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Copper|Exploration|Drilling
Copper|Exploration|Drilling
copper|exploration|drilling

Metals Acquisition raises $20m for CSA copper mine

17th October 2023

By: Creamer Media Reporter

     

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NYSE-listed Metals Acquisition has announced a $20-million capital raising to fund exploration drilling and mine development at the CSA copper mine, in New South Wales, Australia.

“We are accelerating the implementation of many of the opportunities we have identified during the first three months of ownership of the CSA copper mine.

“With additional capital we expect to bring forward some of the previously unrealised value that exists at CSA,” said MAC CEO Mick McMullen.

Metals Acquisition acquired the mine, which is one of Australia’s longest-operating copper mines with a history stretching back almost 150 years, from Glencore.

Metals Acquisition will sell and issue 1.83-million ordinary shares at $11 each in a private placement funding. Scotiabank and Ashanti Capital are acting as joint placement agents.

Edited by Creamer Media Reporter

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