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The latest update is out from Cyprium Metals Limited ( (AU:CYM) ).
Cyprium Metals Limited has successfully completed Tranche 2 of its two-tranche placement, raising approximately A$74 million through the issuance of 2,643 million new shares. The funds will be used to advance the phase one Cathode Project, strengthen the company’s balance sheet, complete the feasibility study for the Concentrate Project, and maintain its asset base, positioning Cyprium strategically in the copper mining sector.
More about Cyprium Metals Limited
Cyprium Metals Limited is a company operating in the mining industry, primarily focused on the development and production of copper projects. The company is engaged in executing projects such as the Cathode Project and the Concentrate Project, with a significant asset base in the Paterson Province.
YTD Price Performance: 90.91%
Average Trading Volume: 6,590,408
Technical Sentiment Signal: Hold
Current Market Cap: A$117.4M
Learn more about CYM stock on TipRanks’ Stock Analysis page.