Bryah Resources Limited Secures $1.98 Million in Oversubscribed Capital Raise

Highlights:

• Bryah Resources Limited (ASX: BYH) has raised $1.98 million (before costs) through an oversubscribed share placement to fund gold and antimony drilling at its Golden Pike Project in Canada.
• The placement will issue 457.1 million new shares at $0.00435 each, with one free-attaching option per share exercisable at $0.006 and expiring in 36 months.
• At the time of writing, CPS Capital Group Pty Ltd acted as Lead Manager, receiving a 6% fee and up to 66.3 million options, while share settlement is expected around 28 October 2025.

Strong Investor Demand Fuels Successful Placement

Bryah Resources Limited (ASX: BYH) has announced that it successfully secured firm commitments to raise $1.98 million (before costs) through an oversubscribed share placement, aimed at accelerating exploration at its Golden Pike Gold and Antimony Project in Canada. At the time of writing, investor sentiment appeared positive following the announcement, reflecting strong confidence in the company’s growth plans.

The placement saw robust participation from both new and existing institutional and professional investors, with shares issued at $0.00435 each. The capital injection provides a significant financial boost for Bryah’s upcoming drilling programs.

Funds to Drive Exploration and Resource Expansion

According to the company, proceeds from the placement will primarily be directed toward:

• Infill and twin-hole drilling at the Vail Road Gold Deposit,
• Initial exploration at the Bond Road Antimony Prospect,
• Core sample processing, analysis, and reporting, and
• Resource updates to JORC standards, along with working capital.

Chief Executive Officer Greg Hill stated that securing the capital allows the company to advance its planned drilling schedule and continue building long-term shareholder value.

Placement Structure and Incentives

In total, 457,133,133 new shares will be issued across multiple ASX listing rule provisions, including approval from shareholders granted at the General Meeting on 17 September 2025. Additionally, investors will receive one free-attaching option per share, exercisable at $0.006 with a 36-month expiry.

CPS Capital Group Pty Ltd acted as the Lead Manager, earning a 6% fee and up to 66,284,300 lead manager options (subject to shareholder approval). Settlement and issuance of new shares are expected on or around 28 October 2025. At the time of writing, the announcement officially lifted the company’s trading halt initiated on 20 October 2025.

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