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Central Asia Metals plc an LSE AIM listed, diversified base metals producer focused on copper, zinc and lead. It operates two main assets:

• Kounrad, Kazakhstan – 100%-owned copper recovery operation using solvent extraction/electrowinning. It is a particularly attractive, relatively low-cost operation because it recovers copper from historic mine waste rather than conventional mining.
• Sasa, North Macedonia – 100%-owned underground zinc and lead mine, with production also generating silver. The mine has an expected life to around 2034.

Cygnus Metals Limited is an ASX listed critical minerals exploration and development company focused primarily on copper, gold and lithium assets in Canada.

Its flagship asset is the Chibougamau Copper-Gold Project in Quebec, which is now the company’s main focus with a strategy to expand the resource through aggressive drilling and ultimately develop a hub-and-spoke mining operation using a central processing facility.

The Company’s other assets include lithium projects in Quebec’s James Bay region, plus rare-earth and base-metal projects in Western Australia.

On 2 June 2026, Central Asia Metals and Cygnus Metals Limited announced that they had entered into a definitive Scheme Implementation Deed under which CAML had agreed to acquire 100% of the fully paid ordinary shares in Cygnus. The transaction will be implemented by way of an Australian Court-approved scheme of arrangement pursuant to Part 5.1 of Australia’s Corporations Act 2001.

Publication of circular

The acquisition is subject to Central Asia Metals shareholder approval, and the Perivan shareholder was delighted to work with Fieldfisher who acted as legal advisor on the circular and associated proxy voting documents which were successfully produced and posted to qualifying shareholders on 14 August 2026.

For further information, click here.

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.