Ashanti Capital is pleased to have acted as Joint Placement Agent in connection with the US$20m placement for Metals Acquisition Limited (NYSE: MTAL).

Placement proceeds will be used to bring forward some of the previously unrealised value identified during the first three months of ownership of the CSA copper mine. The raise was supported by leading global mining funds and Australian & Asian institutional investors. It remains our view that MTAL will become the preferred mid-cap exposure to copper.

Congratulations to Mick McMullen and the Metals Acquisition limited team on the successful placement.