[Nexa Divests Namibian Exploration Assets as Part of Ongoing Portfolio Optimization Strategy] On May 15, 2025, Luxembourg-based Nexa Resources announced that its subsidiary, Votorantim Metals Namibia (Pty) Ltd., has signed a definitive agreement with Midnab Resources, a subsidiary of Midas Minerals, for the sale of ten Exclusive Prospecting Licenses (EPLs) located in the Otavi and Namibia North projects within the Damara Belt region of Namibia. Over the past decade, exploration at the project site has identified multiple high-grade copper deposits, with associated silver and gold. The project was previously a joint venture between Nexa’s Brazilian subsidiary and Japanese state-owned enterprise JOGMEC, which will retain 49% of the proceeds from the transaction. The transaction is expected to close by December 31, 2025, subject to customary conditions precedent. Nexa stated that this divestment is part of its ongoing portfolio optimization strategy, which focuses on prioritizing high-return assets, enhancing free cash flow, and adhering to its disciplined capital allocation framework. The company also reaffirmed that Namibia remains a strategic region in its copper exploration strategy, with plans to continue expanding its copper footprint in the country.