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South Harz Potash Limited (ASX:SHP)

ALERT: Price-sensitive ASX Announcement for SHP
Current share price for SHP : $0.022 -0.017 (-43.59%)+
Announcement
Release
21 Oct 2025 9:29AM
Price at Release
$0.039
Full Release
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Summary
The Quarterly Activities and Appendix 5B Cash Flow Report for South Harz Potash Limited, dated 30 September 2025, outlines the company's financial and operational activities during the quarter. The report details a net cash outflow of $715,000 from operating activities and no cash flow from investing activities. The company raised $1.285 million in equity, with net financing cash inflows amounting to $1.16 million. Cash and cash equivalents increased from $547,000 at the beginning of the quarter to $989,000 at the end. South Harz completed an Entitlement Offer and Shortfall Placement, raising approximately $2.58 million in equity towards its $3.11 million target. The company also deferred payments to creditors K-Utec and Ercosplan, with related financing facilities secured against mining interests. Looking forward, South Harz expects funding improvements from German R&D tax rebates and reduced project-related payments.
Key Points
  • Net cash outflow from operating activities was $715,000.
  • No cash flow from investing activities was recorded.
  • Raised $1.285 million from equity securities.
  • Net increase in cash and cash equivalents by the end of the quarter was $442,000.
  • Completion of Entitlement Offer and Shortfall Placement raised approximately $2.58 million.
  • Deferred payment arrangements with creditors K-Utec and Ercosplan include security against mining interests.
  • Expectation of funds from German R&D tax rebates between $400,000 to $650,000.
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.