secwatch.observer — SEC 8-K summary
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Issuer:     Metals Acquisition Corp (—)
CIK:        0001853021
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001104659-23-035637
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metals Acquisition Corp enters $75M silver stream, up to $75M copper stream with Osisko for CSA Mine financing
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- Silver Deposit of $75M (potentially +$15M at LBMA silver ≥$25.50/oz) for 100% of CSA Mine payable silver; ongoing 4% of market price.
- Copper Deposit of up to $75M, drawable at MAC's option, for 0%–4.875% of CSA Mine payable copper; ongoing 4% of LME price.
- Osisko commits to buy 1.5M New MAC shares at $10/share ($15M) under Silver Stream Subscription Agreement.
- Copper Stream includes equity subscription of up to 2.5M New MAC shares at $10/share ($25M), pro-rata to deposit drawn.
- Streams and equity are part of up to $1.1B CSA Mine acquisition financing; subject to completion of senior facilities, mezz, and business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853021/000110465923035637/0001104659-23-035637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853021/000110465923035637/tm2310019d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035637

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