Allens has advised KGL Resources on its successful $300 million equity raising to fund the Jervois Copper Project, comprising a $180 million placement and a fully underwritten $120 million entitlement offer.
The transaction follows KGL’s streaming agreement with Wheaton Precious Metals – on which Allens also advised – and is expected to complete the Project’s funding package to fully fund Jervois through to production.
‘Copper remains central to the critical minerals and energy transition conversation, and we continue to see strong capital markets interest in high-quality projects with the potential to support future supply,’ said lead partner David Gray.
‘This raising strongly positions KGL and its Jervois Project within a sector that is drawing sustained interest from investors.’
Allens advised KGL on all aspects of the capital raising, building on its market-leading work in capital markets within the mining sector.
