Bryah Resources Limited (ASX:BYH)

ALERT: Price-sensitive ASX Announcement for BYH

Current share price for BYH : $0.004 -0.002 (-33.33%)⁺

Announcement

Bryah to Raise up to $1.98 Million

Release

22 Oct 2025 9:32AM

Price at Release

$0.006

Full Release

Summary

Bryah Resources Limited announced it has secured $1.988 million through an over-subscribed placement to fund drilling projects at the Golden Pike Project in Canada. This funding will be used for drilling activities, resource updates, and working capital needs. A total of 457,133,133 New Shares will be issued at $0.00435 per share. CPS Capital Group Pty Ltd will manage the raise and receive a fee. Each new share will come with a free option at a strike price of $0.006, expiring in 36 months, with settlement expected by the end of October 2025. Bryah Resources, with mining ventures in Canada and Western Australia, continues to expand its exploration efforts.

Key Points

$1.988 million in firm commitments received for a Placement to fund gold and antimony drilling at the Golden Pike Project in Canada.
The Placement was over-subscribed with strong support from new and current shareholders.
Proceeds will be used for drilling at Vail Road Gold Deposit and Bond Road Antimony Prospect, core processing, sample analysis, reporting, resource update, and working capital.
457,133,133 New Shares will be issued at $0.00435 per share to raise $1,988,529.
CPS Capital Group Pty Ltd acted as Lead Manager and will receive a 6% fee of the amount raised.
One free-attaching option will be issued for each New Share with a strike price of $0.006 and expiry of 36 months.
Settlement and issue of New Shares expected around 28 October 2025.
Bryah Resources has projects in Canada and Western Australia, including a manganese joint venture with OM Holdings Limited.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.