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TORONTO--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) acknowledges the press release and notice of variation and extension dated May 1, 2025 (the "Notice of Variation"), filed by Alpayana S.A.C. (“Alpayana”), announcing an increase to the offer price for its proposed take-over bid to acquire all of the common shares of the Company ("Common Shares") from C$1.11 to C$1.15 per Common Share. The Company's board of directors (the “Board”.
