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ENRG Elements Ltd (ASX:EEL)

ALERT: Price-sensitive ASX Announcement for EEL
Current share price for EEL : $0.002 0 (0%)+
Announcement
Release
29 Jan 2026 5:15PM
Price at Release
$0.002
Full Release
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Summary
ENRG Elements Limited's quarterly activities report for the period ending 31 December 2025 highlights the company's focus on reviewing exploration activities and managing expenditures prudently. The company successfully raised $2.0 million through an Entitlement Offer and Follow-on Placement, with a cash balance of approximately $3.06 million by the end of the quarter. While maintaining its Agadez Uranium Project in Niger and assessing new gold opportunities in Central Asia, ENRG Elements also plans to rebrand as Barys Resources Limited effective 21 January 2026. However, no significant progress was reported on the Agadez Project during this period.
Key Points
  • ENRG Elements Limited conducted an extensive review of exploration activities and related expenditures during the quarter ending 31 December 2025.
  • The company raised $2.0 million in funds through an Entitlement Offer and a Follow-on Placement.
  • ENRG Elements Limited's cash balance was approximately $3.06 million as of 31 December 2025.
  • The company incurred exploration expenditures of $9,000 during the quarter.
  • ENRG Elements Limited plans to change its name to Barys Resources Limited as of 21 January 2026.
  • A pipeline of new projects and business opportunities is being pursued, with a focus on gold opportunities in Central Asia.
  • The Agadez Uranium Project in Niger and the Ghanzi West Copper-Silver Project in Botswana are key assets of the company.
  • No progress was made on the Agadez Project during the reporting period.
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.