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Everlast Minerals Ltd. (ASX:EV8)

ALERT: Price-sensitive ASX Announcement for EV8
Current share price for EV8 : $0.400 -0.01 (-2.44%)+
Release
29 Jan 2026 5:39PM
Price at Release
$0.410
Full Release
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Summary
Everlast Minerals Ltd provided their quarterly activities and cash flow report for the quarter ending 31 December 2025. The report details cash flows from operating activities, noting net cash used was $778,000, primarily due to payments for exploration, staff costs, and administration. The company achieved a net cash position of $4.513 million at the end of the quarter. Financing activities included issuing equity securities, raising $6 million but incurring $201,000 in related transaction costs, resulting in net cash from financing activities of $5.187 million. The report highlights strategic infrastructure developments, including a 500kW electricity connection to support pilot operations, and engagement with potential off-take partners and regulators. Everlast is advancing its mineral sands projects in Bangladesh, with a focus on the Gaibandha, Kurigram, and Pabna projects. The company plans to continue its exploration and development activities to create long-term value.
Key Points
  • Net cash used in operating activities was $778,000.
  • Cash position at the quarter end was $4.513 million.
  • Raised $6 million through equity securities issuance.
  • Invested in a 500kW electricity connection for operational support.
  • Focused on mineral sands projects in Bangladesh.
  • Further engagement with off-take partners and regulators.
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.