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An announcement from Cyprium Metals Limited ( (AU:CYM) ) is now available.
Cyprium Metals Limited has successfully refinanced its US$27.3 million senior secured loan facility with Nebari, extending the loan maturity to December 2029. This refinancing provides Cyprium with the flexibility to manage its balance sheet and retain liquidity while investing in the restart of cathode production at the Nifty Copper Complex. The agreement also includes preliminary discussions for future funding to expand production through open pit mining, which could increase cathode and concentrate output.
More about Cyprium Metals Limited
Cyprium Metals Limited is a copper developer focused on the phased restart of the Nifty Copper Complex located in the Paterson region of Western Australia. The company is engaged in the production and development of copper resources, aiming to enhance its market position through strategic refinancing and expansion initiatives.
YTD Price Performance: 58.59%
Average Trading Volume: 1,159,219
Technical Sentiment Signal: Buy
Current Market Cap: A$177.2M
Find detailed analytics on CYM stock on TipRanks’ Stock Analysis page.