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The latest announcement is out from Cyprium Metals Limited ( (AU:CYM) ).
Cyprium Metals Limited successfully closed its pro rata non-renounceable entitlement offer, raising A$1,527,713.84 through the issue of 54,561,162 new shares. The offer, which included a Top-Up Facility, saw a 51% take-up rate from eligible shareholders. The remaining shortfall shares may be placed at the discretion of the company’s directors over the next three months, potentially impacting the company’s financial stability and future growth opportunities.
More about Cyprium Metals Limited
Cyprium Metals Limited is an ASX-listed Australian copper company, focusing on the redevelopment of its flagship Nifty Copper Mine in Western Australia. The company leverages significant invested capital, data from its long operating history, and large-scale resources to enhance its copper production. Cyprium also holds copper-focused properties in the Paterson and Murchison Provinces.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €27.93M
For a thorough assessment of CYM stock, go to TipRanks’ Stock Analysis page.