Metals Acquisition Corp - MTALU STOCK NEWS

Metals Acquisition (NYSE: MTAL; ASX: MAC) announces redemption of Public and Private Placement Warrants, aiming to simplify its capital structure and balance sheet. Warrant holders have options to exercise, surrender for cashless redemption, or take no action. The Warrants include Public and Private Placement Warrants to purchase Ordinary Shares, with a redemption price of $0.10 per Warrant. The Company is entitled to redeem Warrants due to the Reference Value exceeding $10.00 per share and being less than $18.00 per share. The Notice of Redemption has been delivered by Georgeson to registered Warrant holders, specifying the deadline for exercise and surrender of Warrants. The Company has decided to redeem the Warrants to remove dilution uncertainty, simplify financial statements, increase liquidity on NYSE and ASX, provide additional free float for inclusion in indices, and simplify the capital structure.

Metals Acquisition (NYSE: MTAL; ASX: MAC) reported a strong quarter with progress on ASX listing, mine life extension, and solid production despite a power outage. Key highlights include a 67% increase in mine life, 64% increase in contained copper, and 42% increase in copper reserves. The company raised US$214 million in an ASX IPO, repaid US$127 million in liabilities, and had ~US$100 million in liquidity. However, production was down 11% due to power outage and lower grades, leading to an increase in C1 cash costs. Exploration drilling is ongoing, and the company announced a three-year copper production guidance. The CEO highlighted plans for future growth and welcomed a new CFO.

Metals Acquisition (NYSE: MTAL; ASX: MAC) announces the release of its first quarter 2024 results on April 29, 2024, followed by a conference call to discuss the results. The conference call will take place on April 29, 2024, at 7:00 pm (New York time) / April 30, 2024, at 9:00 am (Sydney time). Participants can access the webcast and dial into the live call using the provided details.

Metals Acquisition (MTAL) announces updated Resource and Reserve Statement and Production Guidance for the CSA Copper Mine in NSW. The company reports a 67% increase in mine life to 11 years, a 64% increase in contained copper, and a 42% increase in Mineral Resources, with plans for further optimization and growth. The three-year production guidance forecasts increasing copper production, highlighting the potential for longer mine life and operational improvements.

Metals Acquisition (NYSE: MTAL; ASX: MAC) announces the release of its updated Resource and Reserve Statement as of August 31, 2023, along with a 3 Year Production Guidance for the CSA Copper Mine in NSW. The company will host a conference call on April 22, 2024, to discuss these updates.

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.

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.

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.

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.