Cyprium Metals said it completed Tranche 1 of its placement on 5 November, issuing 61,349,876 fully paid ordinary shares. The proposed placement comprises about 62.8 million shares priced at A$0.330 each and is expected to raise approximately A$20.7 million before costs.
The remaining 1,424,243 shares in Tranche 2 are proposed to be issued to company directors, subject to shareholder approval at a meeting the company said it will seek in December.
Cyprium is an ASX-listed Australian copper company focused on redeveloping the Nifty Copper Complex in Western Australia's Paterson region. The company also holds copper-focused properties in the Paterson and Murchison provinces.
Source: Download CYM official ASX announcement, 2026-11-05.
Copper-processing plant photograph from Cyprium Metals' ASX announcement dated 5 November 2026.