Atalaya Mining Copper Completes Takeover of Tharsis Mining

08:13 AM EST, 11/11/2026 (MT Newswires) -- Atalaya Mining Copper (ATYM.L) closed its acquisition of Spanish metal mining company Tharsis Mining for a total cash consideration of 125 million euros. The London-listed copper mining company said Wednesday that the transaction includes an upfront payment of 75 million euros paid on closing and 50 million euros in deferred payments due within 12 months. The deferred amount will accrue interest at the 12-month Euro Interbank Offered Rate plus 1.5%. The deal expands Atalaya's presence in Spain's Iberian Pyrite Belt and adds the past-producing Tharsis and La Zara projects to its portfolio.