Closing Bell: Earnings season pumps up the volume as banks amplify gains

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Albright Metals (ASX:ABR) gained 33% today after announcing that Catalyst Metals (ASX:CYL) will acquire its Bryah Basin tenement package for $1,000,000 in cash and $800,000 in CYL shares.

The deal provides funding for Albright Metals to advance its high-grade gold and antimony project in Canada as well as its remaining Western Australia assets. CYL also has an option to buy the remainder of ABR’s Bryah Basin tenements, excluding manganese rights held by the Bryah Basin Manganese Joint Venture, for an additional $2,200,000 in cash and/or CYL shares.