DY6 Metals Responds to ASX Price Query Amid Cameroon Licence Talks

DY6 Metals Ltd (ASX: DY6) has responded to a price-query letter from the ASX following a sharp rise in its share price. At the time of writing, the company confirmed it was in confidential negotiations to acquire additional mining licences in Cameroon, adjacent to its current holdings. DY6 had already submitted draft terms of the proposed acquisition to the ASX for review. The company believes the recent share price movement may also be linked to increased trading in Peak Minerals (ASX:PUA), which holds nearby projects. DY6 stated it relied on Listing Rule 3.1A to maintain confidentiality but issued a trading halt and subsequent announcement once disclosure was necessary. The board confirmed compliance with ASX Listing Rules and that the response was authorized under its disclosure policy. The company had also recently released exploration results on 23 and 30 June 2025.

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