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Cyprium Metals Limited ( (AU:CYM) ) has provided an update.
Cyprium Metals has launched a A$41 million equity raising, comprising a A$36 million institutional placement and a fully underwritten A$5 million entitlement offer at A$0.52 per share, to fund accelerated exploration and production growth initiatives. Strong demand from existing major shareholders Flat Footed and Tribeca, new institutional investors and the Cyprium board underpins the raising, which will support regional exploration, studies and early works for expanding SXEW capacity, reactivating the Nifty open pit and assessing concentrator refurbishment, while the company continues progressing towards first copper cathode production from Nifty expected in mid-2026.
The most recent analyst rating on (AU:CYM) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Cyprium Metals Limited stock, see the AU:CYM Stock Forecast page.
More about Cyprium Metals Limited
Cyprium Metals Limited is an Australian copper developer focused on restarting and expanding the Nifty Copper Complex in the Paterson region of Western Australia. The company is pursuing a phased restart of copper cathode production and is also advancing regional exploration projects including the Paterson Exploration Project, Maroochydore and the Cue Copper-Gold Project, aiming to build a larger, multi-asset copper production platform.
YTD Price Performance: 8.33%
Average Trading Volume: 1,124,082
Technical Sentiment Signal: Hold
Current Market Cap: A$287.9M
For detailed information about CYM stock, go to TipRanks’ Stock Analysis page.