Key Mining, a Florida-based mining company with two exploration-stage projects in Chile, announced terms for its IPO on Friday.
The Miami, FL-based company plans to raise $10 million by offering 4 million shares at a price range of $2 to $3. At the midpoint of the proposed range, Key Mining would command a fully diluted market value of $61 million.
Key Mining is an exploration stage mining company focused primarily on the development of two projects located in the Atacama Region of Chile. Its Cerro Blanco project is focused primarily on exploring for rutile from which high grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused primarily on exploring for copper, and to a lesser extent, zinc. Key Mining has limited operating history, has never generated any revenue, and currently does not operate any mines.
Key Mining was founded in 2020 and plans to list on the NYSE American under the symbol KMCM. Titan Partners is the sole bookrunner on the deal.
