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Announced

Completed

CSA Copper Mine went public via a SPAC merger with Metals Acquisition in a $1.1bn deal.

Financials

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Transaction Value£840m
Consideration TypeOrdinary Shares, Cash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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copper mine

Single Bidder

Acquisition

Private

Friendly

Australia

Copper

Cross Border

Majority

Reverse Takeover

De-SPAC

Merger

Completed

Synopsis

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CSA Copper Mine went public via a SPAC merger with Metals Acquisition, a blank check company focused on green-economy metals and mining businesses, in a $1.1bn deal. We are delighted to have closed on the transaction. I want to thank the large group of investors that supported our recent PIPE totaling $230m, our other funding partners, our advisors who have worked resolutely, as well as Glencore for working steadfastly with us throughout the entirety of our transaction. Today is truly an exciting moment for all of us at Metals Acquisition Limited, the new owner and operator of this historic asset. We look forward to working with the CSA Mine team to make this into a great foundational asset for MAC," Mick McMullen, Metals Acquisition CEO.

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