08:39 AM EDT, 03/20/2025 (MT Newswires) -- Capstone Copper ( CSCCF ) said Thursday that it is launching an offering of US$500 million aggregate principal amount of senior notes due 2033.

The company plans to use the proceeds to repay project financing debt at its Mantoverde subsidiary, to pay down debt on its senior secured revolving credit facility, and for general corporate purposes.

Other terms of the notes will be determined at pricing and are dependent upon market conditions and other factors, Capstone said.

Capstone's share price gained 4.2% on Wednesday to $8.78 on the TSX.