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Earths Energy Limited (ASX:EE1)

ALERT: Price-sensitive ASX Announcement for EE1
Current share price for EE1 : $0.005 0 (0%)+
Announcement
Release
2 Apr 2026 12:56PM
Price at Release
$0.005
Full Release
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Summary
Earth's Energy Limited (EE1) received a notice of dispute from minority shareholders regarding its geothermal assets on 24 December 2025. Initially, the board did not consider the dispute to materially impact the company. However, a settlement was announced on 4 March 2026, involving a payment of $625,000 and the transfer of joint venture interests for $1, which was marked as price sensitive. The board's initial assessment was based on the view that the claims were insubstantial and unlikely to succeed.
Key Points
  • EE1 received a notice of dispute on 24 December 2025 from minority shareholders.
  • The dispute was over breaches of the joint venture agreement related to geothermal assets.
  • EE1's board initially assessed the dispute as not materially impacting the company's operations.
  • EE1 announced a settlement of the dispute on 4 March 2026.
  • The settlement involved financial payments totaling $625,000 and transfer of joint venture interests for $1.
  • EE1's securities' price was marked as 'price sensitive' following the settlement announcement.
  • The board's earlier assessment was based on the belief that the claims lacked substance.
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.