TSX Conditionally Approves CAML Listing

TORONTO and PERTH, Western Australia – On September 1, 2026, the Toronto Stock Exchange (TSX) conditionally approved the listing of shares in Central Asia Metals plc (CAML), a move that could significantly broaden the company's investor base in North America. This development comes as a result of a Scheme of Arrangement between Cygnus Metals Limited (CY5; TSXV: CYG; OTCQB: CYGGF) and CAML, which is set to see Cygnus shareholders receive new CAML shares in exchange for their existing shares.

According to the terms of the Scheme of Arrangement, CAML will issue new shares to Cygnus shareholders, allowing them to trade on a recognized Canadian exchange. The new shares will trade under the ticker symbol 'CAML' on the TSX. The conditional approval is contingent upon the successful completion of the Scheme and other customary conditions set by the TSX.

"This is a significant milestone for CAML and its shareholders," said Executive Chair of Cygnus Metals Limited, who authorized the release of this information. "With the TSX listing, we are taking a major step towards enhancing our market presence and providing more trading opportunities for our shareholders."

CAML, based in Perth, Western Australia, was previously focused on securing a listing on either the TSX or the TSX Venture Exchange to improve trading liquidity for its shareholders. The move is part of a broader strategy to diversify its investor base and tap into the North American market.

Cygnus Metals Limited, a diversified critical minerals exploration and development company, is at the forefront of advancing its projects in Quebec, Canada, and Western Australia. The company's primary focus is on the Chibougamau Copper-Gold Project, where it is driving resource growth through an aggressive exploration program. Additionally, Cygnus owns significant lithium assets in the world-class James Bay district and various REE and base metal projects in Western Australia.

"From a Cygnus perspective, the TSX conditional approval is very welcome," added the Executive Chair. "It aligns with our broader strategic goals and will provide our shareholders with the opportunity to trade on a reputable Canadian exchange."

The Scheme of Arrangement, announced on June 2, 2026, was designed to achieve these objectives, ensuring that Cygnus shareholders would benefit from the improved trading environment and broader investor base that a TSX listing would provide.

As both companies continue to work towards the completion of the Scheme, investors are encouraged to monitor developments closely. The successful implementation of this arrangement could have a substantial positive impact on both the companies involved and their respective shareholders.