Cygnus raises $18.3m to accelerate resource growth and mining studies

TORONTO and PERTH, Australia, June 19, 2025 (GLOBE NEWSWIRE) --

Highlights

Cygnus Metals Limited (ASX:CY5) is pleased to advise that it has received commitments from institutional and sophisticated investors to raise A$18.3 million (before costs) through the issue of 212,790,697 fully paid ordinary shares in the Company (“Shares”) at an issue price of A$0.086 per Share (“Placement”). Pro-forma cash at bank at 30 June 2025 is forecast to be approximately A$23.7m (before Placement costs).

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