Press Releases

Alpayana has requested that Sierra call the Meeting by June 3, 2025, and that such Meeting be held no later than July 29,2025.

An additional 15,450,178 common shares of Sierra Metals Inc. were validly tendered (and not withdrawn) under its all-cash offer.

An additional 34,413,923 common shares of Sierra Metals Inc. were validly tendered (and not withdrawn). Alpayana will own an aggregate of 187,318,324 Sierra Shares, representing 86.67% of the issued and outstanding Sierra Shares.

Alpayana has satisfied the statutory minimum tender condition and will immediately take-up and acquire 70.74% of the issued and outstanding shares of Sierra.

In preparation for the anticipated take-up and payment for any common shares of Sierra tendered to the Offer prior to the Initial Expiry Time, Alpayana has initiated a wire transfer to commence funding Shorecrest Group, the Depositary and Information Agent for the Offer, with the consideration to be paid to tendering Sierra shareholders.

Alpayana intends to waive all remaining conditions of the Revised Offer and to take-up and pay for all Sierra Shares deposited and not withdrawn under the Revised Offer of C$1.15 per Share.

Alpayana annonce une augmentation du prix de son offre à 1,15 $ CA par action de Sierra et n’a pas
l’intention de signer une convention de soutien.

Alpayana Announces a Price Increase to C$1.15 per Sierra Share and has no plans to sign a Support
Agreement.

Alpayana Canada has increased the Offer to acquire all of the Sierra Metals common shares to C$1.15 per Share. Alpayana Canada has extended the expiry time in respect of the existing take-over bid until 5:00 p.m. (Toronto time) on May 12, 2025, in order to provide the shareholders of Sierra Metals with sufficient time to tender their shares.

Sierra Metals et Alpayana concluent une entente de principe
visant une offre publique d’achat soutenue entièrement au
comptant de 1,15 $ CA et prolongent l’offre

Alpayana S.A.C. announces that if it is unsuccessful in its previously
announced Improved Offer it is prepared to let the Improved Offer expire.

Alpayana augmente son prix de 0,85 $ CA par action de Sierra à 1,11 $ CA par action de Sierra malgré le
redressement effectué par Sierra, la faiblesse de son bilan, ses coûts de productions élevés et son manque
d’options stratégiques.

Alpayana Provides Update on its Offer and Increases Offer Price to C$1.11 per Sierra Share.

Commencement of All-Cash Offer to Acquire Sierra Metals Inc.

Alpayana lance une offre publique d’achat entièrement au comptant en vue d’acquérir Sierra Metals Inc.

Alpayana Announces Intention to Make a All-Cash Take-over Bid to Acquire Outstanding Common Shares of Sierra Metals at C$0.85 Per Common Share

​