Proactive

Written by Lisa Uhlman

A stronger offshore lead is giving small caps some breathing room after Wednesday’s sharp sell-off, with ASX futures pointing to a solid rebound at the open. With volatility still tied to Middle East headlines and energy markets, junior explorers and developers remain highly sentiment-driven — but today’s announcements show several companies pushing ahead with drilling, testing and technology milestones.

Cyprium Metals

Cyprium Metals Ltd (ASX:CYM, OTCQB:CYPMF) has completed a fully underwritten entitlement offer raising about $5 million to support development of the Nifty Copper Complex in Western Australia.

The offer attracted 281 shareholders, with some applying for additional shares through the top-up facility, while the remaining shortfall was taken up by a sub-underwriter.

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