Central Asia Metals - Court approval for the Cygnus Transaction

Peel Hunt

14/10/2026 10:48

		
		
		
		
		
	
	
RNS Number : 9593Y
  
Central Asia Metals PLC
  
14 October 2026
  
 

		

			

				

			
			

				14 October 2026
			
			

				Central Asia Metals PLC
			
			

				(the ‘Company’ or ‘CAML’)
			
			

				Court approval for the Cygnus Transaction
			
			

				Central Asia Metals PLC (AIM: CAML) is pleased to announce that it has been informed by Cygnus Metals Limited (ASX:CY5, TSXV: CYG, OTCQB: CYGGF) (‘Cygnus’) that the Australian Scheme of Arrangement (the ‘Scheme’) as announced on 2 June 2026 (the ‘Cygnus Transaction’) has been approved by the Supreme Court of Western Australia (the ‘Court’). Under the Scheme, CAML will acquire 100% of Cygnus in an all-share transaction.
			
			

				Cygnus has further informed CAML that it intends to lodge an office copy of the Court’s orders with the Australian Securities and Investments Commission on 15 October 2026, at which date the Scheme will become effective. Subject to the Scheme becoming effective, shareholders in Cygnus will receive the Scheme Consideration to which they are entitled on the Implementation Date of 27 October 2026. 
			
			

				Gavin Ferrar, Chief Executive Officer of CAML, commented:
			
			

				“We are delighted to reach this important milestone in the Cygnus Transaction, which marks the final hurdle before we add Cygnus’ Chibougamau copper-gold project in Québec to our portfolio. CAML will thus represent a compelling combination of profitable production, development potential and exploration upside, with its shares trading on both the AIM market of the London Stock Exchange and the Toronto Stock Exchange. 
			
			

				“The CAML team is excited to begin work on the Chibougamau project, building on the foundations created by Cygnus, and to further developing the important relationships with key stakeholders, including the Oujé-Bougoumou Cree Nation, the City of Chibougamau and the Government of Québec. We also look forward to welcoming Cygnus shareholders as new shareholders in CAML in the coming weeks.”
			
			

				Market abuse regulations
			
			

				This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
			
			

				For further information contact:
			
			

				

					

						

							Central Asia Metals
						
					
					

						

							Tel: +44 (0) 20 7898 9001
						
					
				
				

					

						

							Gavin Ferrar
						
					
					

						

							 
						
					
				
				

					

						

							CEO
						
					
					

						

							 
						
					
				
				

					

						

							Louise Wrathall
						
					
					

						

							 
						
					
				
				

					

						

							CFO
						
					
					

						

							 
						
					
				
				

					

						

							Richard Morgan
						
					
					

						

							richard.morgan@centralasiametals.com
						
					
				
				

					

						

							Investor Relations Manager
						
					
					

						

							 
						
					
				
				

					

						

							Peel Hunt (Nominated Adviser and joint broker)
						
					
					

						

							Tel: +44 (0) 20 7418 8900
						
					
				
				

					

						

							Ross Allister
						
					
					

						

							 
						
					
				
				

					

						

							David McKeown
						
					
					

						

							 
						
					
				
				

					

						

							Emily Bhasin
						
					
					

						

							 
						
					
				
				

					

						

							BMO Capital Markets (joint broker)
						
					
					

						

							Tel: +44 (0) 20 7236 1010
						
					
				
				

					

						

							Thomas Rider
						
					
					

						

							 
						
					
				
				

					

						

							Pascal Lussier Duquette
						
					
					

						

							 
						
					
				
				

					

						

							BlytheRay (PR advisers)
						
					
					

						

							Tel: +44 (0) 20 7138 3204
						
					
				
				

					

						

							Megan Ray
						
					
					

						

							

								

									

										CentralAsiaMetals@BlytheRay.com
									
								
							
						
						

						
					
				
				

					

						

							Rachael Brooks
						
					
					

						

							 
						
					
				
			
			

				Note to editors:
			
			

				Central Asia Metals, an AIM-quoted UK company based in London, owns 100% of the Kounrad SX-EW copper operation in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia. The Company also owns an 80% interest in CAML Exploration and 100% in CAML XD, two subsidiaries formed to progress early-stage exploration opportunities in Kazakhstan, and a 38.9% interest in Aberdeen Minerals Ltd, a privately-owned UK company focused on the exploration and development of base metals opportunities in northeast Scotland. 
			
			

				For further information, please visit www.centralasiametals.com and follow CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc
			
			

				 
			
			

				

			
		
	
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