THOMPSON CREEK ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES
Denver, CO - May
9, 2011 - Thompson Creek Metals Company Inc. (�Company� or �Thompson
Creek�) (NYSE: TC; TSX: TCM, TCM,WT; TSX-V: TRX,WT), a
growing, diversified North American mining company, today announced its
intention to offer, subject to market and other conditions, $300,000,000
of Senior Unsecured Notes due 2018. The notes will be fully and
unconditionally guaranteed by the following wholly-owned subsidiaries of
Thompson Creek: Thompson Creek Metals Company USA, Thompson Creek Mining
Co., Thompson Creek Mining Ltd., Langeloth
Metallurgical Company LLC, Terrane Metals
Corp., Berg General Partner Corp., Berg Metals Limited Partnership,
Cyprus Thompson Creek Mining Company, Long Creek Mining Company, Blue
Pearl Mining Inc., Thompson Creek Services ULC and Mt. Emmons Moly Company. The Company intends to use
the proceeds from the notes offering to fund development of its Mt.
Milligan copper-gold mine and for general working capital.
The notes
will be offered and sold to qualified institutional buyers in the United
States pursuant to Rule 144A and outside the United States pursuant to
Regulation S under the Securities Act of 1933, as amended (the
�Securities Act�).
The notes
have not been registered under the Securities Act or any state securities
laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state laws.
This press
release shall not constitute an offer to sell or a solicitation of an
offer to purchase the notes or any other securities, and shall not
constitute an offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful. This
press release is being issued pursuant to and in accordance with Rule
135c under the Securities Act.
About
Thompson Creek Metals Company Inc.
Thompson
Creek Metals Company Inc. is a growing, diversified North American mining
company. The Company produces molybdenum at its 100%-owned
Thompson Creek Mine in Idaho and Langeloth
Metallurgical Facility in Pennsylvania and its 75%-owned Endako Mine in northern British Columbia. The
Company is also in the process of constructing the Mt. Milligan
copper-gold mine in northern British Columbia, which is expected to
commence production in 2013. The Company�s development projects
include the Davidson molybdenum property and the Berg
copper-molybdenum-silver property, both located in central British
Columbia. Thompson Creek has approximately 967 employees. Its
principal executive office is in Denver, Colorado and its Canadian
administrative office is in Vancouver, British Columbia. More
information is available
at www.thompsoncreekmetals.com.
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Cautionary Note Regarding Forward-Looking Statements
This news release contains
��forward-looking information�� within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Forward-looking statements
include statements with respect to: future financial or operating
performance of Thompson Creek or its subsidiaries and its projects;
future inventory, production, cash costs, capital expenditures and
exploration expenditures; funding sources for the Endako
Mine expansion and Mt. Milligan development costs; 2011 operating
goals; and 2011 molybdenum prices.
Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which
may cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, risks related to
general business, economic, competitive, political and social
uncertainties including global economic conditions; volatility in
molybdenum prices; labor cost and materials cost fluctuations; foreign
currency fluctuations; energy price fluctuations; project delays; title
disputes or claims; limitations of insurance coverage; changes in
governmental regulation of mining operations; risks related to the
volatility of Thompson Creek�s share price; changes in environmental
regulation; the actual results of current exploration activities;
actual results of reclamation activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be refined;
possible variations of ore grade or recovery rates; and failure of
plant, equipment or processes to operate as anticipated.
Additional factors that could cause Thompson Creek�s results to differ
from those described in the forward-looking information can be found in
the section entitled ��Risk Factors�� in Thompson Creek�s Annual Report
on Form 10-K and subsequent documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com. Forward-looking
statements contained herein are made as of the date of this news
release and Thompson Creek disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by law.
There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.
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