Metals Acquisition Limited Announces ~AU$140 million Placement

Metals Acquisition Limited (ASX: MAC) announced the launch of an institutional placement of approximately 7.8 million new Chess Depositary Interests to raise a substantial AU$140.0 million. The New CDIs will be offered at an attractive price of AU$18.00 per New CDI. With the proceeds from this Placement and existing cash reserves, MAC is strategically positioned to optimize its balance sheet and reduce debt following the acquisition of CSA from Glencore plc in mid-2023. This will fortify its financial standing and provide the flexibility to pursue lucrative strategic growth opportunities.

The Placement proceeds will be instrumental in retiring MAC's US$145 million Mezzanine Debt Facility at the earliest feasible date, further strengthening its financial position and empowering it to seize strategic growth prospects.

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