Metals Acquisition II Files for IPO

Dow Jones
Feb 03

By Katherine Hamilton

 

Metals Acquisition II, a special-purpose acquisition company, filed for an initial public offering.

The company plans to offer 20 million units for $10 apiece, with each unit consisting of one Class A share and a third of a warrant. Each whole warrant entitles the holder to buy a share for $11.50.

Metals Acquisition II expects its total proceeds will be $188 million, accounting for $12 million in underwriting discounts and commissions.

The company is sponsored by Michael McMullen, Morné Engelbrecht and Christopher Rosario.

McMullen, who is also chair, has served as chief executive of several mining companies, including Detour Gold and Stillwater Mining.

Engelbrecht is chief financial officer of Metals Acquisition II and was previously chief executive of Beach Energy, an oil and gas company. Rosario has also worked in mining.

Metals Acquisition II plans to list shares on the New York Stock Exchange under the ticker MTAL.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

February 02, 2026 17:38 ET (22:38 GMT)

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