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Cyprium Metals Limited ( (AU:CYM) ) just unveiled an announcement.
Cyprium Metals Limited has successfully raised A$80 million through a Placement and Entitlement Offer to fund the Phase 1 restart of its Nifty Copper Complex. This capital raise strengthens the company’s balance sheet and supports the completion of a feasibility study for the Concentrate Project. The company is now fully funded to execute its plans, with a strong cash position and continued progress in operational readiness for the cathode restart project. The appointment of new directors and the approval of a share consolidation further position Cyprium for future growth.
More about Cyprium Metals Limited
Cyprium Metals Limited is a copper developer focused on restarting the Nifty Copper Complex located in the Paterson region of Western Australia. The company is involved in the copper industry and aims to enhance its market position through phased project developments.
YTD Price Performance: 65.20%
Average Trading Volume: 1,079,054
Technical Sentiment Signal: Buy
Current Market Cap: A$184.6M
For a thorough assessment of CYM stock, go to TipRanks’ Stock Analysis page.