Metals Acquisition raises $20M for its CSA copper mine in Australia

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Metals Acquisition raises $20M for its CSA copper mine in Australia
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Metals Acquisition announced on Tuesday that it has entered into subscription agreements with certain existing and new accredited investors to raise approximately $20 million through a private placement financing.

According to the company, the CSA mine at Cobar in New South Wales is one of Australia’s highest grade copper mines. At 1.9 kilometres deep, it is one of Australia’s deepest underground mines. CEO Mick McMullen commented, “We are accelerating the implementation of many of the opportunities we have identified during the first three months of ownership of the CSA copper mine. With additional capital we expect to bring forward some of the previously unrealized value that exists at CSA.

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