Cyprium sewing up Nifty deal

CYPRIUM Metals is raising A$90 million to acquire Metal X’s copper assets in northern Western Australia and deliver near-term copper production.

 Cyprium sewing up Nifty deal  Cyprium sewing up Nifty deal  Cyprium sewing up Nifty deal  Cyprium sewing up Nifty deal  Cyprium sewing up Nifty deal

Cyprium sees no shortage of blue sky within the Nifty and Maroochydore copper assets in northern Western Australia

Cyprium will pay Metals X an initial $24 million and replace $6.5 million of financial assurances relating to Nifty.

It will also issue it with $36 million of convertible notes.