Latest Barys Resources (ASX:BRY) News

Barys Resources reported a wider A$2.30 million loss for FY2026 as it secured two gold exploration licences in Kazakhstan but made no progress at its Niger uranium project. With A$2.06 million in cash at year-end, the company is now pursuing a partially underwritten A$2.6 million entitlement offer to fund its next phase of exploration.

Barys Resources has opened a 1-for-1 renounceable entitlement offer priced at $0.01 a share, targeting gross proceeds of up to approximately $2.6 million. The partially underwritten raise is scheduled to close on 7 October 2026.

Barys Resources is seeking up to A$2.64 million through a 1-for-1 entitlement offer priced at a 41% discount, with most proceeds earmarked for Kazakhstan gold exploration. But only A$800,000 is underwritten, leaving the final funding outcome and potential dilution dependent on shareholder participation.