Bryah Resources Secures $170,000 Through Private Placement to Fund Project Development

Highlights:

• Bryah Resources Limited (ASX: BYH) secures $170,000 through a private placement of 28.3 million shares at $0.006 each.
• Funds will support environmental studies and fieldwork at the Golden Pike Gold and Antimony Project, along with general working capital.
• The placement price reflects a 20.8% discount to the 15-day VWAP; shares are expected to be issued on July 23, 2025.

Capital Raise to Drive Exploration Activities

Bryah Resources Limited (ASX: BYH) has confirmed a successful capital raise, securing $170,000 through a private placement at the time of writing. The funding comes from firm commitments received from sophisticated and exempt investors, with 28,333,333 new fully paid ordinary shares to be issued at $0.006 per share. This offer price reflects a 20.8% discount to the company’s 15-day volume-weighted average price (VWAP) of $0.0076.

The capital raised will be used to advance Bryah’s exploration and development projects, particularly targeting environmental and mining studies and fieldwork at its Golden Pike Gold and Antimony Project in New Brunswick, Canada. A portion of the funds will also be allocated to general working capital needs. The placement is scheduled for completion on July 23, 2025.

No Lead Manager for Placement

The new shares will be issued under Bryah’s placement capacity in accordance with ASX Listing Rule 7.1A, without the need for a disclosure document. The company opted not to engage a lead manager for this capital raise, reflecting confidence in its direct investor relations and strategic funding approach. The new shares will rank equally with the existing shares on issue.

Bryah’s Expanding Exploration Footprint

Bryah Resources holds a portfolio of prospective assets across Western Australia and Canada, including base metals, manganese, and battery minerals. It maintains a joint venture with OM Holdings Limited (ASX: OMH) and is exploring potential asset sales to support its financial flexibility. With strategic stakes in projects like Star Minerals and Golden Pike, Bryah is positioning itself as an emerging player in key global mining jurisdictions.

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