Cyclone Metals Ltd (ASX: CLE) (Cyclone Metals) is an Australian domiciled, fully funded, mineral development company. Cyclone Metals has interests in several exploration and mining companies, providing exposure to cobalt, lithium, iron ore, uranium, copper and base metal assets in Australia, Europe, Africa and South America.
Cyclone Metals’s strategy is to acquire and invest in undervalued and/or distressed mineral assets and companies (Projects) and:
- improve the value of these Projects, through a hands-on approach to management, exploration, evaluation and development; and
- retain long-term exposure to these Projects through a production royalty and/or equity interest.
Cyclone Metals aims to deliver shareholder value by adding value to these undeveloped Projects. If Projects are converted into cash, the Company intends to follow a policy of distributing surplus cash to Shareholders.