On November 8, 2023, Ero Copper Corp., a Vancouver-based mining company, announced an equity offering that raised US$105,098,500 (approximately C$145.6 million) through the issuance of 8,510,000 common shares at US$12.35 per share. The offering, including an over-allotment option for underwriters to purchase an additional 1,276,500 shares, could bring the total proceeds to US$120,863,275 (approximately C$167.5 million). The transaction was set to close on November 14, 2023, subject to listing approvals on the TSX and NYSE.

The syndicate of underwriters included BMO Nesbitt Burns Inc. (lead underwriter and sole bookrunner), Canaccord Genuity Corp., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., PI Financial Corp., Raymond James Ltd., and Stifel Nicolaus Canada Inc..

Legal advisors for the offering were Blake, Cassels & Graydon LLP (Canadian counsel to Ero), Paul, Weiss, Rifkind, Wharton & Garrison LLP (U.S. counsel to Ero), Cassels Brock & Blackwell LLP (Canadian counsel to underwriters), and Skadden, Arps, Slate, Meagher & Flom LLP (U.S. counsel to underwriters).

Net proceeds, estimated at US$98.8 million (approximately C$136.9 million) after fees and expenses, were intended for advancing construction at the Tucumã Project, growth initiatives at the Caraíba Operations, regional exploration in Brazil, and general corporate purposes.