AcquisitionSeveral key shareholders, who collectively own about 20% of the shares outstanding, have confirmed that they will vote in favor of the acquisition.
Financial PerformanceDuring the quarter, MAC paid off the Mezz facility and upsized its revolving credit facility to US$125m, resulting in a ~30% reduction in debt costs.
Operational EfficiencyMTAL has been focused on improving operations by increasing throughput, reducing dilution, and reducing costs by driving productivity.