• Approved Phase 1 Cathode Restart, with first cathode production anticipated in mid-2026
• Completed transformational A$80 million capital raise via Placement and Entitlement Offer
• Improved balance sheet flexibility through refinancing of senior secured loan facility

Cyprium Metals Limited (ASX: CYM), a copper developer focused on the phased restart of the Nifty Copper Complex in Western Australia, has reported on its quarterly activities for the period ended 31 December 2025. Key highlights include the approval of the Phase 1 Cathode Restart, with first cathode production anticipated in mid-2026, the completion of a transformational A$80 million capital raise via a Placement and Entitlement Offer, and the improvement of the company's balance sheet flexibility through the refinancing of its senior secured loan facility. The company also appointed two new Non-Executive Directors, Jim Simpson and Amber Banfield, to its Board, and completed a 1-for-10 Share Consolidation following shareholder approval at the Company's Annual General Meeting in October 2025. Additionally, Cyprium received the final payment of US$1.2 million (~A$1.8 million) for the sale of surplus generators, completing the sale with total payments of US$6.4 million (A$9.8 million). The company ended the quarter with a strong cash position of A$75.0 million.

Cyprium is well-positioned to bring Nifty's cathode operations online to generate meaningful cash flow and further consolidate the Company's balance sheet.

In the March 2026 Quarter, Cyprium will focus on the delivery of the phase one Cathode Project restart, continued work on the restart of the open pit, continued assessment of legacy exploration data and progression of high-value exploration, and maximising capital market engagement around the Cathode Project restart.