Albright Metals ends Bryah Basin deal with Catalyst Metals
- Albright Metals ended its agreement to sell the remaining Bryah Basin tenements to Catalyst Metals.
- Following the announcement, Albright Metals' share price was unchanged at $0.003.
- Albright Metals stated that it will focus on progressing the Golden Pike Project and developing its joint venture manganese project.
Albright Metals (ASX:ABR) has terminated its asset purchase agreement with Catalyst Metals (ASX:CYL) regarding the sale of its remaining Bryah Basin tenements.
The two companies had previously agreed to negotiate terms in good faith after Catalyst exercised its purchase option on June 1, following an initial deal in February.
The parties were unable to reach a final agreement on the terms of the sale, leading Albright Metals to formally end the transaction.
Following the announcement, the Albright Metals share price was unchanged at $0.003.
The company stated that it remains well funded to advance its Golden Pike Gold and Antimony Project.
In addition, Albright Metals stated that it will continue developing the Bryah Basin Manganese Project alongside its joint venture partner OM (Manganese).
