Copper producer CopperTech Metals (CUX.US) submitted an IPO application to the US stock market, aiming to raise up to $500 million.

CopperTech Metals, a copper and cobalt producer, submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Tuesday. The company is expected to raise up to 5 billion dollars through this IPO. CopperTech Metals is a copper mining company that was spun off from Vedanta, operating in Zambia. CopperTech Metals is a U.S.-based copper and cobalt producer, controlling one of the largest copper mining systems in the Central African Copperbelt. Its flagship project is the Konkola Copper Mines located in the Copperbelt Province of Zambia. The company operates an integrated mining platform with a resource base capable of supporting decades of extraction, and is supported by existing infrastructure including mines, beneficiation plants, smelters, refineries, and tailings leach facilities. With the growth in demand for copper driven by artificial intelligence infrastructure, data centers, and electrification of electrical grids, CopperTech plans to invest $27 billion in capital expenditures over the next five fiscal years, aiming to achieve an average annual production of about 270,000 tonnes (Ktpa) starting from the 2030 fiscal year. Founded in 2025, the company, headquartered in New York City, achieved revenues of 1.3 billion dollars in the 12 months ending on March 31, 2026. The company plans to list on the New York Stock Exchange under the stock symbol CUX. CopperTech Metals had previously secretly submitted an application for listing on November 25, 2025. Citigroup, Cantor Fitzgerald, BMO Capital Markets, RBC Capital Markets, TD Securities, Stifel, and William Blair will serve as joint bookrunners for this transaction.