Mr. Andres Gutierrez Leiva reports

STRACON GROUP HOLDING INC. ANNOUNCES CLOSING OF US$376 MILLION NON-RECOURSE PROJECT FINANCING FOR PEREZ CALDERA INFRASTRUCTURE PROJECT

Stracon Group Holding Inc. has closed up to $376-million (U.S.) in non-recourse project financing for the Perez caldera infrastructure project in Chile. The financing was arranged by Natixis, Sumitomo Mitsui Banking Corp. and Banco de Credito e Inversiones, and will finance the development, construction, ownership, operation and maintenance of dedicated tailings infrastructure at Anglo American's Los Bronces copper operation in Chile.

The financing comprises up to $345-million (U.S.) in term loans and up to $31-million (U.S.) in debt service reserve letters of credit. The term loans bear interest at compounded daily secured overnight financing rate plus a margin of 3.00 per cent per annum, with scheduled quarterly amortization commencing Oct. 15, 2027, and final maturity on Oct. 15, 2030. The financing is structured on a non-recourse basis to Stracon, with debt service supported by contracted, inflation-linked project cash flows under the Perez caldera build-own-operate-maintain contract.

Natixis and SMBC are acting as joint lead arrangers, joint bookrunners and joint global co-ordinators. BCI is acting as senior mandated lead arranger. SMBC is serving as administrative agent.

The project's capital structure reflects a maximum debt to equity ratio of 82.75 to 17.25, consistent with the company's stated approach to infrastructure segment projects in which approximately 75 to 85 per cent of project costs are financed through non-recourse project debt and Stracon contributes the balance as sponsor equity.

Andres Gutierrez Leiva, chief financial officer, commented: "The closing of this financing is a defining milestone for Stracon. It validates our infrastructure segment strategy, and confirms our ability to structure, finance and deliver large-scale mining infrastructure under long-duration contractual frameworks. The quality of the lending group and the terms of the financing reflect the strength of the underlying contract and the calibre of our counterparty."

About the Perez caldera project

The Perez caldera project anchors Stracon's infrastructure segment. Awarded by Anglo American in December, 2025, the project involves an integrated engineering, construction, financing, and long-term operations and maintenance arrangement for dedicated infrastructure assets required to condition, remove and transport tailings material from the Perez caldera tailings dam at the Los Bronces operation in Chile.

The project represents a long-duration infrastructure contract with a high-quality global mining counterparty, resulting in increased consolidated backlog and supporting recurring revenue and cash flow visibility over the contract term. The project will be executed in accordance with Stracon's established standards for health and safety, environmental management, and operational excellence.

Perez caldera represents the culmination of a deliberate strategy initiated with the 2022 launch of the engineering and technology segment, which was undertaken with an explicit view toward enabling Stracon's entry into long-duration, structured infrastructure delivery. The infrastructure segment is expected to represent approximately 50 per cent of consolidated earnings before interest, taxes, depreciation and amortization within the next 18 to 24 months, supporting improved earnings visibility and cash flow durability.

About Stracon Group Holding Inc.

Stracon is an integrated, engineering-led and technology-enabled mining infrastructure and service group operating across the Americas. Headquartered in Toronto, Canada, Stracon provides end-to-end solutions across the mining life cycle, including engineering and technology solutions, industrial services, equipment and support services, and infrastructure development and ownership. The company partners with leading global mining operators to design, build, operate and maintain critical infrastructure that supports safe, efficient and sustainable mining operations.

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