Central Asia Metals

Shareholders of Central Asia Metals voted in favour of a resolution authorising the board to issue new shares for the takeover of Cygnus via a scheme of arrangement under Australian law. The transaction expands the portfolio with the Chibougamau copper‑gold project in Québec; Bell Potter will assist Cygnus shareholders with AIM trade settlements after completion. Central Asia Metals operates Kounrad in Kazakhstan and Sasa in North Macedonia and holds stakes in CAML Exploration and Aberdeen Minerals. » Mere på de.investing.com

Central Asia Metals posted strong first-half 2026 results: revenue rose 46% to $145.5m, EBITDA increased 89% to $75.5m, and adjusted free cash flow climbed 189% to $46.8m. The company announced an interim dividend of 8 pence, reported cash reserves of $97.2m and only minimal debt. Production improved at Kounrad and Sasa, and management says 2026 targets remain achievable. The shares jumped in pre-market trading, and Central Asia Metals plans to acquire Cygnus Metals in an all-share deal, with the transaction targeted to close in October 2026. » Mere på de.investing.com

Central Asia Metals has published the circular on the proposed takeover of Cygnus Metals and convened an extraordinary general meeting for 4 September 2026 to approve the issue of new CAML shares for the acquisition. Cygnus has lodged the Scheme Booklet with the ASX; under the terms shareholders would receive 0.06 new CAML shares for each Cygnus share. The takeover is structured as a court‑approved scheme of arrangement under Australian law; shareholder approvals and court approval are planned for September 2026, with a target completion date of 5 October 2026. » Mere på de.investing.com