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Battery Age Minerals Ltd (ASX:BM8)

ALERT: Price-sensitive ASX Announcement for BM8
Current share price for BM8 : $0.041 -0.042 (-50.60%)+
Announcement
Release
30 Apr 2026 8:17AM
Price at Release
$0.083
Full Release
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Summary
Battery Age Minerals Ltd reported cash flow activities for the quarter ending March 31, 2026, with a net cash outflow from operating activities of $652k, driven by exploration and evaluation expenses. The company experienced a significant cash outflow in investing activities, totaling $1,148k, primarily for exploration activities. Despite raising $8.5 million through equity issues, financing activities resulted in a net outflow of $121k. The company closed the quarter with cash and cash equivalents of $2,571k. Exploration expenditure was $1,176k, and Battery Age holds a significant investment in Eminence Minerals Ltd, valued at $1.4 million. Payments to directors were $57k. The company's capital structure includes 221.4 million ordinary shares, 34.5 million options, and 2.83 million performance rights. Moving forward, Battery Age plans to explore strategic opportunities, particularly in germanium-related projects.
Key Points
  • Battery Age Minerals Ltd reported a net cash used in operating activities of $652k for the current quarter.
  • The company’s investing activities led to a net cash outflow of $1,148k, primarily due to exploration and evaluation expenses.
  • Financing activities resulted in a net cash outflow of $121k, despite an earlier equity issue that raised $8.5 million.
  • At the end of the quarter, the company’s cash and cash equivalents stood at $2,571k.
  • The company's exploration expenditure for the quarter was reported as $1,176k.
  • Battery Age holds 34.5 million shares in Eminence Minerals Ltd, valued at $1.4 million at the end of the quarter.
  • Payments to related parties amounted to $57k for director remuneration.
  • The capital structure at the end of the quarter included 221,427,559 ordinary shares, 34,500,005 options, and 2,830,000 performance rights.
  • Battery Age intends to continue evaluating business development opportunities, with a focus on germanium-related initiatives.
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.