Metals Acquisition : Subscription Agreement - Form 6-K

October 11, 2023, Metals Acquisition Limited (the "Company") and certain investors (the "Subscribers") entered into subscription agreements (collectively, the "Subscription Agreement"), pursuant to which, and on the terms and subject to the conditions of which, the Subscribers have collectively subscribed for an aggregate of 1,827,096 ordinary shares, par value $0.0001 per share, of the Company (the "Subscribed Shares") at a purchase price of $11.00 per share, for aggregate gross proceeds of $20,098,056 in a private placement (the "Private Placement"). The Private Placement was made in reliance on an exemption for private offerings pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act") and Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.

The Private Placement is expected to close on October 13, 2023. The Company intends to use the net proceeds from the Private Placement to accelerate exploration drilling and mine development at the CSA copper mine, together with working capital and general corporate purposes.

The foregoing description of the Subscription Agreement and the issuances contemplated thereby does not purport to be complete and is qualified in its entirety by the terms and conditions of the Form of Subscription Agreement, a copy of which is filed as Exhibit 10.1 hereto, and which is incorporated herein by reference.

The information in this Form 6-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.