AcquisitionSeveral key shareholders, who collectively own about 20% of the shares outstanding, have confirmed that they will vote in favor of the acquisition.
Financial PerformanceMAC paid off the Mezz facility and upsized its revolving credit facility to US$125m, resulting in a ~30% reduction in debt costs.
Operational ImprovementsMTAL has been focused on improving operations by increasing throughput, reducing dilution, and reducing costs by driving productivity.