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EMC Gold Corporation (ASX:EM3)

ALERT: Price-sensitive ASX Announcement for EM3
Current share price for EM3 : $0.110 -0.03 (-21.43%)+
Announcement
Release
30 Jul 2026 9:56AM
Price at Release
$0.140
Full Release
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Summary
EMC Gold Corporation, operating as EM3, reported on its quarterly activities for the period ending 30 June 2026, focusing on the Salave Gold Project in Spain and relinquishing a Western Australian tenement. The company emphasized ongoing stakeholder engagement and alternative development strategies for Salave following a procedural court ruling. Corporate updates included the appointment of a new CEO and a shift in financial reporting currency to AUD$. EMC Gold held AUD$4.420 million in cash reserves with related party payments amounting to AUD$98,000. No financing facilities were utilized, and it's estimated the available cash can support operations for 12.6 quarters.
Key Points
  • EMC Gold Corporation, trading as EM3, provided a quarterly activities report for the period ending 30 June 2026.
  • The Salave Gold Project in Spain is a significant focus, with continued efforts in stakeholder engagement and development assessments following a court ruling.
  • The company has relinquished its exploration tenement in Western Australia, completing the process under the WA Mining Act.
  • Corporate changes included the appointment of Agne Ahlenius as CEO and Executive Director, with currency and financial reporting shifted from CAD$ to AUD$.
  • The company held AUD$4.420 million in cash reserves at the end of the quarter.
  • Payments to related parties totaled AUD$98,000 during the quarter for director fees and salaries.
  • No financing facilities were drawn upon, and no unused facilities were available at the quarter's end.
  • Estimated cash available for future operations is sufficient for approximately 12.6 quarters, based on current outflow rates.
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.