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Bryah Resources Ltd. ( (AU:BYH) ) has issued an update.
Bryah Resources Limited has announced that its subsidiary, West Coast Minerals Pty Ltd, has acquired a 0.75% Net Smelter Return mineral royalty over several mining leases and exploration licenses in the Bryah Basin manganese project. This acquisition is expected to streamline and enhance the value of Bryah’s manganese assets, as the project progresses towards production in collaboration with OM (Manganese) Ltd. The purchase was made through the issuance of 100,000,000 Bryah shares, reflecting the company’s strategic move to consolidate its interests and potentially increase shareholder value.
More about Bryah Resources Ltd.
Bryah Resources Limited is an Australian company operating in the mining industry, primarily focusing on the exploration and development of manganese projects. The company is involved in a joint venture with OM (Manganese) Ltd, a subsidiary of OM Holdings Limited, a leading supplier of manganese ores.
Average Trading Volume: 10,577,655
Technical Sentiment Signal: Sell
Current Market Cap: A$10.44M
Find detailed analytics on BYH stock on TipRanks’ Stock Analysis page.