Cyprium Metals Limited (ASX: CYM)
Announced a capital raising via a placement and a pro rata non‐renounceable rights issue to raise up to approximately $26 million before costs.
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The Company has received firm commitments in respect of a placement to issue approximately 139.1 million new shares at 11.5 cents each. […] Continue reading
Cyprium Metals (ASX: CYM)
Announced that it has entered into an exclusive Letter of Intent with Glencore for AUD$50 million in respect of a Copper Cathode Offtake Secured Prepayment Facility which will be used for funding the Nifty Copper, as part of the debt financing for the restart of the Nifty Copper Project, which includes capital expenditure, contingencies, working capital, and financing costs. […] Continue reading
Mining Review Sunday Update 22nd May 2022
Gold and silver recovered somewhat this week, as did some of the base metals, but are still well down on a month ago.
Companies in the news this week included Argosy Minerals, Banyan Gold, Calidus Resources, Cyprium Metals, and Karora Resources. Continue reading
Cyprium Metals (ASX: CYM)
Announced a 28.4% increase in its Nifty Copper Mine’s Measured Resource Estimate to 940,200 tonnes of contained metals.
The Nifty Copper Mine is located in north-eastern Pilbara region of Western Australia, approximately 330km southeast of Port Hedland. […] Continue reading
Cyprium Metals Limited (ASX: CYM)
Announced the receipt of assay results from the final 11 RC holes (for 3,356m) at Nifty West.
The drilling programme targeted lightly drilled areas up-plunge of the former underground mine in the keel area of the Nifty syncline below the western end of the Nifty open pit. Continue reading
Cyprium Metals Limited (ASX: CYM)
Reported the results of the first round of assays that have been received from the 2021 Reverse Circulation (“RC”) drilling campaign at the Maroochydore Copper – Cobalt Project.
Near-surface oxide copper/cobalt mineralisation extended to 3km long, up to 500 m wide, and 100m thick. […] Continue reading
City Investors Circle – London
As a result of companies in our tier one watchlist being bought out during 2021, we have added in three companies to replace them.
As before, they are advanced exploration and development projects with a good chance of financing and early production. The three additions are; Calidus Resources (ASX: CAI), Cyprium Metals (ASX: CYM), and Karora Resources (TSX: KRR). Continue reading
