Cygnus Metals Ltd
Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia.
The business
Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. It focuses on advancing its Chibougamau Copper-Gold Project in Quebec and James Bay Lithium Projects. In addition, the Company has lithium assets with exploration in the James Bay district in Quebec, and rare earth elements and base metal projects in Western Australia. Its other projects include Pontax Project, Auclair Project, Sakami Project, and Australian Projects. The Pontax Lithium Project is situated within the prolific lithium province of James Bay in Northern Quebec, Canada. The Auclair Project is a large 417 square kilometer landholding located just 60 kilometers (km) north-east of the Whabouchi lithium mine. The Sakami Project is a significant landholding of 118 square kilometers covering the highly prospective La Grande greenstone belt. The property is located just 44 kilometers west of Patriot Battery Metals Corvette deposit.
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Latest news
Cygnus Metals Backs $232m Takeover Proposal from Central Asia Metals
Cygnus Metals board backs $232m Central Asia Metals takeover via all-scrip scheme, a 60% premium; 0.06 CAML per CY5 share, directors back the scheme.
Cygnus Metals Delivers Major Resource Upgrade at Chibougamau Copper-Gold Project
Cygnus Metals (ASX: CY5) has delivered a significant resource increase at its Chibougamau copper-gold project in Quebec, lifting measured and indicated resources by 78%. The new mineral resource estimate incorporates a maiden figure for the Golden Eye deposit alongside expanded inventories at Corner Bay, Cedar Bay, Devlin and Joe Mann. Executive chair David Southam said […]
Cygnus Metals and Doré plan merger to unlock Canadian copper-lithium-gold assets
Australia’s Cygnus Metals (ASX: CY5) has revealed plans to merge with Doré Copper Mining to develop the two companies’ significant Canadian copper, lithium and gold portfolio. The companies have agreed to merge by way of a Canadian statutory plan of arrangement, pursuant to which Cygnus will acquire 100% of the issued and outstanding common shares […]
Cygnus Metals unveils maiden 10.1Mt lithium resource at Pontax
Just over a year after acquiring the game-changing asset, Cygnus Metals (ASX: CY5) has released an impressive maiden inferred mineral resource estimate of 10.1 million tonnes at 1.04% lithium oxide (Li2O) for its Pontax project in James Bay, Canada. On July 29, 2022, Cygnus announced that it had entered into a binding agreement for an […]
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