Base Metals

Construction Underway at New Teck Emergency Department - Ushering in a New Era for Royal Inland Hospital

Royal Inland Hospital Foundation and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") are joining today to celebrate the beginning of construction of the new Teck Emergency Department at Royal Inland Hospital (RIH). Teck contributed $2.5 million towards the hospital's new emergency department which will feature the installation of innovative antimicrobial copper surfaces and equipment to help protect patients and health care workers.

The Teck Emergency Department ushers in a new era for RIH, with renovations scheduled to be complete in 2026. When finished, the department will offer expanded care and enhanced patient outcomes in one of the busiest emergency/trauma centres in British Columbia's interior region. The facility upgrades will result in reduced wait times for access to treatment for people when they need it most. Teck's donation will also facilitate innovation within the department, including antimicrobial copper surfaces and equipment that reduce the spread of infectious disease.

Copper has unique antimicrobial properties and is proven effective in eliminating up to 99.9 per cent of harmful bacteria within two hours of contact. When installed in high-touch, high-traffic locations, copper can help reduce the spread of infectious disease. Research has shown that every year patients in Canada contract infections in health-care settings and copper's antimicrobial properties are a proven tool to help minimize this risk.

This donation builds on more than 25 years of support to Royal Inland Hospital Foundation by Teck and its employees at Teck Highland Valley Copper Operations. This contribution is also part of a series of contributions to install antimicrobial copper surfaces in numerous institutions across B.C. such as Thompson Rivers University, British Columbia Institute of Technology (BCIT), Science World, Vancouver Airport (YVR), Lions Gate Hospital, St. Paul's Hospital, Vancouver General Hospital and Kootenay Boundary Regional Hospital.

Quotes:
Don Lindsay, Executive Vice Chair, Teck –
"Teck is proud to support better health outcomes at Royal Inland Hospital through our contribution to the new Teck Emergency Department. The installation of antimicrobial copper surfaces will enhance safety for patients, health care workers, and visitors in this new state of the art department."

Matt Parrilla, General Manager, Teck Highland Valley Copper Operations -
"Our employees at Highland Valley Copper Operations value the care that the staff at Royal Inland Hospital provides for the interior of British Columbia. We live and work in this community and are proud that we have supported the Royal Inland Hospital Foundation for more than 25 years."

Dr. Alan Vukusic, Emergency Department Physician and Redevelopment Lead, Royal Inland Hospital -
"We are grateful for partners like Teck whose support ensures that Royal Inland Hospital's Emergency Department is equipped with the latest innovations in infection prevention and designed with improved efficiency, comfort and safety in mind. This new Teck Emergency Department will set the standard of quality care for our region."

Heidi Coleman, CEO, Royal Inland Hospital Foundation –
"Teck's $2.5 million contribution to the new Teck Emergency Department will allow the doctors and the nurses to better serve patients in our region. It is going to transform the way we do medicine in the emergency department. I want to say a heartfelt thank you to Teck and Highland Valley Copper for this wonderful gift. They are our friends, our family, and an important part of our community."

Diane Shendruk, Vice President Clinical Operations, Interior Health North
" Interior Health deeply appreciates Teck's generous contribution and partnership on this innovative project that will provide better health care for patients and a modernized workspace for our hard-working, health care teams. This is an exciting time for Royal Inland Hospital and we are thrilled to join with the RIH Foundation today in honouring Teck's support for the growth of this facility."

Media Downloads : click here

About Teck's Copper & Health Program
Through its Copper & Health program, Teck has funded numerous initiatives across a range of industries and public facilities to help improve health and safety in high-traffic, high-touch areas through the installation of antimicrobial copper. Teck's Copper & Health program has installed copper surfaces in a number of health-care facilities, including Vancouver General Hospital and St. Paul's Hospital, on public transit in partnership with TransLink and Toronto Transit Commission, in attractions including Science World and Royal Ontario Museum, and in schools through partnerships with BCIT, SFU and UBC. There is no commercial benefit to Teck from the increased use of antimicrobial copper as the amount of metal needed is very small; the goal of the program is to improve health and safety for communities.

For more information about the role of antimicrobial copper, the Copper & Health program, and other examples of copper in action, please visit www.coppersaveslives.com .

About RIH Foundation
Royal Inland Hospital (RIH) Foundation was incorporated in 1983. Its mission is to inspire donors to give and to build a meaningful relationship to support the hospital and the community's health care needs. The Foundation supports this mission through a variety of community fundraising activities, including special events, legacy giving and charitable gifts from individuals, corporations and other charitable funding partners. Located in Kamloops, RIH is the only tertiary acute care hospital in the Thompson Cariboo Shuswap area, providing high-level, specialty medical care. It serves as a catchment area for more than 250,000 British Columbians. RIH is also an important training centre, including nursing students from Thompson Rivers University, pharmacy residents and medical students from the University of British Columbia.

About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .

Teck Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

Royal Inland Hospital Foundation Media Contact:
Marisa Bertoli
Marketing & Communications Specialist
250-819-9363
Marisa.Bertoli@interiorhealth.ca


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Cyprium Metals

Cyprium Metals Update

Cyprium Metals Limited (ASX: CYM) (“CYM”, “Cyprium” or “the Company”) provides the following update in relation to its funding requirements and the commencement of a strategic review.

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Cyprium Metals Ltd Update on Funding Requirements and the Commencement of a Strategic Review

Perth, Australia (ABN Newswire) - Cyprium Metals Limited (ASX:CYM) provides the following update in relation to its funding requirements and the commencement of a strategic review.

Secured Loan Deed

As outlined in the Company's 23 February 2023 ASX Announcement, the Company was unable to secure senior debt financing for the Nifty Copper Project Restart on commercially attractive terms and as a result, the previously announced $35 million equity raise was not completed.

As a result, Cyprium has entered into a Secured Loan Deed ("Loan Deed") with Avior Asset Management No. 2 Pty Ltd ("the Investor").

The proceeds from the Loan Deed will be used for the upcoming interest payment on the Company's existing unsecured $36 million Convertible Notes and for working capital purposes whilst the Company undertakes a strategic review on all assets in the company.

Key terms of the Loan Deed facility:

- Facility amount: $6 million

- Facility term: 6 months from first drawdown

- Interest rate: Commercial rates of financing charges, capitalised over the Facility term

- Loan conversion: A minimum of $0.8 million will be converted into CYM shares

- Share issue price: 20% discount to the Issue price of the next capital raising ("NCR")

- Loan repayment: Balance after Loan conversion is repayable following issue of shares under NCR

- Director: Investor has the right to appoint a nominee Director to the CYM Board

Management Comment

Cyprium Managing Director, Barry Cahill, commented:

"Copper market fundamentals combined with Cyprium's quality portfolio of more than 1.6Mt of contained copper at Nifty, Maroochydore and the Murchison, including significant infrastructure, as well as the xtensive Paterson Exploration JV with IGO in the highly prospective Paterson Province presents a highly attractive portfolio in an environment where battery metals are in strong demand.

The board is committed to preserving the value of the Company's assets as a priority whilst the strategic review is undertaken."

Strategic Review

Cyprium owns a high-quality portfolio of West Australian copper development opportunities with a total of +1.6Mt2 of contained copper in JORC 2012 Mineral Resources ("MRE") across its projects, comprising:

- Nifty Copper Mine (currently on care & maintenance) containing an MRE of 940,200 of contained Cu2

- Maroochydore Copper Project containing an MRE of 486,000 tonnes of contained Cu2

- Murchison Copper Project, comprising the Cue Copper-Gold Project (MRE of 51,500 tonnes of contained Cu) and Nanadie Well (MRE of 162,000 tonnes of contained Cu)

- Paterson Exploration Project (which includes a farm-in agreement with IGO Limited)

All of Cyprium's copper development projects MRE's are shallow, open in multiple directions and at depth, giving good potential to substantially increase the current resource endowment.

Nifty is a significant near-term long life brownfield copper development project located in the Tier 1 mining jurisdiction of Western Australia, with extensive infrastructure in place to re-start production.

As a result of the increased activity and interest in the battery minerals sector, the Company has commenced discussions to allow the development of a new strategic plan. The strategic plan will involve the short medium- and long-term opportunities for the company in light of the positioning of copper in the critical metals supply chain.

During this period, the Company will work with its advisors and key stakeholders to develop a new strategic plan with the objective of maximising shareholder value.

A key part of the strategic review will be for the Board to evaluate:

- potential life of mine development scenarios at Nifty, including the open-pit sulphide potential

- alternative longer-term financing strategies

- asset realisation initiatives

- composition of the board and management

Preparation of the new strategic plan and implementing a financial restructure is expected to take several months to complete. Cyprium is committed to maintaining its portfolio of copper projects in good standing to facilitate the rapid resumption of development, pending the outcomes of the strategic review.

There is no certainty that the strategic review will lead to any particulate outcome or transaction. Cyprium shareholders do not need to take any action in relation to the strategic review. Cyprium will continue to keep shareholder informed about the progress and outcome of the strategic review in accordance with Cyprium's continuous disclosure obligations.

As a result of the challenging market conditions associated with financing the Nifty Copper Project Restart project and the requirement to enter the Loan Deed for Cyprium's near-term funding requirements, the Company expects that it will require further external funding later in the year. The extent and availability of this additional funding requirement is naturally dependent on a range of commercial factors that are still being assessed and Cyprium remains in continued discussions with its brokers in connection with the additional funding requirements.

The Company's Shares will remain suspended from trading on the ASX until such time as the Directors have completed a strategic review and the Company has funding in place for a re-instatement of the Company's Shares to trading on the ASX.



About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.



Source:
Cyprium Metals Ltd

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