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Cyprium Metals Limited ( (AU:CYM) ) has issued an update.
Cyprium Metals has approved the Phase 1 restart of copper cathode production at its Nifty Copper Complex, targeting first output in mid-2026, and has advanced key construction, environmental compliance and operational readiness activities, including refurbishment of heap leach infrastructure, early works for a new acid storage and distribution system, and ordering long lead items for refurbishment of the SXEW plant. The company strengthened its balance sheet with a A$80 million capital raise, refinancing of its senior secured loan facility, completion of a US$6.4 million surplus generator sale and a 1-for-10 share consolidation, while appointing two new non-executive directors, leaving it with A$75 million in cash at quarter-end to support its transition to production and pursue further growth phases at Nifty and other assets in the Paterson region.
The most recent analyst rating on (AU:CYM) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Cyprium Metals Limited stock, see the AU:CYM Stock Forecast page.
More about Cyprium Metals Limited
Cyprium Metals Limited is an Australian copper developer listed on the ASX and OTCQB, focused on restarting and expanding the Nifty Copper Complex in the Paterson region of Western Australia. The company aims to transition from project developer to copper producer, with a strategic emphasis on heap leach and SXEW cathode production and growth opportunities across its broader Paterson exploration portfolio.
YTD Price Performance: 7.41%
Average Trading Volume: 1,179,204
Technical Sentiment Signal: Hold
Current Market Cap: A$285.5M
See more data about CYM stock on TipRanks’ Stock Analysis page.