MetalNRG Advances Acquisition of Moroccan Copper Mine

MetalNRG Plc (GB:MNRG) has released an update.

MetalNRG PLC is moving forward with its acquisition of Compagnie Minière de l’Oumejrane, having submitted a draft prospectus to the UK Financial Conduct Authority and calling a general meeting for shareholder approval. The acquisition includes the profitable Oumejrane copper mine in Morocco, which reported $28 million in revenue for 2023. With financial backing from Orion Resources Partners, MetalNRG aims to expedite the deal’s completion.

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