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MAC Copper Ltd - MTAL STOCK NEWS

Welcome to our dedicated page for MAC Copper news (Ticker: MTAL), a resource for investors and traders seeking the latest updates and insights on MAC Copper stock.

MAC Copper Ltd (MTAL) delivers essential updates on strategic acquisitions, operational milestones, and industry leadership in metals critical to global electrification and decarbonization efforts. This dedicated news hub provides investors and stakeholders with timely access to press releases, financial announcements, and operational developments.

Track MTAL's progress in securing high-quality mining assets within stable jurisdictions through verified earnings reports, partnership announcements, and resource management updates. Our curated collection ensures transparent access to information impacting the company's role in sustainable energy supply chains.

Discover updates spanning exploration activities, regulatory compliance achievements, and technological advancements in copper extraction. This resource serves as your primary reference for understanding MTAL maintains operational excellence while addressing growing demand for infrastructure-critical metals.

Bookmark this page for direct access to MTAL's latest corporate communications. Regularly updated content supports informed analysis of the company's market position and strategic direction within the evolving metals and mining sector.

News

Metals Acquisition Limited Announces Non-Executive Director Resignation

Rhea-AI Summary
Metals Acquisition (MTAL) announces the resignation of Non-Executive Director, Mr. Rhett Bennett, to enhance board diversity. The company is seeking new directors to align with diversification goals. Chair Patrice Merrin appreciates Bennett's contributions and wishes him well.
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Metals Acquisition Limited Provides Notice of 2023 Annual Report and Conference Call Details

Rhea-AI Summary
Metals Acquisition (MTAL) releases its 2023 Annual Report, complying with regulatory obligations in the US, Jersey, and Australia. Financial statements will be filed with the SEC and Jersey Financial Services Commission. The company will host a conference call on April 3, 2024, to discuss the results.
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Metals Acquisition Limited Reports Drill Results Including 19.2m @ 10.4% Cu, 16.0m @ 10.4% Cu and 3m @ 13.9% Cu

Rhea-AI Summary
Metals Acquisition (NYSE: MTAL) provides a market update on the exploration and resource development at the CSA Copper Mine. The 2023 Resource and Reserve estimate is set for release in Q2 2024. Results from various sections of the mine show promising copper grades. CEO Mick McMullen highlights the success of ongoing exploration and plans for mine expansion.
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Power Restored After Interruption at CSA Copper Mine

Rhea-AI Summary
Metals Acquisition Limited (MTAL) faces production delays due to a storm impacting power supply at the CSA Copper Mine. Approximately 400 to 500 tonnes of copper production will be deferred from the March quarter to the June quarter.
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Metals Acquisition Ltd Dual Lists on ASX Following Upsized A$325 million IPO

Rhea-AI Summary
Metals Acquisition Limited (NYSE: MTAL; ASX: MAC) successfully completed its IPO, raising A$325 million and listing on the ASX and NYSE. The company aims to become a leading mid-tier metals producer for decarbonization, with a focus on stable assets. Led by CEO Mick McMullen, MAC plans to use the proceeds for the CSA Copper Mine, growth opportunities, and working capital.
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Metals Acquisition Limited Initial Offering in Connection with ASX Listing Oversubscribed and Upsized to ~A$325million

Rhea-AI Summary
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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Metals Acquisition Limited Progresses Australian Securities Exchange Dual Listing with Lodgement of Prospectus

Rhea-AI Summary
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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Metals Acquisition Limited Provides Operational Update

Rhea-AI Summary
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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Metals Acquisition Limited Announces Appointment of Morné Engelbrecht as Chief Financial Officer

Rhea-AI Summary
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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Metals Acquisition Limited Announces Appointment of Graham van’t Hoff to the Board of Directors

Rhea-AI Summary
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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MAC Copper Ltd

NYSE:MTAL

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MTAL Stock Data

722.37M
70.46M
24.91%
40.71%
2.19%
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