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Energy Metals Limited (ASX:EME)

ALERT: Price-sensitive ASX Announcement for EME
Current share price for EME : $0.087 0.003 (3.57%)+
Announcement
Release
28 Jul 2026 11:27AM
Price at Release
$0.084
Full Release
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Summary
Energy Metals Limited, a uranium-focused exploration company, released its quarterly report for the period ending 30 June 2026, highlighting activities and financial positions. The company operates several projects in the Northern Territory and Western Australia, including the advanced Bigrlyi Project. During the quarter, notable progress includes the completion of environmental and archaeological surveys for certain tenements, granting of an environmental mining license, and ongoing exploration activities. Financially, Energy Metals reported $7.1 million in cash reserves at the end of June. The company did not engage in significant financing activities, and its net cash outflows from operating and investing activities for the quarter were $126,000 and $567,000 respectively. The report also notes no changes in the uranium market spot prices but acknowledges a rise in long-term prices.
Key Points
  • Energy Metals reported $7.1M in cash reserves as of 30 June 2026.
  • The company conducted LiDAR surveys and secured an environmental mining license for future drilling.
  • Net cash outflow from operating activities was $126,000 for the quarter.
  • Net cash outflow from investing activities totaled $567,000.
  • Uranium market spot prices remained stable while long-term prices increased.
  • No significant financing activities were noted during the quarter.
  • The report was announced on 28 July 2026.
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.