting from the Toronto Stock Exchange and Nasdaq First North Growth Market, pending necessary regulatory approvals. The transaction is expected to close in the first quarter of 2025, subject to customary conditions.