Memery Crystal advise Rambler Metals and Mining on £3.8m placing

Rambler Metals and Mining is a Junior Mining Company that has 100% ownership of the Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador, Canada.

The funds raised will be used to underwrite ongoing underground development and for working capital purposes. This placing is in support of mining production expansion to a sustained 1,350 tonnes per day at 2% copper and has positioned the company to reach full mill production by the end of the first quarter of 2022.

The Memery Crystal team on this deal was led by partner Melanie Talbot and included solicitor Hannah Maxwell. Our ECM team has extensive experience supporting clients on placings and secondary fundraisings, having advised on over £775m worth in 2021.