Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Top 5 moments from Charlie Kirk’s memorial service...
Trump set to approve TikTok deal ensuring majority-American...
Harris is speaking. This time, she isn’t bending...
Hamas letter to Trump asks for 60-day ceasefire...
Trump must make UN funding conditional on real...
Democrats skip Charlie Kirk Arizona memorial after 58...
‘Due to overhelming support:’ Turning Point USA says...
Thune slams Democrats’ ‘cold-blooded partisan’ tactics as funding...
Macron stakes anti-Trump global role with Gaza initiative...
Trump assassination attempt suspect Ryan Routh questions first...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Cygnus Metals and Doré Copper Complete Merger, Plan 2025 Drill Program at Chibougamau

by admin January 4, 2025
January 4, 2025
Cygnus Metals and Doré Copper Complete Merger, Plan 2025 Drill Program at Chibougamau

Cygnus Metals and Doré Copper Mining said on Wednesday (January 1) that they have completed their merger.

The combined entity will be a critical minerals explorer and developer with two core assets in Québec, Canada.

Cygnus acquired all of the issued and outstanding common shares of Doré on Tuesday (December 31) through a Canadian statutory plan of arrangement, finalizing the deal. Cygnus shares are listed on the ASX under the symbol CY5, and are expected to start trading on the TSXV under the symbol CYG on or about Friday (January 3).

The company has also applied to list on the OTCQB under the ticker symbol CYGGF.

The merger of equals between Cygnus and Doré was announced this past October, with the companies emphasizing at the time that the deal would create value for shareholders on both sides. Under the agreement, each former Doré shareholder will receive 1.8297 Cygnus shares for each share they held before the transaction was finalised.

‘By combining the proven exploration and management skills of the Cygnus team with the high-grade resource and immense upside at the Chibougamau Copper-Gold Project, we have the potential to unlock substantial value,’ Cygnus Executive Chair David Southam said at the time, adding that plans for ‘aggressive exploration’ were in the works.

The new company’s two main assets are the Chibougamau copper-gold project and the James Bay lithium project.

Chibougamau currently has a measured and indicated resource of 3.6 million metric tons at 3 percent copper equivalent, and an inferred resource of 7.2 million metric tons at 3.8 percent copper equivalent.

James Bay’s Pontax project holds a resource of 10.1 million metric tons at 1.04 percent lithium oxide.

Doré brought the Chibougamau asset to the table, and in Wednesday’s release former President and CEO Ernest Mast said the Cygnus team has the ability to maximize the value of the project.

“This merger will provide the funding, additional expertise and the strategy aimed at generating superior shareholder returns with an exciting exploration program at Chibougamau,” he noted.

Southam will now act as executive chair of the new company, while Mast will hold the position of president and managing director in Canada. The board will also have two non-executive directors from each of the merged companies.

Cygnus said that results from a pre-Christmas drill program at Chibougamau are expected to be released early this quarter. Following on from that, the company will begin a drilling and geophysics program at the site.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents
next post
Zodiac Gold Announces Closing of First Tranche of Non-Brokered Private Placement

You may also like

Blackstone Completes Share Purchase Plan

July 28, 2025

Tech 5: Softbank to Invest US$2 Billion in...

August 24, 2025

PDAC Urges Long-term METC Extension Ahead of 2025...

April 3, 2025

6 Mining and Energy Stocks Make Top 10...

February 22, 2025

Alrosa to Cut Production and Staff to Counter...

November 25, 2024

Cannabis Crossroads: Record US Demand Meets Federal Gridlock

September 19, 2025

Triumph Gold Discovers a New Silver and Gold...

May 12, 2025

Gold Price Update: Q2 2025 in Review

July 15, 2025

SEC Sues Elon Musk for Delay in Twitter...

January 16, 2025

XReality Group

September 12, 2024

Recent Posts

  • Top 5 moments from Charlie Kirk’s memorial service in Arizona
  • Trump set to approve TikTok deal ensuring majority-American investor control: White House
  • Harris is speaking. This time, she isn’t bending to Biden’s bullies
  • Hamas letter to Trump asks for 60-day ceasefire deal to release half of hostages, sources say
  • Trump must make UN funding conditional on real reforms, ex-diplomat urges

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (927)
    • Investing (3,032)
    • Politics (3,709)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.