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Cyclone Metals Ltd ( (AU:CLE) ) has provided an announcement.
Cyclone Metals Limited has announced its quarterly activities report for the period ending 30 September 2025, highlighting significant progress in its Iron Bear Project. The company has launched a Pre-Feasibility Study, completed geological mapping, and engaged in environmental and community activities. Additionally, Cyclone has strengthened its financial position by selling shares in listed ASX entities, raising approximately $14.3 million, and securing a development agreement with Vale S.A. for up to USD 138 million to advance the Iron Bear Project. These developments position Cyclone Metals favorably in the iron ore market, with a focus on sustainable and high-quality production.
More about Cyclone Metals Ltd
Cyclone Metals Limited is an Australian company focused on the mining industry, primarily engaged in developing its flagship Iron Bear Project, a large-scale iron ore project located in the Labrador Trough, Canada. The company aims to produce high-quality iron ore concentrates and pellets, emphasizing low-carbon and renewable energy solutions.
YTD Price Performance: -3.57%
Average Trading Volume: 1,987,377
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$59.72M
Learn more about CLE stock on TipRanks’ Stock Analysis page.