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An announcement from Cyprium Metals Limited ( (AU:CYM) ) is now available.
Cyprium Metals Limited has announced a successful A$80 million capital raise through a placement and entitlement offer, with strong support from existing and new institutional investors. This capital raise is pivotal for the company as it will fund the restart of the Nifty Copper Complex, reduce existing debt, and advance feasibility studies for future projects. The company is positioning itself for growth and aims to enhance shareholder value by leveraging its copper assets.
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 transitioning from an asset owner to a producer, aiming to become a significant player in the copper industry.
YTD Price Performance: 30.43%
Average Trading Volume: 2,248,741
Technical Sentiment Signal: Hold
Current Market Cap: A$61.91M
Learn more about CYM stock on TipRanks’ Stock Analysis page.