Metals Acquisition Corp
NYSE:MTAL
Metals Acquisition Corp
Metals Acquisition Corp. is a blank check company. The company is headquartered in Fort Worth, Texas. The company went IPO on 2021-07-28. The firm is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The firm intends to focus its search on green-economy-focused metals and mining businesses in jurisdictions that would benefit from access to the United States public markets along with the additional capital. The firm is not engaged in any business operations and has not generated any revenue.
Metals Acquisition Corp. is a blank check company. The company is headquartered in Fort Worth, Texas. The company went IPO on 2021-07-28. The firm is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The firm intends to focus its search on green-economy-focused metals and mining businesses in jurisdictions that would benefit from access to the United States public markets along with the additional capital. The firm is not engaged in any business operations and has not generated any revenue.
Production Surge: Copper production jumped 23% quarter-on-quarter to just under 10,600 tonnes, driven by higher grades and improved operational stability.
Cost Reduction: C1 costs fell significantly, averaging $1.48/lb for the quarter and hitting a record low of $0.94/lb in June.
Strong Cash Flow: Record quarterly operating free cash flow of about $42 million was achieved, supported by higher output and prices.
Balance Sheet Strength: Ended the quarter with $102 million in cash and $196 million in total liquidity, keeping net gearing below 20%.
Growth Projects On Track: Major capital projects, including the ventilation project and Merrin Mine development, are progressing well with both expected to deliver key milestones in Q4.
Harmony Acquisition Update: The planned sale to Harmony for $12.25/share is moving forward, with a shareholder vote scheduled for August 29.
Guidance Maintained: Full-year production guidance of 43,000–48,000 tonnes is unchanged, though management expects results toward the lower end.
