International law firm Simmons & Simmons has advised BMO, Canaccord and Peel Hunt as joint global coordinators and, together with Banco Santander, as joint bookrunners on a placing to raise approximately £130 million (c. €150 million) for FTSE 250, Main Market‑listed Spanish copper producer Atalaya Mining.
The institutional placing, alongside a separate retail offer, will allow Atalaya to accelerate the development of its copper growth projects in Spain, capitalising on strong copper market fundamentals. The Fundraise will also provide the company with additional financial flexibility to support its proposed copper mining project, Proyecto Touro, while continuing to advance its growth pipeline, primarily in the Riotinto District. Together, the company’s growth projects have the potential to transform Atalaya into a 100,000‑tonne‑per‑annum copper equivalent producer.
The Simmons & Simmons team advising on the placing was led by partner Alexander Keepin and of counsel Thomas Burgoo, with US securities advice provided by of counsel Ben Novick.
This deal underscores the strength of the firm’s Energy, Natural Resources, Infrastructure and Construction (ENRIC) offering, bringing together deep sector expertise across mining and metals with strong capital markets capabilities.
Commenting on the transaction, Alexander Keepin said: “This placing provides Atalaya with the financial flexibility to accelerate its growth strategy and progress its development pipeline. We were pleased to support both the company and the banking syndicate on this significant transaction.”
