From small,,,caps website: Cyprium Metals partners with Glencore...

From small,,,caps website:
Cyprium Metals partners with Glencore to revive Nifty copper project in WA

In a major breakthrough, Cyprium has entered into a commercial strategic partnership with Glencore International to accelerate the resumption of copper production at Nifty

Earnings certainty

“This commercial partnership gives us certainty of revenue during the crucial startup phases of Nifty’s two processing plants, removes uncertainty in sourcing a key input into cathode production and aligns with creating and maintaining a strong Australian job base in the ultimate critical mineral, copper.”
The agreement includes the potential sale of Nifty-generated cathode products, with off-spec cathode materials to be supplied to Glencore’s refinery in Townsville, Queensland.
The parties have also executed a concentrate offtake term sheet for the sale of 100% of the copper concentrate production from the new surface mine at Nifty to be supplied to Glencore’s Mt Isa smelter.

Cyprium Metals (ASX: CYM) has attracted one of the world’s largest globally-diversified natural resource companies to help resurrect its Nifty copper project.
In a major breakthrough, Cyprium has entered into a commercial strategic partnership with Glencore International to accelerate the resumption of copper production at Nifty.
The Nifty complex is located near Port Hedland in Western Australia.
Earnings certainty

According to Cyprium executive chair Matt Fifield, the strategic partnership focuses on four areas related to the resumption of copper production at Nifty: cathode offtake, sulphuric acid supply, concentrate sales and technical support.
“Glencore is a great strategic partner for us,” Mr Fifield said.
“This commercial partnership gives us certainty of revenue during the crucial startup phases of Nifty’s two processing plants, removes uncertainty in sourcing a key input into cathode production and aligns with creating and maintaining a strong Australian job base in the ultimate critical mineral, copper.”
The agreement includes the potential sale of Nifty-generated cathode products, with off-spec cathode materials to be supplied to Glencore’s refinery in Townsville, Queensland.
The parties have also executed a concentrate offtake term sheet for the sale of 100% of the copper concentrate production from the new surface mine at Nifty to be supplied to Glencore’s Mt Isa smelter.
Concentrate start-up

Copper products from Nifty’s two processing plants will be purchased by Glencore, importantly including off-spec materials that are frequently produced during a startup period.
Cyprium’s sale contract for copper concentrate would run from 2026, the earliest likely date that Nifty might produce concentrate.
Terms are also at market price with optionality around delivery points through the life of the contract.
New surface mine

“With this relationship now in place, Cyprium will accelerate plans for constructing a new surface mine at Nifty to produce concentrate at scale for Glencore,” Mr Fifield said.
“Extending today’s low [treatment and refining charges] to tomorrow’s sales is a clear commercial win for Cyprium and its shareholders.”
“More importantly, it is also a win for both WA mining jobs and Queensland processing jobs.”
“This partnership delivers transparent pricing and access to global markets with a leading partner, de-risks the restart and allows our Cyprium team to remain intensely focused on planning and execution.”
A Glencore spokesperson said the company had been following Cyprium’s growing capabilities.
“We are pleased to support the phased approach to redeveloping Nifty through this strategic commercial relationship.”