Arizona Sonoran Copper Company raises C$51.75m in public offering for upcoming projects

From Yahoo Finance: 2025-06-23 07:21:00

Arizona Sonoran Copper Company successfully closed a public offering, raising C$51.75m through the issuance of 25,875,000 common shares, including 3.3 million shares from the over-allotment option. The offering, priced at C$2 per share, aims to secure financial stability for upcoming projects. The underwriting agreement was led by Scotia Capital, with a consortium of other firms involved. The net proceeds will be used for various initiatives, sustaining operations until the final investment decision for the Cactus Project in Q4 2026. Approval from the Toronto Stock Exchange is pending. In January, a private placement with Hudbay Minerals was also announced.



Read more at Yahoo Finance: Arizona Sonoran Copper finalises C$51.75m public offering