From GlobeNewswire: 2025-06-19 19:30:00

Cygnus Metals Limited has successfully secured commitments from institutional and sophisticated investors, raising A$18.3 million through a share placement. The funds will be used for resource growth, exploration, permitting, and advancing studies at the Chibougamau Copper-Gold Project. The Placement was priced at A$0.086 per share and was well-supported by investors. The Company plans to update its Resource next quarter following positive drilling results at the Corner Bay deposit and the discovery of high-grade gold/copper at the Golden Eye prospect. This strategic move comes amid increased M&A activity in the copper space, highlighting the value of Cygnus’ projects.



Read more at GlobeNewswire: Cygnus raises $18.3m to accelerate resource growth and