Cyprium Metals Extends Completion Date for Sale of Surplus Generators

MT Newswires Live

2025/07/01

Cyprium Metals (ASX:CYM) agreed to extend the completion date on the sale of its surplus TM-2500 generators into the third quarter and amended the buyer from USP&E North America to include USP&E client Mobile Power Solutions, according to a Tuesday Australian bourse filing.

It received an incremental payment of $1.6 million, bringing the total payments received to $2.8 million. The total remaining payments of $3.2 million are expected in the third quarter.

The firm's chairman, Matt Fifield, said the deal took longer due to the new tariff and international trade environment.

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