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Enterprise Metals Limited (ASX:ENT)

ALERT: Price-sensitive ASX Announcement for ENT
Current share price for ENT : $0.004 0 (0%)+
Announcement
Release
30 Apr 2026 2:54PM
Price at Release
$0.004
Full Release
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Summary
Enterprise Metals Limited (ASX: ENT) has released its Quarterly Activities and Cash Flow Report for the quarter ended 31 March 2026. The Murchison Project, which includes the E20/912, E20/913, and E20/944 tenements in Western Australia, showed promising results with rare earth elements (REE) and potential volcanic hosted massive sulphide targets. The company reported a net cash from operating activities of $(67,000) and a net cash used in investing activities of $(313,000) for the quarter. Cash and cash equivalents at the end of the period were $435,000. During this period, 110.8 million options were exercised, raising $611,000. Related party payments totaled $53,000, primarily for consulting fees. The company plans further exploration work and has the support of major shareholders for its projects.
Key Points
  • Quarter ended 31 March 2026 for Enterprise Metals Limited
  • Murchison Project shows rare earth potential
  • Net cash used in operating activities was $(67,000)
  • Net cash used in investing activities was $(313,000)
  • Cash balance at the end of the quarter was $435,000
  • 110.8 million options exercised, raising $611,000
  • Related party payments amounted to $53,000
  • Further exploration and shareholder support acknowledged
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.