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Cosmos Exploration Limited (ASX:C1X)

ALERT: Price-sensitive ASX Announcement for C1X
Current share price for C1X : $0.135 -0.105 (-43.75%)+
Announcement
Release
29 Apr 2026 8:52AM
Price at Release
$0.240
Full Release
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Summary
Cosmos Exploration Limited reported its quarterly activities and financials for the period ending 31 March 2026. The company completed a fundraising effort through a placement of 25,000,000 shares, raising A$5.0 million to support its exploration programs and the proposed acquisition of EAU Lithium Pty Ltd. The cash flow report reveals a net cash inflow from financing activities amounting to A$4.185 million, while cash outflows were recorded for exploration, staff costs, and administration. The cash balance at the end of the quarter was A$3.792 million. The company did not undertake field-based exploration activities due to seasonal constraints but continued technical evaluations. The acquisition and exploration plans are subject to shareholder approval at a scheduled general meeting.
Key Points
  • Completed an A$5.0 million placement of shares.
  • Raised funds to support exploration programs and EAU Lithium acquisition.
  • Reported a net cash inflow from financing activities of A$4.185 million.
  • Cash balance at quarter-end was A$3.792 million.
  • Field-based exploration was not conducted due to seasonal constraints.
  • Technical evaluations continued across projects.
  • Acquisition and exploration plans awaiting shareholder approval.
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.