https://www.miningweekly.com

Byrah to buy Canada gold/antimony project

11th July 2025

By: Creamer Media Reporter

     

Font size: - +

Australia-listed Byrah Resources reported on Friday that it had exercised its option with Toronto-listed Globex Mining to acquire 100% of the Golden Pike gold and antimony project in New Brunswick, Canada.

The move follows a comprehensive due diligence process that considered technical, legal and commercial aspects of the project, concluding that the project presented a compelling opportunity to deliver value.

Golden Pike has an inferred resource of 214.8-million tonnes at 9.4 g/t gold.

“The strength of gold and antimony prices continues to support quality projects. We are excited to explore the additional opportunities that the project presents to Bryah,” commented Byrah CEO Greg Hill.

On execution of a formal contract Globex will receive C$280 000 as a combination of cash and Bryah fully paid ordinary shares, to be determined at Bryah’s election. The shares will be issued based on the five-day volume-weighted average price prior to the date of issue and the CAD:AUD exchange rate at the date of issue.

The formal sale contract is expected to be executed within the next seven days

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.819s - 128pq - 2rq
Subscribe Now