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T. Small

Co-Head of M&A, Co-leader Global Metals & Mining

London, UK

Contact by email at [email protected]

t. +1 416-601-8425
   +44 (0)20 7786 5746


Law School

University of British Columbia

Bar Admission

Ontario, 1998

Shea Small, Co-Head of Mergers & Acquisitions and a member of the firm’s Board of Partners, has an international practice based in Toronto, Canada and London, UK, focusing on mergers & acquisitions, joint ventures, strategic investments, contested and special situations, private equity and capital markets. 

Shea is Chambers-ranked, and repeatedly recognized by Lexpert, Best Lawyers, Legal 500 and IFLR 1000, for his significant experience in M&A, natural resources and international mandates. He also has an Acritas Star for his joint venture and global expertise. 

" I would call him the most creative and commercially minded lawyer that I’ve worked with. He has a unique ability to strategize to the right outcome and to come up with creative solutions. Insofar as he is regarded as a key member of our strategy team, he goes way beyond just being a lawyer. "

Deeply Connected in the Metals and Mining Industry

Shea has significant industry expertise and deep industry connections in the global metals and mining sector, particularly in complex multi-jurisdictional transactions. With over 20 years of experience and as Co-Leader of McCarthy Tétrault’s Global Metals & Mining Group, Shea helps clients structure and implement transactions across the globe, with a particular focus on Australia, Latin America, the UK and West Africa.

Shea is also a member of McCarthy Tétrault’s Leadership Team in his role as Co-Leader, International Strategy.

Shea’s recent experience includes:

Public M&A

  • Canadian counsel to Newcrest Mining on its A$29 billion all stock acquisition by Newmont
  • Rio Tinto on its US$3.3 billion all cash insider acquisition of TSX/NYSE-listed Turquoise Hill Resources which operates the Oyu Tolgoi copper and gold mine in Mongolia
    • M&A Deal of the Year at the Canadian Law Awards
  • Wyloo Metals on its C$615 million all cash insider acquisition of, and takeover battle with BHP over, TSXV-listed Noront Resources which owns several major nickel and chromite discoveries in Ontario’s Ring of Fire
  • Newcrest Mining on its C$3.5 billion cash and stock acquisition of TSX/NYSE-listed Pretium Resources which operates the Brucejack gold mine in British Columbia
  • Endeavour Mining on its C$2.44 billion all stock acquisition of TSX-listed Teranga Gold which operates the Sabodala-Massawa and Wahgnion gold mines in West Africa
  • Viavi Solutions on its $459 million cash offer for, and takeover battle with the controlling founder of, TSX/NASDAQ-listed EXFO, a 5G equipment technology company
  • Endeavour Mining on its C$1 billion all stock acquisition of TSX/NASDAQ Stockholm-listed SEMAFO which operates the Boungou and Mana gold mines in Burkina Faso
  • Canadian counsel to LSE-listed Acacia Mining on its US$428 million all stock acquisition by Barrick Gold
  • Oil Search on its US$2.2 billion stock and contingent value right offer for, and takeover battle with Exxon Mobil over, InterOil, a NYSE-listed oil and gas company with project interests in Papua New Guinea

Private M&A and Joint Ventures

  • Appian Capital on its US$100 million acquisition of a 60% joint venture interest in the Pine Point zinc project in the Northwest Territories from Osisko Metals
  • Appian Capital on its US$1.2 billion agreed sale of the Atlantic nickel and Serrote da Laje copper mines in Brazil and subsequent termination by Sibanye-Stillwater
  • Newcrest Mining on its US$460 million acquisition of gold prepay and silver stream facilities and offtake on Lundin Gold's Fruta del Norte gold mine in Ecuador from Orion and Blackstone
  • Evolution Mining on its US$475 million cash and contingent value right acquisition from Newmont of the Red Lake gold mine in Ontario
  • Stifel Financial on its acquisition of the Canadian capital markets business of GMP Capital
  • Newcrest Mining on its US$800 million acquisition of a 70% joint venture interest in the Red Chris copper and gold mine in British Columbia from Imperial Metals
  • Appian Capital on its acquisition of the Serrote da Laje copper project in Brazil from Aura Minerals
  • Proterra Investment Partners on its majority acquisition of Tacora Resources which owns the Scully iron ore mine in Newfoundland and Labrador
  • Rio Tinto on multiple sale processes for the Iron Ore Company of Canada
  • OMERS on its acquisition of equity interests in Brit, a UK-based insurance company, and Eurolife, a Greek insurance company, from Fairfax
  • Constellium on the establishment of an aluminum auto parts joint venture in Ontario

Strategic Investments

  • La Mancha on its strategic investment to acquire 19.9% of the shares and a convertible note of TSX/AIM-listed Horizonte Minerals which operates the Araguaia nickel project in Brazil
  • La Mancha on the sale of its 35% equity investment in TSX/NYSE-listed Golden Star Resources and support for Chifeng Jilong Gold’s US$470 million cash acquisition of Golden Star Resources
  • Appian Capital on the sale of its 13% equity investment in TSX-listed Roxgold and support for Fortuna Silver Mines’ C$1.1 billion stock and cash acquisition of Roxgold
  • Wyloo Metals on its strategic investment to acquire 23% of the shares and a convertible loan of TSXV-listed Noront Resources from Resources Capital Funds
  • Newcrest Mining on its US$250 million strategic investment to acquire 27% of the shares of TSX-listed Lundin Gold which operates the Fruta del Norte gold mine in Ecuador
  • La Mancha on its US$125.7 million strategic investment to acquire 30% of the shares of TSX and NYSE-listed Golden Star Resources which operates the Wassa and Prestea gold mines in Ghana

Contested and Special Situations

  • Appian Capital on the sale to Silver Lake Resources of its debt and royalty interests as part of the CCAA insolvency process for TSX-listed Harte Gold
  • Rio Tinto on its acquisition of the remaining 40% joint venture interest in the Diavik diamond mine in the Northwest Territories as part of the CCAA insolvency process for TSX/NYSE-listed Dominion Diamond Mines
  • Detour Gold on its proxy battle with Paulson & Co.
  • Rio Tinto on its creep to control of, and shareholder rights plan arbitration with, TSX/NYSE-listed Turquoise Hill Resources (formerly Ivanhoe Mines)

Capital Markets

  • FordGE and Wells Fargo on their MTN, CP and maple debt programs in Canada
  • RBC Capital Markets on RBC’s covered bond program in Canada
  • dealer syndicates on debt offerings by First National Financial and Penske
  • Rio Tinto on its standby commitments for multiple rights offerings by Turquoise Hill Resources
" We believe that Shea is one of the lawyers that make McCarthy Tétrault one of the top legal firms in Canada and globally… "
Client, Chambers and Partners