Cyprium Metals joins forces with Glencore to spearhead Nifty copper production

Proactive - Interviews for investors

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) executive chair Matt Fifield is back in the Proactive studio to discuss a pivotal partnership with mining giant Glencore, set to resurrect production at the Nifty copper complex in Western Australia. The milestone collaboration, which includes a cathode offtake term sheet, aims to ensure transparent pricing and access to global markets, mitigating risks for Cyprium and allowing the company to focus on executing its copper strategy. What’s more, Fifield explains the contract provides revenue certainty during Nifty's initial phases and includes provisions for accepting off-spec cathode materials at Glencore’s Townsville refinery. In addition, Cyprium has flagged it will enter a sulphuric acid supply agreement with Glencore. One significant feature of the partnership is a A$20 million prepayment/working capital facility on copper production, pending final agreements. Furthermore, Cyprium and Glencore have agreed on a concentrate offtake term sheet for 100% of copper concentrate from Nifty's new surface mine, starting from 2026. Glencore will make efforts to deliver Nifty concentrates to its Mt Isa Smelter and provide technical support to Cyprium. The partnership also includes low treatment and refining charges, an option for Cyprium to purchase sulphuric acid and technical support from Glencore Technology. The Cyprium board has approved the partnership, with binding agreements anticipated shortly. #ProactiveInvestors #CypriumMetals, #ASX #CYM #Glencore, #NiftyCopper, #CopperProduction, #MiningPartnership, #WesternAustralia, #CopperMarket, #CathodeOfftake, #SulphuricAcidSupply, #WorkingCapitalFacility, #CopperConcentrate, #MtIsaSmelter, #TechnicalSupport Cyprium Metals partners with Glencore #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews