Copper: Humanity’s first and most important future metal
Millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more are needed to build wind and solar farms.
Capstone Copper said on Thursday the copper miner and affiliates of Orion Mine Finance have entered into a deal with RBC Capital Markets, in which the underwriter will buy 59.52 million shares at C$6.30 per share for nearly C$375 million ($280.14 million).
The offering is expected to close on around Feb. 8.
($1 = 1.3386 Canadian dollars)
(By Seher Dareen; Editing by Arun Koyyur)
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