Upon closing, MAC became publicly listed on the New York Stock Exchange

Davis Polk advised the placement agent in connection with the $230 million PIPE and $875 million de-SPAC transaction involving Metals Acquisition Corp. (MAC), Glencore Operations Australia Pty Limited and Cobar Management Pty Ltd (CMPL), in which case MAC acquired Glencore’s 100% interest in the CSA copper mine in New South Wales, Australia. Upon closing, MAC became a publicly listed company, and its ordinary shares and warrants became listed on the New York Stock Exchange under the symbols “MTAL” and “MTAL.W,” respectively.

MAC is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy.

The Davis Polk corporate team included partner Derek Dostal and associates Caroline G. Armstrong and Dana Sorbi. Counsel Michael Comstock provided environmental advice. Partner Kara L. Mungovan provided tax advice. All members of the Davis Polk team are based in the New York office.