RCF Acquisition in a proxy filing called a My 9 meeting for shareholders to vote on a proposed deadline extension that would push the SPAC's termination date to May 2024. A separate proposal, if approved, would allow the board to liquidate and redeem shares at an earlier date in its sole discretion.
The SPAC raised $200 million in a November 2021 ipo. RCF Acquisition is targeting businesses of scale across the critical minerals value chain.
Chairman James McClements co-founded mining PE firm Resource Capital Funds in 1998 and has helped to oversee its strategic direction since then. Read more.