• US$27.3 million senior secured loan facility refinanced with Nebari
• Loan maturity extended to December 2029
• Ability to pay down outstanding principal and redraw until December 2027
• Flexibility to manage debt during construction period

Cyprium Metals Limited (ASX: CYM) has entered into a binding term sheet with Nebari Natural Resources Credit Fund II LP (Nebari) to refinance its existing US$27.3 million senior secured loan facility. The company will repay its existing senior secured loan with Glencore Australia Holdings Pty Limited and draw on a new senior secured loan with Nebari (Nebari Facility). The key terms of the Nebari Facility include a loan maturity extension to December 2029, the ability to pay down outstanding principal and redraw until December 2027, and flexibility to manage the balance sheet as Cyprium invests in restarting cathode production at the Nifty Copper Complex. Cyprium's Executive Chairman, Matt Fifield, commented that the new facility allows the company to manage its balance sheet while retaining additional liquidity during the Nifty restart. Nebari's founders, Dan Freuman and Clark Gillam, expressed their interest in continuing to work with Cyprium as the company brings the Nifty Copper Complex back online. Beyond the refinance, the parties have entered into preliminary discussions for accelerated funding around the next phase of development at Nifty, which would involve expanding production through open-pit mining.