Paul Hastings LLP advised Metals Acquisition Limited (successor by merger to Metals Acquisition Corp, a publicly traded special purpose acquisition company) in its acquisition of the CSA copper mine in New South Wales, Australia from Glencore.  The purchase consideration to Glencore included $775 million in cash and $100 million in ordinary shares of Metals, as well as an additional $75 million deferred payment, a $150 million contingent payment, and 1.5% life of mine Net Smelter Return royalty on copper. 

Metals Acquisition Limited’s ordinary shares and warrants commenced trading on the New York Stock Exchange on June 16, 2023, under the ticker symbols “MTAL” and “MTAL.W”, respectively.

The financing of the acquisition included a PIPE of approximately $230 million from multiple third party investors.

Capital Markets partner Will Burns and M&A partners Robert Leung and Mike Huang led the Paul Hastings team, which also included Of Counsel Gil Savir; and associates Vinnie Buehler, Ashley Jaber, Anna Barbosa, Max Roberts, Amelia Seder, Kelly Go, and Richala Jackson.

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