ST. HELIER, Jersey--(BUSINESS WIRE)-- Metals Acquisition Limited (NYSE: MTAL ; ASX:MAC) Highlights Commentary Metals Acquisition Limited (NYSE: MTAL ; ASX:MAC) ( MAC or the Company ) is pleased to advise that the Company has received firm commitments via an oversubscribed placement of 8,333,334 new CHESS Depositary Interests ( New CDIs ) at an issue price of A$18.00 per New CDI to raise A$150,000,012 (approximately US$103 million) 1 (before costs) (the Placement ). The final Placement size was set at approximately A$150 million (US$103 million). 1 The Placement was strongly supported with high levels of institutional participation that included leading global investor groups both in Australia and offshore. Proceeds of the Placement, together with existing cash, will enable MAC to optimise its balance sheet and de-lever following the acquisition of the CSA Copper Mine from Glencore plc in mid-2023, while also providing additional flexibility to pursue strategic inorganic growth opportunities.