ACG Metals Limited (-ACG), the copper-focused mining company listed on the London Stock Exchange, has announced that its wholly owned subsidiary ACG Holdco 1 PLC has mandated Clarksons Securities as Global Coordinator and Bookrunner and Stifel Nicolaus Europe Limited as Co-Manager to arrange a series of fixed income investor meetings commencing 11 November 2026. The meetings may lead to a senior secured bond issue, subject to market conditions. Proceeds are intended to refinance an existing USD 200 million senior secured bond, fund capital expenditure, and finance the acquisition of the Keşkek Licence.

Key Points

  • ACG Metals Limited (-ACG), listed on the London Stock Exchange with ticker LON: ACG and also traded on OTCQX as ACGAF
  • ACG Holdco 1 PLC has mandated Clarksons Securities and Stifel Nicolaus Europe Limited to arrange investor meetings ahead of a potential senior secured bond issue
  • Net proceeds intended to repay in full the existing USD 200 million senior secured bond at the applicable call premium, fund capital expenditure, cover the Keşkek Licence acquisition cost, and support general corporate purposes
  • Investors should watch for further announcements confirming whether the bond issue proceeds and on what terms

ACG Holdco 1 PLC Appoints Clarksons and Stifel to Lead USD Bond Investor Meetings

ACG Metals Limited confirmed on 11 November 2026 that its wholly owned subsidiary ACG Holdco 1 PLC has formally mandated Clarksons Securities as Global Coordinator and Bookrunner, with Stifel Nicolaus Europe Limited acting as Co-Manager. The two institutions will arrange a series of fixed income investor meetings beginning on the same date. The company stated that a senior secured bond issue may follow, though it emphasised this remains conditional upon, among other things, prevailing market conditions. The announcement was classified as inside information under the UK Market Abuse Regulation.

USD 200 Million Bond Repayment and Keşkek Licence Acquisition Among Planned Uses of Proceeds

ACG Metals disclosed that the net proceeds from any bond issued would serve four specific purposes: the full repayment of ACG Holdco 1 PLC's existing USD 200 million senior secured bond at the applicable call premium; financing capital expenditure at its operations; funding the acquisition cost of the Keşkek Licence; and supporting general corporate purposes. The announcement did not disclose the target size of the new bond, the anticipated interest rate, or the timeline for completing the transaction beyond noting that investor meetings commenced on 11 November 2026.

Gediktepe Mine Ramp-Up and Norwegian Nussir Acquisition Underpin ACG's Copper Growth Strategy

ACG Metals describes itself as building a high-margin, copper-focused producer through sustainable operations. The company acquired the Gediktepe Mine in September 2024 and produced its first copper concentrate on 31 August 2026, with the operation now ramping towards commercial production. In November 2026, ACG additionally agreed to acquire 100% of Blue Moon Norway AS, which holds a 94.52% interest in the construction-stage Nussir copper mine in Norway, alongside other Norwegian development assets, further expanding its copper-focused pipeline across multiple jurisdictions.

Further Announcements Expected as Bond Process Advances

ACG Metals stated that further announcements will be made as and when appropriate, leaving the precise outcome of the bond financing process open. Investors may be watching for confirmation of the final bond terms, including size, coupon, and maturity. The company's Chief Executive Officer, Artem Volynets, is identified in the announcement as the person responsible for its release. Berenberg, Canaccord, Stifel, and Cantor Fitzgerald are listed as joint brokers and research advisers to the company across its various listed instruments.