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eMetals Limited (ASX:EMT)

ALERT: Price-sensitive ASX Announcement for EMT
Current share price for EMT : $0.040 -0.005 (-11.11%)+
Announcement
Release
24 Jul 2026 9:18AM
Price at Release
$0.045
Full Release
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Summary
eMetals Limited reported on its activities for the quarter ending 30 June 2026, highlighting the acquisition of the Mineral Range Tungsten Project in Utah, USA. This included a full interest in 109 mineral claims. The company carried out geological and structural mapping, resulting in high-grade tungsten samples. Despite a net cash outflow from operations and investments, the company ended the quarter with $1,766,000 in cash equivalents. Future cost reductions are expected due to previous one-off expenditures related to the project acquisition.
Key Points
  • eMetals Limited announced the acquisition of 100% interest in 25 mineral claims and 84 mineral claim applications in Utah, USA.
  • The Mineral Range Tungsten Project now comprises 109 mineral claims over 2,072 acres.
  • The company conducted geological mapping and sampling, resulting in high-grade tungsten findings.
  • The cash flow report shows a net cash outflow from operating and investing activities.
  • Cash and cash equivalents at the end of the quarter were $1,766,000.
  • The company expects to reduce operating costs in future quarters due to one-off costs in the previous quarter.
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.