Australia's Canyon Resources gains on $140 million credit facility

Canyon Resources

26/05/2025 01:40

** Shares of Canyon Resources CAY.AX rise 6% to A$0.265

** Stock set for its strongest session since May 20, if current trends hold

** The bauxite resource exploration co's unit secures credit facility of 82 billion Central African CFA francs ($141.91 million) through AFG Bank Cameroon for its Minim Martap project in Cameroon

** Stock up 47.2% YTD, including current session's moves

($1 = 577.8500 Central African CFA franc BEAC)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))