Zak Mir talks to Chris Chadwick, CEO of MetalNRG, in the wake of last week’s announcement that it has signed a binding sale and purchase agreement to acquire the entire issued share capital of Compagnie Minière de Oumejrane from Managem S.A.

The Acquisition will include 100% ownership of the Oumejrane copper mine, which is in production, cash generative and profitable in the Eastern Anti-Atlas of Morocco. OMF Fund IV SPV K LLC, a fund managed by Orion Resource Partners, has entered into a US$25,000,000 convertible loan note with MetalNRG, the proceeds of which will be used by MetalNRG to complete the Acquisition.

Christopher Chadwick, Chief Executive Officer of MetalNRG, commented:

“We are delighted to have reached agreement with Managem to acquire Compagnie Minière d’Oumejrane, with financing support from Orion.  This will be a transformational transaction for the Company, giving us 100% equity ownership of a fully operational, producing and profit generating copper mine.  Beyond the immediate gains, this strategic move opens the door to substantial upside potential and a wider relationship with the Managem Group.  We are working to expedite completion of the Acquisition as soon as possible and look forward to providing further updates in due course.”

https://www.share-talk.com/zak-mir-talks-to-chris-chadwick-chief-executive-officer-of-metalnrg/