Metals Corp Secures Major Funding for Growth

Metals Corp (MTAL) has released an update.

Metals Acquisition Limited has successfully completed a significant funding round, securing approximately A$150 million (US$103 million) through an oversubscribed placement of new securities. This financial boost, supported by both new and existing investors, is set to strengthen the company’s balance sheet and enable early retirement of existing debt, as well as provide the opportunity to pursue further strategic growth initiatives. The placement was conducted at a 13% discount from the recent closing price, indicating strong investor confidence in the company’s prospects.

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