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Evion Group NL (ASX:EVG)

ALERT: Price-sensitive ASX Announcement for EVG
Current share price for EVG : $0.023 -0.002 (-8%)+
Announcement
Release
31 Jul 2026 12:47PM
Price at Release
$0.025
Full Release
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Summary
Evion Group NL's quarterly report highlights a net cash outflow from operations of $866,000, with cash balances ending at $4.7 million. The company spent $73,000 on exploration activities and did not incur any costs related to mine production or development. Financing activities brought in $4,196,000, while related party payments amounted to $167,000. Evion also received Mining Permits for the Maniry Graphite Project in Madagascar, marking a significant milestone. The company underwent leadership changes to support future growth, and the report provides a comprehensive cash flow statement in compliance with ASX regulations.
Key Points
  • Evion Group NL reported a net cash outflow from operating activities of $866,000 for the quarter.
  • The company had $4.7 million in cash at the end of the quarter.
  • Proceeds from financing activities amounted to $4,196,000.
  • Approximately $73,000 was spent on exploration during the quarter.
  • No expenses were incurred for mine production and development activities.
  • Payments to related parties totaled approximately $167,000.
  • Mining Permits for the Maniry Graphite Project in Madagascar have been granted.
  • Significant board and management changes were made to support growth, including the appointment of a new Non-Executive Chair.
  • The report includes a detailed cash flow statement as per ASX requirements.
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.