Cygnus Metals Limited ( (AU:CY5) ) has issued an update.
Cygnus Metals Limited has issued 300,000 fully paid ordinary shares to Stria Lithium Inc. as consideration for a two-year extension to the earn-in for the Pontax Lithium Project, with the shares subject to a four-month voluntary holding lock. The company continues its exploration and drill programs at the Chibougamau Copper-Gold Project in Quebec, awaiting assay results, which will be announced upon completion of data collation and interpretation, in compliance with continuous disclosure obligations.
More about Cygnus Metals Limited
Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec, Canada, and Western Australia. The company focuses on advancing its Chibougamau Copper-Gold Project in Quebec and possesses significant lithium assets in the James Bay district, along with REE and base metal projects in Western Australia. Cygnus is committed to resource growth and developing a hub-and-spoke operation model, leveraging its team’s proven track record in turning exploration success into production enterprises.
YTD Price Performance: -15.00%
Average Trading Volume: 1,035,581
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$67.09M
Learn more about CY5 stock on TipRanks’ Stock Analysis page.