BRIEF-Cymat Executes Commercial Agreement With Rio Tinto Alcan

Rio Tinto plc Sponsored ADR

Rio Tinto plc Sponsored ADR

RIO

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July 21 (Reuters) - Cymat Technologies Ltd CYM.V:

  • CYMAT EXECUTES COMMERCIAL AGREEMENT WITH RIO TINTO ALCAN TO ASSUME CUSTOMERS OF THEIR PROPRIETARY ALUMINUM METAL MATRIX COMPOSITES BUSINESS

  • CYMAT TECHNOLOGIES - RIO TINTO TO EXIT ALUMINUM METAL MATRIX COMPOSITES BUSINESS

  • CYMAT TECHNOLOGIES - TO ESTABLISH MMC PRODUCTION AT MISSISSAUGA PLANT

  • CYMAT TECHNOLOGIES - TO PAY RIO TINTO USD 750/TON MMC SOLD OR USED, MAX USD 500,000 OVER 5 YEARS

  • CYMAT TECHNOLOGIES - EXPECTS MMC PRODUCT LINE FULLY OPERATIONAL BY EARLY Q2 2027

Source text: ID:nPn6Y9MX4a

Further company coverage: CYM.V


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