Mudita reports 8.15% stake in Metals Acquisition

Metals Acquisition Corp. reporting person Mudita Advisors LLP filed a Schedule 13G stating it beneficially owns 2,500,000 Class A ordinary shares, equal to 8.15% of the class.

Rhea-AI Filing Summary

Metals Acquisition Corp. reporting person Mudita Advisors LLP filed a Schedule 13G stating it beneficially owns 2,500,000 Class A ordinary shares, equal to 8.15% of the class. The filing lists four managed funds and apportions holdings across those funds.

The filing discloses shared voting and shared dispositive power over the 2,500,000 shares and is signed by Kevin Mandy, CFO on 05/05/2026.

Insights

Corporate Governance Analyst

Large passive ownership position disclosed; shared control via advisory arrangements.

The Schedule 13G shows 2,500,000 shares (8.15%) held by funds advised by Mudita Advisors LLP. The filing reports shared voting and shared dispositive power, consistent with pooled fund arrangements rather than sole control.

Watch subsequent filings for any change to a Schedule 13D or Form 4, which would indicate active acquisition or changes in intent.

Securities Compliance Counsel

Filing aligns with passive investor disclosure norms under Section 13.

The statement identifies four funds and attributes specific share counts and percent ownership to each, satisfying Schedule 13G disclosure mechanics. It also includes the required statement about funds' rights to dividends and proceeds.

Investors should note the designation as a 13G filing implies a passive intent at the time of filing.

Key Figures

Total beneficial ownership: 2,500,000 shares Percent of class: 8.15% Mudita Original Partnership LP holdings: 1,610,275 shares +3 more

6 metrics

Total beneficial ownership 2,500,000 shares Schedule 13G filing

Percent of class 8.15% Class A ordinary shares

Mudita Original Partnership LP holdings 1,610,275 shares as reported in the filing

Cassini Partners LP - Aristillus holdings 506,450 shares as reported in the filing

Mudita Eudoxus LP holdings 249,850 shares as reported in the filing

238 Plan Associates holdings 133,425 shares as reported in the filing

Key Terms

Schedule 13G, beneficial ownership, shared dispositive power, shared voting power

4 terms

Schedule 13G regulatory

"filed a Schedule 13G stating it beneficially owns"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial ownership regulatory

"Amount beneficially owned: Mudita Advisors LLP on behalf of managed accounts 2,500,000"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared dispositive power regulatory

"Shared Dispositive Power 2,500,000.00"

shared voting power regulatory

"Shared Voting Power 2,500,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Mudita Advisors LLP report in Metals Acquisition Corp. (MTAL)?

Mudita Advisors LLP reports beneficial ownership of 2,500,000 shares, representing 8.15% of Class A ordinary shares. The position is held across four funds advised by Mudita and disclosed on the Schedule 13G filed and signed 05/05/2026.

Which funds hold the reported shares for Mudita Advisors LLP?

The filing lists holdings by four funds: Mudita Original Partnership LP (1,610,275), Mudita Eudoxus LP (249,850), Cassini Partners LP - Aristillus (506,450), and 238 Plan Associates (133,425), totaling 2,500,000 shares.

Does the filing indicate Mudita has sole control over the shares?

No. The Schedule 13G discloses 0 sole voting power and 0 sole dispositive power. It reports shared voting and shared dispositive power over the 2,500,000 shares, consistent with advisor-managed fund arrangements.

What does a Schedule 13G filing signify compared with a Schedule 13D?

A Schedule 13G generally signals a passive beneficial ownership position rather than an intent to influence control. Mudita filed a 13G reporting 8.15% ownership; a later Schedule 13D would indicate active acquisition intent or plans to influence the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 01:05 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Metals Acquisition Corp. II

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G60420109

(CUSIP Number)

04/23/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G60420109

1

Names of Reporting Persons

Mudita Advisors LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,500,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,500,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,500,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.15 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Metals Acquisition Corp. II
(b)	Address of issuer's principal executive offices: C/O MAPLES CORPORATE SERVICES LTD., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN, CAYMAN ISLANDS, KY1-1104.
Item 2.
(a)	Name of person filing: Mudita Advisors LLP on behalf of: Mudita Original Partnership LP Mudita Eudoxus LP Cassini Partners LP - Aristillus 238 Plan Associates
(b)	Address or principal business office or, if none, residence: 8 St James's Square London SW1Y 4JU UK
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP Number(s): G60420109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Mudita Advisors LLP on behalf of managed accounts 2,500,000 Mudita Original Partnership LP (1,610,275) Mudita Eudoxus LP (249,850) Cassini Partners LP - Aristillus (506,450) 238 Plan Associates (133,425)
(b)	Percent of class: Mudita Advisors LLP on behalf of managed accounts 8.15% Mudita Original Partnership LP 5.25% Mudita Eudoxus LP 0.81% Cassini Partners LP - Aristillus 1.65% 238 Plan Associates 0.44%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: Mudita Advisors LLP on behalf of managed accounts 2,500,000 Mudita Original Partnership LP (1,610,275) Mudita Eudoxus LP (249,850) Cassini Partners LP - Aristillus (506,450) 238 Plan Associates (133,425)
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: Mudita Advisors LLP on behalf of managed accounts 2,500,000 Mudita Original Partnership LP (1,610,275) Mudita Eudoxus LP (249,850) Cassini Partners LP - Aristillus (506,450) 238 Plan Associates (133,425)
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities reported herein are held by four investment funds for which Mudita Advisors LLP serves as investment adviser. Each fund has the right to receive or direct the receipt of dividends and proceeds from the sale of the securities held for its account
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Mudita Advisors LLP

Signature:	/s/ Kevin Mandy
Name/Title:	Kevin Mandy, CFO
Date:	05/05/2026