Business
Proposed Fundraise to Accelerate Copper Project
Atalaya Mining Copper, S.A. announced a proposed equity fundraise aiming to raise approximately £130 million (or €150 million) through an institutional placing and a retail offer. The proceeds will be used to accelerate the development of its Spanish copper growth projects, including advancing Proyecto Touro and expanding its pipeline in the Riotinto District, with the goal of becoming a 100,000 tonne per annum copper equivalent producer. The company also noted its existing net cash position of €122.0 million as of December 31, 2025, which will be preserved to fund a significant portion of Touro's upfront capital requirements. Disclaimer*
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM (THE \"ANNOUNCEMENT\"), IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, HONG KONG OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n27 January 2026\nAtalaya Mining Copper, S.A.\n(\"Atalaya\" or the \"Company\")\nProposed Fundraise to Accelerate Copper Project Development\nProceeds to advance growth projects to capitalise on copper market strength\n \nAtalaya Mining (LSE: ATYM) is pleased to announce a proposed equity offering to raise gross proceeds of approximately £130 million (equivalent to approximately €150 million) by way of an institutional placing and a separate retail offer (together, the \"Fundraise\").\nProceeds from the Fundraise will allow Atalaya to accelerate the development of its copper growth projects in Spain in order to capitalise on strong copper market fundamentals. The Fundraise will also provide the Company with financial flexibility to optimise the ultimate funding package for Proyecto Touro while concurrently advancing its growth pipeline primarily in the Riotinto District. Together, the Company's growth projects have the potential to transform Atalaya into a 100,000 tonne per annum copper equivalent producer.\nThe Fundraise will be conducted via the issue of new ordinary shares in the Company (\"Ordinary Shares\") and consists of:\n· a non-pre-emptive placing (the \"Placing\") of new Ordinary Shares to institutional investors at the Placing Price (as defined below) (the \"Placing Shares\"); and\n· a non-pre-emptive retail offer through Retail Book Limited (\"RetailBook\") for new Ordinary Shares at the Placing Price (the \"RetailBook Offer Shares\" and, together with the Placing Shares, the \"Offer Shares\") (the \"Retail Offer\").\nAlberto Lavandeira, CEO, commented:\n\"Today we are launching a proposed equity raise principally to accelerate ou...