---
title: "SPAC Metals Acquisition II prices $200 million IPO, targeting metals and mining"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278876904.md"
description: "Metals Acquisition II has priced its $200 million IPO, offering 20 million units at $10 each, targeting the metals and mining sector. Each unit includes one share of common stock and one-third of a warrant. Led by Executive Chair Michael McMullen and CFO Morne Engelbrecht, the SPAC aims to acquire and operate natural resource businesses in stable jurisdictions. The company plans to list on the NYSE under the symbol MTAL.U, with Cohen & Company Securities as the sole bookrunner. This follows the success of their previous SPAC, which merged with CSA Copper Mine."
datetime: "2026-03-12T11:50:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278876904.md)
  - [en](https://longbridge.com/en/news/278876904.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278876904.md)
---

# SPAC Metals Acquisition II prices $200 million IPO, targeting metals and mining

Metals Acquisition II, a blank-check company targeting metals and mining, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.

Metals Acquisition II is led by **Executive Chair Michael McMullen**, who has previously served as CEO of MAC Copper, Detour Gold, and Stillwater Mining. He is joined by **CFO Morne Engelbrecht**, who was previously CFO of MAC Copper, and CEO of Beach Energy (ASX: BPT). The SPAC plans to target metals and mining, including the acquisition, operation, financing, and strategic repositioning of natural resource businesses in high quality, stable jurisdictions.

Management's previous SPAC, Metals Acquisition (MTAL.XX), merged with Australian copper mine CSA Copper Mine in June 2023, and subsequently rebranded as **MAC Copper**. The combined company was acquired by Harmony (NYSE: HMY) in October 2025 for A$1.1 billion.

Metals Acquisition II plans to list on the NYSE under the symbol MTAL.U. Cohen & Company Securities acted as sole bookrunner on the deal.

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