Fundz

Ero Copper Completes Us$111 Million Bought Deal Financing

PRIVATENov 14, 2023

Amount Raised

$111 Million

Round Type

Funding Round

ManufacturingMiningPrecious MetalsMineral

Description

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce the closing of its offering, on a bought deal basis, of 9,010,000 common shares, including 500,000 common shares issued pursuant to the partial exercise of the Underwriters’ (as defined below) over-allotment option (the “Common Shares”), at a price of US$12.35 per Common Share (the “Offering Price”) for gross proceeds of approximately US$111 million (the "Offering"). The Offering, announced on November 6, 2023, was conducted by a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner and lead underwriter, and including Canaccord Genuity Corp., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., PI Financial Corp., Raymond James Ltd. and Stifel Canada (the “Underwriters”).

Quick answer

ERO raised $111 Million in a Funding Round round, dated November 14, 2023.

How much did ERO raise?
ERO raised $111 Million in a Funding Round round on November 14, 2023.
What does ERO do?
Ero Copper Corp is a high-growth, low-cost, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian..
Who are the decision-makers at ERO?
Fundz holds 1 contact at ERO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining and Precious Metals around the same time

Companies in the same sectors as ERO that raised within 45 days of this round, from Fundz verified event records.

  • Canada Nickel Company raised an undisclosed amount on December 29, 2023.
  • Power Nickel raised an undisclosed amount (Funding Round) on November 14, 2023.
  • Atacama Copper raised $1.4M on December 20, 2023.
  • NexMetals Mining Corp. raised $818K (Seed) on December 14, 2023.
  • Rise Gold raised $369K (Seed) on December 7, 2023.
  • West Red Lake Gold Mines raised $331K (Seed) on November 28, 2023.

Who to call at ERO, and when

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Company Information

Company

ERO

About

Ero Copper Corp is a high-growth, low-cost, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, MCSA, 100% owner of the MCSA Mining Complex, which is comprised of operations located in the Curaçá Valley, Bahia State, Brazil, wherein the Company currently mines copper ore from the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Boa Esperança development project, an IOCG-type copper project located in Pará, Brazil. The Company also owns 97.6% of the NX Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the MCSA Mining Complex, Boa Esperança and NX Gold properties, can be found on the Company's website (www.erocopper.com), on SEDAR (www.sedar.com), and on EDGAR (www.sec.gov).

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ERO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.