Bryah Resources Limited has announced that its wholly owned subsidiary, West Coast Minerals Pty Ltd, has acquired a net smelter return royalty over two mining leases and four exploration licences. The royalty, set at 0.75%, applies to tenements associated with the Bryah Basin manganese project, which the Company is developing in a joint venture with OM (Manganese) Ltd. The acquisition was funded through the issuance of 100,000,000 new Bryah Resources Limited shares, utilizing part of the Company’s 15% placement capacity. The Bryah Basin project, situated approximately 100 kilometers north of Meekatharra in Western Australia, covers an extensive area of 1,048 square kilometers. A notable portion of this land, about 600 square kilometers, is dedicated to the manganese rights. Recently published technical data highlights an existing manganese mineral resource of approximately 3.066 million tonnes at 20.2% manganese, reinforcing the asset’s potential. Comments from the Company’s Chair, Ian Stuart, emphasized the project’s steady progress towards production and the added value that the royalty could deliver, enhancing the Company's strategic position. By purchasing the royalty, Bryah Resources Limited aims to simplify its manganese asset structure while creating additional options for future transactions. The move reflects the Company’s broader strategy of focusing on its energy metals and battery technology projects across Western Australia, which include promising lithium, nickel, copper, and base metal prospects. The recent capital raise via new share issue has provided the funding necessary for the acquisition, suggesting confidence in the ongoing development and eventual production outcomes. The news brings both bullish and bearish considerations to the market. On the bullish side, the acquisition of the royalty is seen as a positive step toward unlocking recurring revenue streams as the Bryah Basin project matures. The strategic partnership with a global manganese supplier and the clear progression toward production further underline the potential for substantive future value. Conversely, the issuance of new shares as consideration may raise concerns about dilution for existing investors, while the inherent risks associated with early-stage mining and exploration projects remain a cautionary factor for those wary of the uncertainties in commodity markets.