AIC makes major copper move with Mt Cuthbert

By Samantha Bawden

Thursday, 24 September 2026
NewsProjects & Operations
AIC Mines (ASX: A1M) has entered into binding agreements to acquire Materra Metals and its Mt Cuthbert copper project in Queensland for $120m, consisting of $100m in AIC Mines shares and $20m in cash.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

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