Albright shines Bryah Basin for Catalyst

Mining.com.au

Albright Metals (ASX:ABR) has signed an agreement to divest a large portion of its Bryah Basin tenements in Western Australia to Catalyst Metals (ASX:CYL) for a total consideration of $1.8 million.

Catalyst will pay $1 million in cash, along with $800,000 in shares. The issuance of shares will result in 105,387 shares based on the five-day volume weighted average price preceding the agreement execution.

This sale excludes the manganese mineral rights across the tenements.