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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.098 -0.007 (-6.67%)+
Announcement
Release
29 Apr 2026 8:12AM
Price at Release
$0.105
Full Release
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Summary
Everest Metals Corporation Ltd reported its quarterly cash flow for the period ending 31 March 2026. The company experienced a decrease in cash and cash equivalents, ending with $2,586,000 compared to $3,790,000 at the beginning of the period. The net cash used in operating activities was $58,000, largely due to administration and corporate costs. The company spent $1,146,000 on exploration and evaluation, resulting in negative net cash flows from investing activities. Financing activities contributed $3,742,000, mainly from the issuance of equity securities. The report also highlights a financing arrangement with Bain Global Resources, providing up to $18.6 million for Mt Dimer development, which is secured by a Specific Security Deed.
Key Points
  • Ended the quarter with $2,586,000 in cash and cash equivalents.
  • Used $58,000 in operating activities due to administrative costs.
  • Spent $1,146,000 on exploration and evaluation activities.
  • Financing activities raised $3,742,000 from equity securities.
  • Entered a financing agreement with Bain Global Resources for up to $18.6 million.
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.