Cygnus Metals Ltd
Cygnus Metals Backs $232m Takeover Proposal from Central Asia Metals
Cygnus Metals board backs $232m Central Asia Metals takeover via all-scrip scheme, a 60% premium; 0.06 CAML per CY5 share, directors back the scheme.
Cygnus Metals Delivers Major Resource Upgrade at Chibougamau Copper-Gold Project
Cygnus Metals (ASX: CY5) has delivered a significant resource increase at its Chibougamau copper-gold project in Quebec, lifting measured and indicated resources by 78%. The new mineral resource estimate incorporates a maiden figure for the Golden Eye deposit alongside expanded inventories at Corner Bay, Cedar Bay, Devlin and Joe Mann. Executive chair David Southam said […]
Cygnus Metals and Doré plan merger to unlock Canadian copper-lithium-gold assets
Australia’s Cygnus Metals (ASX: CY5) has revealed plans to merge with Doré Copper Mining to develop the two companies’ significant Canadian copper, lithium and gold portfolio. The companies have agreed to merge by way of a Canadian statutory plan of arrangement, pursuant to which Cygnus will acquire 100% of the issued and outstanding common shares […]
Cygnus Metals unveils maiden 10.1Mt lithium resource at Pontax
Just over a year after acquiring the game-changing asset, Cygnus Metals (ASX: CY5) has released an impressive maiden inferred mineral resource estimate of 10.1 million tonnes at 1.04% lithium oxide (Li2O) for its Pontax project in James Bay, Canada. On July 29, 2022, Cygnus announced that it had entered into a binding agreement for an […]