Metals Acquisition Ltd (ASX: MAC, NYSE: MTAL) made a significant impact with its ASX debut on 20 February 2024, raising A$325 million in a heavily oversubscribed IPO, and achieving a market capitalisation of A$1.18 billion.
Despite a tough market for mining stocks, MAC shares have remained strong, trading at A$18.50, up from its A$17.00 listing price. The company’s core asset is the CSA Copper Mine in New South Wales, the highest-grade copper mine in Australia, which it acquired from Glencore.
Led by CEO Mick McMullen, who has a track record of delivering value through major acquisitions, MAC is well-positioned to capitalise on the global electrification and decarbonisation trends.
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