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Eastern Metals Limited (ASX:EMS)

ALERT: Price-sensitive ASX Announcement for EMS
Current share price for EMS : $0.055 0.045 (450%)+
Announcement
Release
3 Nov 2025 8:38AM
Price at Release
$0.010
Full Release
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Summary
Eastern Metals Limited, in its quarterly report for the period ending 30 September 2025, detailed its activities and financials. The company focused on advancing the acquisition of Raptor Resources Limited and reported the sale of its Browns Reef Project for a combination of cash and shares. The financial overview highlighted a cash reserve of $288,000 with net cash used in operations amounting to $201,000 for the quarter. Eastern Metals plans to raise additional capital in the December 2025 quarter to fund its operations and strategic initiatives, including the acquisition of Raptor Resources and raising funds between $4 million and $5 million. The company maintained all its tenements in good standing during the quarter.
Key Points
  • Focused on advancing the Raptor Resources transaction.
  • Sale of Browns Reef Project for cash and shares.
  • Cash reserves of $288,000 at quarter-end.
  • Net cash used in operations amounted to $201,000.
  • Plans to raise $4 million to $5 million in December 2025.
  • Maintained all tenements in good standing.
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.