Welcome to our dedicated page for Metals Acquisition news (Ticker: $MTAL), a resource for investors and traders seeking the latest updates and insights on Metals Acquisition stock.
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Metals Acquisition Limited (NYSE: MTAL) has announced the successful initial public offering in Australia of CHESS depository interests, with strong demand from new investors and existing institutional shareholders. The company has upsized the proceeds raised by A$25 million, with the final price set at A$17.00 per CDI. The offer is expected to occur on 14 February 2024 with trading on the ASX under the ticker 'MAC' on 20 February 2024. The proceeds will be used for various purposes, including repaying Glencore's deferred consideration facility, increasing working capital, funding exploration programs, and covering administrative costs.
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End-of-Day
-4.99%
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Metals Acquisition Limited (MTAL) is progressing a secondary listing on the Australian Securities Exchange (ASX) and is seeking to raise A$300 million (US$197 million) through an initial public offering (IPO) to seek a dual listing on the ASX. The company plans to use the proceeds for various purposes including repayment of debts, working capital, exploration programs, and administrative costs. The final price for the issue of CDIs under the Offer will be determined through a bookbuild process, with the indicative price range of the Offer set at A$16.00 to A$17.00 (US$10.52 to US$11.18) per CDI. The Broker Firm Offer and Priority Offer are scheduled to open on 5 February 2024 and close on 9 February 2024.
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-0.08%
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Metals Acquisition Limited (NYSE: MTAL) provides an update on the operational performance of the CSA Copper Mine, reporting a decrease in Total Reportable Injury Frequency Rate (TRIFR) to 10.1 per million hours. December quarter production of copper and silver remained flat compared to the prior quarter, with costs increasing by 7% due to additional shipping and offtake charges. The company demonstrated high capital development and a decrease in spend, with cash on hand of US$42 million and outstanding receipts of approximately US$10 million at current prices.
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2.63%
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Metals Acquisition Limited (NYSE: MTAL) announces the appointment of Mr. Morné Engelbrecht as Chief Financial Officer with extensive experience in the professional services and resources industries, including roles in Australia and internationally. Mr. Engelbrecht has a strong track record of turning around and growing businesses, delivering major capital projects, and raising equity and debt.
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2.86%
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Metals Acquisition Limited (NYSE: MTAL) announces the appointment of Mr. Graham van’t Hoff as a Non-Executive Director. Mr. van’t Hoff, nominee director of Bluescape Energy Partners LLC, is a global business executive with a successful track record of scaling business and driving growth through restructurings, technology integration, and project management discipline. He is also on the board of 5E Advanced Materials, Inc. and Verde Clean Fuels, Inc. Patrice Merrin, Chair of the Board of MAC, expressed excitement about Mr. van’t Hoff's diverse experience adding depth to the board and looks forward to his contributions as MAC continues to grow.
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-6.86%
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Metals Acquisition Limited (NYSE: MTAL) provides a market update on the CSA Copper Mine, showcasing improved safety metrics, reduced production costs, and significant cash on hand. CEO Mick McMullen expresses optimism for strong returns in 2024 and beyond.
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1.35%
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Metals Acquisition Limited announces private placement financing of $20 million to accelerate exploration drilling and mine development at the CSA copper mine.
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-1.32%
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Metals Acquisition Limited provides an update on the CSA Copper Mine, reporting a Total Reportable Injury Frequency Rate (TRIFR) of 10 and 10.2 per million hours for July and August, respectively. Production during July and August totaled 7,294 tonnes of copper. Drilling results show encouraging intervals of copper and silver mineralization. Downhole Electromagnetic Survey indicates the continuation of sulphide mineralization. The company believes that remaining at a relatively low injury rate after a change of ownership is a great result. Mill throughput in July was a record. The company sees potential for value creation through exploration. The drilling results have been reviewed by Qualified Persons and found to be accurate.
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-0.84%
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Metals Acquisition Limited appoints Patrice Merrin as Chair of the Board of Directors, replacing Neville Power. Merrin previously chaired the predecessor company and has experience in the mining industry. Power resigns to pursue other opportunities.
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0.85%
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Metals Acquisition Limited (NYSE: MTAL) provides an update on the ongoing resource infill and near mine exploration drill program at the CSA Mine. The results demonstrate the continuity and high-grade nature of the deposits, which will be incorporated into the 2023 Resource and Reserve update.
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Rhea-AI Sentiment
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2.79%
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Metals Acquisition Limited