Harrison Massey, Argonaut
BUY RECOMMENDATIONS
BUY – Cygnus Metals (CY5)
Cygnus recently merged with Canadian-listed copper explorer Dore to form a copper-lithium company with assets in Quebec. The merger includes Dore’s ownership of the Chibougamau copper-gold project, which contains a copper equivalent resource of 10.8 million tonnes at 3.5 per cent. The asset has a large processing facility and contains the only milling infrastructure in a 250 kilometre radius. CY5’s first step out drill hole returned up to 9.1 per cent copper, and there’s significant exploration upside left from here. The shares have risen from 4.3 cents on July 10, 2024, to trade at 12 cents on February 6, 2025.
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