The $125 million capital raise should help the mine shake off the SPAC wrapper and get listed on the New York Stock Exchange amid a strong resource market.

An Australian dual listing to which it applies already hired Barrenjoey and Canaccordwas still the plan in the second quarter, sources said.

For the time being, it was believed that MAC’s brokers were targeting Australian investors whose mandates allowed them to invest in US stocks at the time. Pitches went to global equity funds and Australian investors whose investment…

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