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Cyprium Metals Limited (ASX:CYM)

ALERT: Price-sensitive ASX Announcement for CYM
Current share price for CYM : $0.425 0.05 (13.33%)+
Announcement
Release
30 Apr 2026 9:32AM
Price at Release
$0.375
Full Release
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Summary
Cyprium Metals Limited, an Australian copper company, reported progress on its Phase 1 Copper Cathode Restart project at the Nifty Copper Complex in Western Australia during the March 2026 quarter. Key activities included significant infrastructure development, pre-commissioning of heaps, and 50% completion of labour hours for the SXEW plant construction. The company expects copper cathode production to begin in September 2026. Cyprium raised A$41 million to fund exploration and growth initiatives, ending the quarter with A$96.5 million in cash. The company remains focused on managing supply chain risks and securing key inputs like sulphuric acid.
Key Points
  • Phase 1 Cathode Restart project progressing as planned.
  • Significant site infrastructure work completed.
  • Copper cathode production expected in September 2026.
  • A$41 million capital raised to fund growth initiatives.
  • Ended quarter with A$96.5 million cash on hand.
  • Focus on supply chain management and securing inputs.
  • Key strategic hires to support operations and exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.