OR MOLYMET:
Saint Bernard, 3 January 2023
Registration Registry of Securities N*0191
Mrs.
Solange Berstein J.
President
Financial Market Commission
PRESENT
ESSENTIAL FACT Molibdenos y Metales S.A.
Dear Sir or Madam:
In accordance with the provisions of article N*9 and second paragraph of article N*10 of the Law on
Securities Market, in the General Standard N*30 of the Commission, and duly empowered
to this effect, I would like to inform you as an Essential Fact of the following:
As you are aware, on December 15, 2021, it was reported as a Fact.
Essential that the Board of Directors of the Company, in Ordinary Session N? 992, held on 14
November 2021, agreed to attend a capital increase of its subsidiary MolymetNos S.A. by the
sum of up to US$180 million, subject to obtaining the relevant authorizations by
the Financial Superintendence of Colombia (“SFC”), the country in which the company had issued bonds
(“Colombia Bonds”), whose final repayment term was pending at that date.
The final redemption of the Colombia Bonds occurred in August 2022, by virtue of which the SFC
subsequently proceeded to cancel the registration of Molibdenos y Metales S.A. in the
National Registry of Securities and Issuers (the “RNVE”) of the SFC, through Resolution Number
1796 dated December 12, 2022 of the aforementioned SFC.
Having cancelled the registration of Molymet in the RNVE of the SFC, and being therefore
Once the condition established to subscribe the capital increase has been fulfilled, as of today, January 3
of 2023, the Extraordinary Shareholders’ Meeting of MolymetNos S.A. agreed among others
statutory amendments, increase the capital of said subsidiary company in the amount of US$180
million, to be subscribed and paid, by its shareholders, within a period of 3 years from this date.
Molibdenos y Metales S.A., fully subscribed to the capital increase, in the amount of US$180
million indicated above, sum that will pay and pay through the contribution of assets, furniture and
real estate, engaged in the industrial operation of molybdenum, rhenium and related activities and
complementary, located in the area of Nos, commune of San Bernardo, province of Maipo, Region
Metropolitan (the “MMTNos Industrial Assets”), plus other cash contributions, within
of a maximum period of three years from the date of the Shareholders’ Meeting. Asset valuation
contributions will be made according to their tax value, as indicated in article 64 of the Code
Tax, as it is a process of intragroup modification of the business structure.
Given that the company MolymetNos S.A. is directly owned by Molymet in 99%, the
contribution to the aforementioned subsidiary, both of the MMTNos Industrial Assets, and of other assets, not
It will have effects on the consolidated income statement.
Sincerely yours,
MIGUEL DUNAY OSSES
ICEPRESIDENT
CORPORATE AND LEGAL MATTERS
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=18efdca62698893c4b44f4fc3a3b346aVFdwQmVVMTZRWGhOUkVGM1RWUmplazVSUFQwPQ==&secuencia=-1&t=1682376108
