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Antares Metals Limited (ASX:AM5)

ALERT: Price-sensitive ASX Announcement for AM5
Current share price for AM5 : $0.007 0.001 (8.33%)+
Announcement
Release
31 Jul 2026 4:26PM
Price at Release
$0.006
Full Release
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Summary
Antares Metals Limited's quarterly cash flow report for the period ending 30 June 2026 highlights several key financial activities. The company reported a net cash outflow from operating activities of $595,000 for the quarter, primarily due to exploration and evaluation expenditures, staff costs, and administration expenses. Despite no significant cash inflow from investing activities, the company raised $2,030,000 from equity securities, though transaction costs reduced the net financing cash flow. The company's cash and cash equivalents decreased to $582,000 by the end of the quarter. The report indicates limited cash reserves equivalent to one quarter of funding, prompting the company to explore future funding opportunities to maintain operations and achieve business objectives.
Key Points
  • Net cash outflow from operating activities was $595,000 for the quarter.
  • Exploration and evaluation expenditures and staff costs were major outflows.
  • The company raised $2,030,000 from equity securities issuance.
  • Net financing cash flow was reduced due to transaction costs.
  • Cash and cash equivalents decreased to $582,000 by quarter-end.
  • The company has funding equivalent to one quarter.
  • Future funding opportunities are being explored to maintain operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.