Ernest Mast, President & Managing Director of Cygnus Metals (TSX-V: CYG | ASX: CY5), shares the company’s powerful transformation following its merger with Doré Copper Mining. At The Mining Investment Event 2025, Mast presents Cygnus’s flagship Chibougamau Hub & Spoke Copper-Gold Project, anchored by one of the highest-grade undeveloped copper deposits in North America — the Corner Bay Mine — as well as its rapidly emerging lithium assets in Quebec’s James Bay region.
With processing and tailings infrastructure already in place, strong local support, and access to ASX and TSX capital markets, Cygnus is poised to advance its dual-commodity strategy in critical metals.
🔑 Key Takeaways:
Flagship Corner Bay Deposit:
✓ 8.6Mt @ 3.4% CuEq — among the highest-grade undeveloped copper projects in North America
✓ Anchors the “Hub & Spoke” production model in Quebec
✓ Historical infrastructure already built — mill, tailings, roadsLocal Support & Social License:
✓ Deep-rooted ties to Chibougamau and the Oujé-Bougoumou Cree Nation
✓ Co-sponsored community events and employment-first policiesStrategic Growth via Merger:
✓ Cygnus–Doré Copper merger enables dual-listing (ASX + TSX-V)
✓ Broader capital access from Australian, Canadian, and global investorsExploration & Expansion Plans:
✓ 4 deposits with resources; drilling ongoing on several more
✓ Largest mill within 200+ km — potential for toll milling or regional consolidationLithium Upside in James Bay:
✓ 10Mt @ >1% Li₂O at Pontax project
✓ On-trend with major lithium discoveries
✓ Poised to benefit from future price recoveryWell Positioned in Critical Metals:
✓ Copper and lithium both aligned with global decarbonization trends
✓ Quebec government support and flow-through funding mechanisms
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