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Cyprium Metals Limited ( (AU:CYM) ) has issued an announcement.
Cyprium Metals Limited is accelerating the restart of its Nifty Copper Complex to take advantage of current high copper prices. The company plans to reprocess heap leach pads for early cash flow and refurbish existing facilities to access a substantial reserve, with the goal of producing copper cathode within 12 months. This initiative is fully funded following an $80 million raise and is expected to generate significant free cash flow annually, positioning Cyprium favorably in the market.
More about Cyprium Metals Limited
Cyprium Metals Limited operates in the mining industry, focusing on copper production. The company is working on the Nifty Copper Complex, which is a significant asset with advantages in cost, time, and scale due to its brownfield status. Cyprium aims to become a near-term producer of copper cathode, leveraging existing infrastructure and resources.
YTD Price Performance: 58.59%
Average Trading Volume: 1,159,219
Technical Sentiment Signal: Buy
Current Market Cap: A$177.2M
See more insights into CYM stock on TipRanks’ Stock Analysis page.