Albright Metals Turns Gabanintha Exit Into Golden Pike Funding
Albright Metals will surrender its Gabanintha mineral rights to Australian Vanadium in return for $1.75 million, a 0.75% royalty and a sharper focus on its Canadian flagship. The package includes $500,000 in cash and $1.25 million of Australian Vanadium shares, although the final share count is yet to be determined.
Gabanintha rights revert to Australian Vanadium
$500,000 cash plus $1.25 million in AVL shares
0.75% royalty over Tumblegum South transferred to Albright Metals
Proceeds earmarked mainly for Golden Pike in Canada
Unconditional transaction expected to complete shortly
Link to the full article: https://www.middle.news/articles/2026/09/16/albright-metals-unlocks-175-million-from-gabanintha-exit