CAML Expands with Acquisition of Antler Copper Project via New World Deal

Central Asia Metals(CAML)

UK-Based Producer Enters US Market with Strategic Arizona Asset

Central Asia Metals (CAML) has acquired New World Resources for $119 million, marking a major expansion into the United States. The deal includes the Antler copper project in Arizona, which has been designated by U.S. officials as part of a critical minerals expedited permitting initiative. This strategic acquisition strengthens CAML’s copper portfolio and aligns with growing demand for domestically sourced critical minerals.

Antler Project Positioned for Fast-Tracked Development

The Antler copper project is expected to complete all permitting by Q1 2026 and start production in 2027. Once operational, the mine will deliver 16,400 tonnes of copper, 34,500 tonnes of zinc, and 3,600 tonnes of lead annually. CAML’s decision to acquire New World is largely driven by Antler’s inclusion in the U.S. critical minerals initiative, which accelerates the approval timeline for high-priority mining projects that support energy transition and national security objectives.

New World Resources

CAML Strengthens Global Base Metals Portfolio

CAML currently operates copper production in Kazakhstan, and zinc and lead operations in North Macedonia. In 2024, the company reported output of 13,439 tonnes of copper, 18,572 tonnes of zinc, and 26,617 tonnes of lead. With the Antler project, CAML enhances its geographic diversification and increases its exposure to U.S. base metals demand, while securing a project poised for regulatory and market tailwinds.

The Metalnomist Commentary

CAML’s acquisition of New World marks a pivotal step into the North American critical minerals arena. The Antler project offers both scale and regulatory momentum, positioning CAML to benefit from U.S. policy support and long-term metals demand.