Acquiring Company
AIC Mines Limited
Acquired Company
Materra Metals
AustraliaAustraliaMiningPrecious MetalsMineralMining TechnologyMiningMineralDescription
AIC Mines has completed its acquisition of a 100% interest in Materra Metals, owner of the Mt Cuthbert Copper Project in northwest Queensland. The consideration totals $120 million, including $20 million in cash and $100 million in AIC Mines shares (125.8 million shares at $0.795 each). The deal adds a 2,400km² tenement package near AIC's Eloise Copper Mine.
Quick answer
AIC Mines Limited is acquiring Materra Metals for $120 million, announced November 14, 2026. AIC Mines Limited is based in Australia.
- How much did AIC Mines Limited pay for Materra Metals?
- The reported deal value is $120 million.
- What does AIC Mines Limited do?
- AIC Mines Limited is an Australian resources company with a focus on copper and gold assets.
- Where are AIC Mines Limited and Materra Metals based?
- AIC Mines Limited is based in Australia. Materra Metals is based in Australia.
Source: Fundz verified event record.
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Who to call at AIC Mines Limited, and when
When AIC Mines Limited changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day AIC Mines Limited raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Materra Metals?
Materra Metals was acquired by AIC Mines Limited, based in Australia. The deal was reported on November 14, 2026. AIC Mines Limited is an Australian resources company with a focus on copper and gold assets. The company aims to expand its resources portfolio through strategic acquisitions and development. AIC Mines Limited is privately held and operates in Mining.
When did AIC Mines Limited acquire Materra Metals?
AIC Mines Limited's acquisition of Materra Metals was reported on November 14, 2026. AIC Mines has completed its acquisition of a 100% interest in Materra Metals, owner of the Mt Cuthbert Copper Project in northwest Queensland. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Materra Metals do?
Materra Metals is the wholly owned holder of the Mt Cuthbert Copper Project in northwest Queensland. The project includes 21 granted mining leases covering about 2,400km². It is privately held, operating in Mining, and is based in Australia.
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