Australia's Bryah Resources gains on acquiring gold project in Canada

Albright Metals

21/05/2025 03:10

** Shares of Bryah Resources BYH.AX rise 25% to A$0.005; marks biggest intraday percentage gain ever

** Battery metals explorer signs option term sheet with Globex Mining Enterprises Inc GMX.TO to acquire the Golden Pike high-grade gold project in Canada

** Bryah to pay A$80,000 ($51,464.00) on execution of a formal sale contract, others

** Bryah expects to benefit from rising gold prices through purchase of the project

** About 21.9 million shares change hands by 0154 GMT, 13.6x 30-day average

** Stock up 25% YTD

($1 = 1.5545 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))