Ardent Metals — US$18m Series B

Ardent Metals is a copper developer consolidating brownfield concessions in northern Chile and southern Peru, with two past-producing pits and an existing mill within trucking distance. The company is raising US$18m to complete a definitive feasibility study and secure long-lead processing equipment.

Highlights

• Measured and indicated resource of 1.9Mt contained copper across three contiguous concessions.
• Existing 4,000tpd mill on site, cutting an estimated US$140m from initial capital.
• Offtake term sheet signed with a European trading house covering the first five years of concentrate.
• Raising US$18m at a US$96m pre-money valuation; roughly US$11m committed by existing holders.
• Definitive feasibility study targeted for Q3 2027, with first production guided to 2029.

Status

Live

Stage

Developer

Deck

Ardent Metals Investor Deck.pdf

Website

ardentmetals.example

Expected to close 30 September 2026