• Transformational A$80 million capital raise to fund Phase 1 Cathode Project restart at Nifty Copper Complex
• Cyprium fully funded to execute the Phase 1 Cathode Project, strengthen balance sheet, and maintain asset base
• Continued progress payments on surplus generator sale, with final payment expected in early-November

Cyprium Metals Limited (ASX: CYM) has reported its quarterly activities for the period ended 30 September 2025. The key highlights include:- Transformational A$80 million capital raise via Placement and Entitlement Offer to fund the Phase 1 Cathode Project restart at the Nifty Copper Complex. The capital raise was completed post quarter-end and has fully funded Cyprium to execute the Phase 1 Cathode Project, materially strengthen the balance sheet, complete the feasibility study for the Concentrate Project, and maintain the Company's extensive asset base in the Paterson Province.- Continued progress payments on surplus generator sale, with an additional US$2.4 million received in the September Quarter. The final payment of US$1.2 million is expected in early-November as certain milestones are met.- Director Appointments announced post quarter-end, with Jim Simpson and Amber Banfield joining the Board (subject to election at the late-November AGM), while Ross Bhappu will retire.- 1-for-10 Share Consolidation approved by shareholders post quarter-end.- Strong cash position, with A$24.5 million cash at quarter-end and a further A$62.8 million received post quarter-end from the completed capital raise.

In the December Quarter, Cyprium will focus on delivering the phase one Cathode Project restart, completing early works and long lead items, continuing work on the restart of the open pit, completing the strategic review of the Paterson Exploration Project, maximising capital market engagement around the Cathode Project restart, and completing the generator sale.