Cyprium Metals (ASX:CYM) said it remains well-funded to progress all of its key work streams with a cash position of AU$68.5 million at the end of the June quarter, according to a Friday filing with the Australian bourse.
The company ended the March quarter with cash of AU$96.5 million, a previous filing showed.
During the June quarter, Cyprium made material advancements to its phase one Copper Cathode restart, with site infrastructure work packages nearing completion. The company said it targeting the start of copper cathode production in the current quarter.
Shares of Cyprium Metals rose 5% in recent Friday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments