Thomson Geer advises BMC Minerals Ltd on A$100 million IPO and ASX listing

Thomson Geer has advised BMC Minerals Ltd (ASX: BMC) (BMC) on its successful initial public offering and admission to the official list of the ASX, raising A$100 million and establishing an indicative market capitalisation of approximately A$550 million on admission.

BMC is a mineral exploration and development company focused on precious and base metals, including silver, zinc, copper, lead and gold. Its principal asset is the 100% owned Kudz Ze Kayah Project, comprising approximately 372 km² of mineral tenure in the Finlayson Lake District, south-eastern Yukon, Canada.

This was BMC's first securities exchange listing and Thomson Geer provided guidance throughout the ASX admission and public offering process, including advising BMC and its board on the legal and regulatory requirements for listing on the ASX, coordinating prospectus disclosure, structuring the capital raising and convertible note conversion and disclosure obligations.

The funds raised will support exploration, permitting and optimisation studies at Kudz Ze Kayah advancing the project towards a final investment decision for the proposed ABM Mine. BMC's quotation on the ASX will also enhance its presence in the Australian market and increase its visibility among Australian investors.

The Thomson Geer team was led by Partner Michael Bowen who said, "BMC’s IPO showcases Australia’s depth of capital for high-quality international mining assets. By advising on Australian market and regulatory expectations and delivering a clear, timely prospectus process, we have helped position BMC to progress Kudz Ze Kayah towards development. We are proud to have supported BMC's admission to the ASX and to have played a role in facilitating an outcome that positions BMC for the next stage of growth."

The Thomson Geer team also included Special Counsel Natasha Augustin, Associate Rebecca Gilbert, and Lawyer Charlie Mitchell.