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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.120 0.005 (4.35%)+
Announcement
Release
31 Jul 2026 8:12AM
Price at Release
$0.115
Full Release
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Summary
Everest Metals Corporation Ltd (EMC) reported its quarterly cash flow for the period ending June 2026, highlighting a net cash inflow from operating activities of $2,485,000. The company experienced a net cash outflow of $897,000 from investing activities due to expenses related to exploration and evaluation. Financing activities provided a net cash inflow of $3,742,000, largely through equity security issues. As of the end of the quarter, EMC had cash and equivalents totaling $4,174,000. Additionally, EMC's partnership with Bain Global Resources offers a financing facility for the Mt Dimer project, although it is considered conditional as both parties must approve any draws. The company estimates having sufficient funds for approximately 2.6 more quarters.
Key Points
  • Everest Metals Corporation Ltd released its quarterly cash flow report for June 2026.
  • The company reported net cash from operating activities of $2,485,000 for the quarter.
  • Investing activities resulted in a net cash outflow of $897,000, primarily due to exploration and evaluation expenditures.
  • Financing activities generated net cash inflows of $3,742,000, primarily from the issuance of equity securities.
  • The cash and cash equivalents at the end of the period were $4,174,000.
  • EMC has a Right to Mine Agreement with Bain Global Resources, providing up to $18.6M in financing for the Mt Dimer development.
  • The company has estimated 2.6 quarters of funding available based on current cash flows.
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.