Cyprium locks in $5m entitlement offer as part of $41m Nifty growth raising

Core Viewpoint - Cyprium Metals Ltd is raising approximately A$5 million through a non-renounceable entitlement offer to support the phased restart of the Nifty Copper Complex in Western Australia, with strong participation from shareholders [1][2][5]. Group 1: Capital Raising Details - The company received applications for 4,587,600 new shares at a price of A$0.52 per share under the entitlement offer [1]. - The capital raising is fully underwritten and was initially announced on January 23, 2026 [1]. - A total of 281 shareholders participated, with 31% subscribing for shares above their entitlement [2]. Group 2: Shareholder Participation - Applications included 1,606,517 shares sought through the Top-Up Facility, allowing eligible shareholders to apply for additional stock at the offer price [2]. - The balance of 5,125,550 unallocated shares will be issued to the sub-underwriter as per the offer booklet [3]. Group 3: Use of Proceeds - The proceeds from the A$5 million entitlement offer will be used to accelerate exploration across the Paterson and Murchison portfolios and to fund studies and early works aimed at expanding Nifty's production capacity [6]. - This entitlement offer is part of a larger A$41 million equity raising aimed at fast-tracking regional exploration and production growth at the Nifty Copper Complex, targeting first cathode production in mid-2026 [5][6]. Group 4: Upcoming Events - The new shares are scheduled to be issued on Friday, March 6, 2026, with an Appendix 2A to be lodged following the issue [4].