Cygnus Metals Limited and Doré Copper Mining Corp. announced the completion of their merger, resulting in the creation of a critical minerals exploration and development company to be dual listed on the Australian Securities Exchange (“ASX”) and the TSX Venture Exchange (“TSXV”), and expected to be quoted on the OTCQB. This merger establishes Cygnus as a leading player in the critical minerals sector, with a strategic focus on high-grade copper and lithium assets in Quebec, Canada.

Cygnus has engaged Canaccord Genuity as financial advisor, Hamilton Locke as Australian legal advisor and Osler, Hoskin & Harcourt LLP as Canadian legal advisor in relation to the transaction.

Canaccord Genuity and Euroz Hartleys are acting as joint lead managers to the placement.

Paradigm Capital acted as the fairness opinion provider to the special committee of Doré Copper. Doré Copper has engaged Bennett Jones LLP as Canadian legal advisor and Thomson Geer as Australian legal advisor in relation to the transaction.