Sierra Metals and Alpayana Reach Agreement in Principle for CDN $1.15 All-Cash Supported Take-Over Bid and Extends Offer

Takeover Bid Announcement: Sierra Metals Inc. has reached an agreement with Alpayana Canada for a cash takeover bid of CDN $1.15 per common share, supported unanimously by the Sierra Metals Board of Directors and expected to finalize a support agreement by April 30, 2025.

Company Background: Sierra Metals is a Canadian mining company focused on copper production and has significant exploration opportunities in Peru and Mexico, while Alpayana is a debt-free private mining company with over 38 years of experience in sustainable mining practices.