Cygnus Metals

As announced in early January, ASX-listed Cygnus Metals and TSXV-listed Doré Copper completed a merger by way of a Canadian statutory plan of arrangement, with Cygnus acquiring 100% of the issued and outstanding common shares of Doré: https://loom.ly/mLQ_1Bo This LinkedIn page will be closing soon. To stay up to date with the latest news on our Chibougamau Copper Gold Project and James Bay Lithium Projects, follow us on the links below: ➡️ LinkedIn: https://loom.ly/lVnWJpI ➡️ X: https://loom.ly/8Or0lF8 ➡️ Facebook: https://loom.ly/_sOQgcw ➡️ Instagram: https://loom.ly/OY5m8ak

We've expanded our land holding by 50% at our Chibougamau Copper-Gold Project in Quebec, Canada and are about to start drilling. The newly staked areas add to a highly prospective land position which has seen limited modern exploration in the past 20 years. Our Chibougamau #Copper-#Gold Project has a Measured and Indicated Mineral Resource of 3.6Mt at 3.0% CuEq and an Inferred Mineral Resource of 7.2Mt at 3.8% CuEq. Two diamond drill rigs are set to start this week, targeting both resource growth and priority brownfield exploration targets. Read the full ASX announcement: https://lnkd.in/eT4EiE7u #Exploration #Mining #Drilling #CriticalMinerals #Quebec #CY5

We have successfully completed our merger with Doré Copper Mining Corp., resulting in the creation of a critical minerals exploration and development company to be dual listed on the Australian Securities Exchange and the TSX Venture Exchange, and expected to be quoted on the OTCQB. This transformative merger establishes Cygnus as a leading player in the critical minerals sector, with a strategic focus on high-grade copper and lithium assets in Quebec, Canada. Our Executive Chair David Southam said: “This merger is an exceptional opportunity to create value for both groups of shareholders. By combining the proven exploration and management skills of the Cygnus team with the high-grade resource and immense upside at the Chibougamau Copper-Gold Project, we have the potential to unlock substantial value. We have worked closely with Dore since the merger announcement to complete a targeted exploration program leading up to Christmas and expect to report results early in this quarter. We will shortly start an aggressive drilling and geophysics program focussed on achieving strong resource growth and testing new targets at a time when the world desperately wants more copper from tier-one locations”. Read the full ASX announcement here: https://lnkd.in/edSkNNDx

May this festive season bring you joy, peace, and prosperity. Merry Christmas and Happy New Year from all of us at Cygnus Metals! 🎁✨

Cygnus Metals is pleased to announce that shareholders of both Cygnus and Doré Copper Mining Corp. have approved the merger of their companies. Find out more here: https://lnkd.in/gUa_aVpH #CY5 #copper #exploration #criticalMinerals #Canada #ASX

Canaccord Genuity has advised on the merger of Cygnus Metals (ASX:CY5) and Doré Copper Mining Corp. (TSX-V:DCMC) – creating a significant Quebec-focused critical minerals explorer with high grade copper and lithium resources. CG also helped raise A$11 million as part of the transaction to accelerate resource growth and advance the pathway to production at Chibougamau whilst also advancing the lithium exploration pipeline in James Bay.   Cygnus is an emerging exploration company with lithium projects in the world class James Bay lithium district in Canada with a JORC inferred resource of 10.1Mt @ 1.04% Li2O. Doré’s Chibougamau Copper Gold Project adds a high-grade Cu/Au resource of 10.8Mt @ 3.5% CuEq. The merger is targeted to close in late-December 2024 with the primary listing to be on the ASX.   CG acted as Financial Adviser to Cygnus on the merger and Joint Lead Manager to the equity raising component of the transaction. This transaction exemplifies CG’s expertise in cross border transactions.   Congratulations to David Southam and the entire CY5 team. CG’s M&A advisory team was led by John Toll and Courtney Libby and our Investment Banking team was led by Christian Calabrese, Courtney Libby and Alexander Bassil. ECM / investor engagement was led by Will Morley and Jack Sampson with global investor engagement led by James Thomson.

Fantastic response to our Canadian copper deal! Firm commitments received for $11m in placement. Can't wait to unlock the value of this great asset. https://ow.ly/OIjL50TNcY5 #CY5 #exploration #Canada #ASX

Cygnus Metals is pleased to announce that it has entered into a definitive arrangement agreement to merge with Dore Copper Mining Corp., creating a Canadian-focused #copper and #lithium company with two core assets in #Quebec. $CY5 #copper #mergers #Canada #Quebec #deals #ASX #ausbiz

Barry FitzGerald looks at Cygnus' plan to repeat the project acquisition success of its stablemates Bellevue Gold, FireFly Metals and Andean Silver. https://lnkd.in/gCMrBFj3

Cygnus has received firm commitments totalling ~A$3m via a Placement to institutional and sophisticated investors. The Placement was well supported (and therefore required significant scaling) with strong demand from existing and new investors. Read more here: https://lnkd.in/gy8DZ79a #CY5 #placement #capitalraising #shareholders #investors #ASX