Tanya Jakusconek

Brian MacArthur

Daniel Major

Cosmos Chiu

Martin Pradier

Charles Gibson

Derick Ma

Lawson Winder

Matthew Murphy

Ralph Profiti

Richard Hatch

William Dalby

- Wheaton Precious Metals Corp. has committed financing to Carcetti Capital Corporation for its proposed acquisition of the **Hemlo Mine** from Barrick Mining Corporation.  **[1323404_0001279569-25-000977_ex991.htm:0]** 
- The financing package includes an upfront cash consideration of up to **$400 million** for a gold stream, where Wheaton will purchase **13.5%** of payable gold until **181,000 ounces** are delivered, then **9.0%** until an additional **157,330 ounces**, and then **6.0%** for the life of the mine.  **[1323404_0001279569-25-000977_ex991.htm:1]** **[1323404_0001279569-25-000977_ex991.htm:2]** 
- Wheaton will also participate in Carcetti's equity financing up to the lesser of **$50 million** or **20%** of the total equity financing.  **[1323404_0001279569-25-000977_ex991.htm:1]** 
- This acquisition is projected to increase Wheaton's total estimated Proven and Probable Mineral gold reserves by **0.25 million ounces**, Measured and Indicated Mineral gold resources by **0.08 million ounces**, and Inferred gold resources by **0.04 million ounces**.  **[1323404_0001279569-25-000977_ex991.htm:2]** 
- The transaction is expected to close in the **fourth quarter of 2025**.  **[1323404_0001279569-25-000977_ex991.htm:2]**

Wheaton Precious Metals Commits Financing for Hemlo Mine Acquisition

- Wheaton Precious Metals (WPM) has committed financing to Carcetti Capital Corporation for its proposed acquisition of the Hemlo Mine from Barrick Mining Corporation.  **[1323404_20250910VA70639:0]** 
- The financing package for the acquisition totals **$1.015 billion**, comprising up to **$400 million** from a Wheaton gold stream, approximately **$415 million** in equity financing, and **$200 million** in bank debt.  **[1323404_20250910VA70639:0]**  Wheaton will also participate in the equity financing up to the lesser of **$50 million** or **20%**.  **[1323404_20250910VA70639:0]** 
- The gold stream terms include an upfront cash consideration of up to **$400 million** and a purchase of **13.5%** of payable gold until **181,000 ounces** are delivered, with percentages decreasing thereafter.  **[1323404_20250910VA70639:1]** 
- This transaction is expected to increase Wheaton's total estimated Proven and Probable Mineral gold reserves by **0.25 million ounces**  **[1323404_20250910VA70639:1]**  and is forecast to add an average of approximately **20 Koz** of gold per annum for the first **10 full years** of production.  **[1323404_20250910VA70639:1]**  The transaction is anticipated to close in the **fourth quarter of 2025**.  **[1323404_20250910VA70639:1]**