Further to its ASX announcement on 2 April 2025, Cygnus Metals Ltd. advises that it has issued a total of 300,000 fully paid ordinary shares to Stria Lithium Inc. as consideration for a two-year extension to the earn-in for the Pontax Lithium Project. Cygnus confirms that the Shares are subject to a 4-month voluntary holding lock. Cygnus issued the Shares without disclosure under section 708A of the Corporations Act 2001 [...]
Cygnus Metals Ltd. is pleased to announce that it has negotiated a two-year extension to its two-stage earn-in with Stria Lithium Inc. for the Pontax Lithium Project in James Bay, Quebec . In July 2023, Cygnus announced that it had earned 51 per cent of Pontax under the first stage of the earn-in by spending C$4 million on the project and issuing 9,129,825 fully paid ordinary shares in Cygnus to Stria. As a demonstration [...]
HIGHLIGHTS: Cygnus' strategy to create shareholder value by growing the overall Chibougamau Resources and upgrading more tonnes to Indicated category is delivering strong results Recent infill drilling results at the Corner Bay deposit have reconciled positively with the model. Significant intersections include: 7.3m @ 3.1% CuEq from 492.2m , Including 3.3m @ 5.6% CuEq Corner Bay, which is the primary deposit at [...]
Cygnus Metals Ltd.[/wp] is pleased to announce that its common shares have qualified to trade on the OTCQB® Venture Market and will commence trading today under the symbol "CYGGF". The common shares of the Company will continue to trade on the ASX and TSX Venture Exchange. Cygnus Executive Chair David Southam said: "Given the strong outlook for copper, it is an ideal time to trade on the OTCQB. This will help to make the [...]
Investment will contribute towards feasibility work for key infrastructure between the mines and the Chibougamau Processing Facility HIGHLIGHTS: Cygnus has received conditional approval form the Critical Minerals Infrastructure Fund for up to a C$1.3 million investment to complete pre-construction milestones Funding pending final due diligence by Natural Resources Canada and the execution of a definitive contribution [...]
Cygnus Metals Ltd. refers to its announcement titled "Cygnus increases highly prospective, under-explored ground position by 50%" released to ASX on 9 January 2025 and its announcement titled "Cygnus' first drill hole returns up to 9.1% Cu outside Resource" released to ASX on 23 January 2025 . Clarifications regarding First Announcement In discussions with the Company subsequent to the release of the First Announcement [...]
The outstanding intersection of 7.3m at 4.2% Cu reveals a potential new lode ~250m from the main deposit; Follow-up downhole EM identifies a large off-hole conductor; Two diamond drill rigs currently on site HIGHLIGHTS: High-grade result of 7.3m @ 4.2% Cu, 0.3g/t Au & 16.6g/t Ag from 317.8m Including 2.5m @ 9.1% Cu, 0.5g/t Au & 31.4g/t Ag The result reveals a potential new lode ~250m from Corner Bay, which is the primary [...]
Cygnus has secured additional ground next to its Chibougamau Copper-Gold Project, increasing its total land holding to 282km2 The newly staked areas add to a highly prospective land position which has seen limited modern exploration in the past 20 years 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% CuEq1 The Chibougamau [...]
Cygnus Metals and TSXV-listed Doré have 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 Merger of equals has created a dual-listed Quebec-focused critical minerals company with two core assets in Quebec: the Chibougamau Copper and Gold Project, and the James Bay Lithium Projects The merged entity has more than A$14m in [...]
Doré Copper is pleased to announce that, at the special meeting of shareholders of Doré Copper held earlier today, Doré Copper Shareholders overwhelmingly voted in favour of approving the special resolution authorizing the previously announced plan of arrangement whereby Cygnus Metals, through its wholly-owned subsidiary, 1505901 B.C. Ltd., will acquire all of the issued and outstanding common shares in the capital of [...]
Doré Copper Mining is pleased to announce, further to its news release dated Oct 15, an update on the definitive arrangement agreement with Cygnus Metals pursuant to which Cygnus has agreed to acquire 100% of the issued and outstanding common shares of Doré Copper by way of a court approved plan of arrangement under the Canada Business Corporation Act. A key obligation in the Agreement has been met with Cygnus having [...]
Doré Copper is pleased to announce that it has entered into a definitive arrangement agreement on October 14, 2024 with Cygnus Metals to combine their respective businesses in a merger of equals transaction, pursuant to which Cygnus has agreed to acquire 100% of the issued and outstanding common shares of Doré Copper by way of a court approved plan of arrangement under the Canada Business Corporation Act. This Transaction [...]
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