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Cyprium Metals Limited ( (AU:CYM) ) just unveiled an announcement.
Cyprium Metals Limited has entered into a binding agreement with Solstice Minerals Limited to divest its Meekatharra Project in Western Australia. This strategic move includes receiving $1,000,000 in cash and 3,000,000 shares in Solstice, with potential for additional shares based on future mineral resource announcements. This divestment is part of Cyprium’s broader strategic review of its portfolio, aiming to streamline operations and focus on its core assets, potentially strengthening its market position.
More about Cyprium Metals Limited
Cyprium Metals Limited is an ASX-listed Australian copper company, primarily focused on the redevelopment of the Nifty Copper Mine in Western Australia. The company leverages its extensive operating history, substantial resources, and existing operational approvals to enhance its copper production. It also holds significant copper properties in the Paterson and Murchison Provinces.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €25.74M
For a thorough assessment of CYM stock, go to TipRanks’ Stock Analysis page.
