Highlights

  • Cyprium Metals has proposed the issue of up to 1,424,243 fully paid ordinary shares at $0.33 per share.
  • The issue is subject to shareholder approval under ASX Listing Rule 7.1, with the approval date set for 11 December 2026.
  • The proposed issue date is 16 December 2026, with the shares ranking equally with existing shares.
  • Proceeds are intended for DFS costs, site infrastructure upgrades, SXEW expansion and working capital.

Cyprium Metals Limited (ASX:CYM) has lodged an Appendix 3B notice dated 30 October 2026, setting out a proposed issue of ordinary shares as part of a placement. The issue requires shareholder approval before it can proceed.

Details of the Proposed Issue

The company proposes to issue a maximum of 1,424,243 CYM ordinary fully paid shares at an issue price of $0.33 per share, payable in cash. Based on these figures, the implied total consideration is approximately $470,000.

The shares belong to an existing quoted class and are expected to rank equally in all respects with existing shares from their date of issue. Cyprium will apply for quotation on the ASX and lodge an Appendix 2A once the final number of shares issued is known.

Timing and Approval Requirements

Security holder approval under ASX Listing Rule 7.1 is scheduled for 11 December 2026. If approved, the shares are proposed to be issued on 16 December 2026.

The company noted that on-sale of the shares within 12 months will rely on a cleansing notice under the secondary sale provisions of the Corporations Act.

Use of Funds and Lead Managers

Cyprium has listed four intended uses of the funds: costs associated with its definitive feasibility study (DFS); site infrastructure upgrades, including the aerodrome, access road and power generation; solvent extraction and electrowinning (SXEW) expansion, including long-lead items and other early works; and working capital.

Euroz Hartleys Limited, Canaccord Genuity (Australia) Limited and Jarden Australia Pty Limited are acting as lead managers. They will receive a fee of 5% of proceeds raised under the placement, excluding funds from director participation.

Key Takeaways

  • Cyprium proposes to issue up to 1,424,243 shares at $0.33, worth about $470,000 in total.
  • The issue depends on shareholder approval scheduled for 11 December 2026.
  • Funds are earmarked for the DFS, site infrastructure, SXEW expansion and working capital.
  • Three brokers are acting as lead managers for a 5% fee on non-director proceeds.