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C29 Metals Limited (ASX:C29)

ALERT: Price-sensitive ASX Announcement for C29
Current share price for C29 : $0.024 0.013 (118.18%)+
Announcement
Release
30 Jul 2026 12:08PM
Price at Release
$0.011
Full Release
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Summary
C29 Metals Limited, during the quarter ending 30 June 2026, entered and later terminated an agreement for acquiring a Namibian portfolio. They completed a share placement raising over $1 million for exploration and working capital. A general meeting approved various shareholder resolutions, including Director Conversion shares. The company divested its Mayfield Project and focused on exploring core projects while reducing costs. The report included a quarterly cash flow report with $171,000 paid to related parties.
Key Points
  • C29 Metals Limited announced agreements to acquire a Namibian copper and gold portfolio, later terminated.
  • Placement of 43,547,043 shares raised $1,045,129.
  • Approval for Director Conversion shares issued post General Meeting.
  • Divestment of interest in the Mayfield Project to Discovery Ridge Pty Ltd.
  • Payments to related parties amounted to $171,000, consisting of Director’s fees.
  • The company is focusing on core projects and reducing non-core expenditures.
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.