Buchanan has been appointed by Adriatic Metals, the LSE- and ASX-listed mining company, to assist with its strategy of becoming a leading Europe-based metal producer and engaging on its behalf with the European buy-side, sell-side and financial media, as well as providing ESG advisory.
Buchanan advised Adriatic on its strategic funding plan for bringing the Vares silver/zinc/lead mine in Bosnia & Herzegovina into production. Following an equity placing of c.$180.2 million, plus a $144.5m debt finance package, which to date in 2021 is the largest fund raise of any mining group listed in London, Adriatic’s growth trajectory remains firmly on track to become a leading UK-listed mid-tier metals producer.
The transaction received global media coverage and benefitted from a highly oversubscribed placing, broadening and deepening its blue-chip institutional shareholder base.