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C29 Metals Limited (ASX:C29)

ALERT: Price-sensitive ASX Announcement for C29
Current share price for C29 : $0.014 -0.015 (-51.72%)+
Announcement
Release
30 Apr 2026 3:22PM
Price at Release
$0.029
Full Release
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Summary
C29 Metals Limited reported its activities for the quarter ending 31 March 2026, focusing on the acquisition of a significant copper and gold portfolio in Namibia and raising $4.7 million through placements to fund exploration and operations. The company maintained a cash balance of $55,000 at the end of the period and made $124,000 in related party payments for director fees. The quarterly report includes a detailed cash flow analysis under Appendix 5B, highlighting the company's strategic focus on both Australian and newly acquired Namibian projects.
Key Points
  • C29 Metals Limited reported a quarterly cash flow report for the period ending 31 March 2026.
  • Key activities included entering into agreements to acquire 80% of a copper and gold portfolio in Namibia.
  • The company plans to raise $4.7 million from institutional and sophisticated investors for further exploration.
  • Cash and cash equivalents at the end of the quarter were $55,000.
  • Payments to related parties totaled $124,000, consisting of Director’s fees.
  • The company received commitments for a two-tranche placement to fund operations and acquisitions.
  • Appendix 5B details cash flows from operating, investing, and financing activities.
  • C29 Metals is focused on renewing and managing Australian and Namibian projects.
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.