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GreenX Metals Limited (ASX:GRX)

ALERT: Price-sensitive ASX Announcement for GRX
Current share price for GRX : $0.930 0.01 (1.09%)+
Announcement
Release
30 Apr 2026 8:11AM
Price at Release
$0.920
Full Release
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Summary
GreenX Metals Limited released its quarterly activities and cash flow report for March 2026, highlighting ongoing exploration in Germany and Greenland. The company reported a net cash usage of $131,000 from operating activities, with cash and cash equivalents totaling $15,432,000 at the period's end. Significant focus remains on the Tannenberg Project in Germany, with historical copper estimates, and the Eleonore North Project in Greenland, which shows promise for gold and antimony deposits. GreenX has a litigation funding agreement with LCM Funding UK Limited. Payments to related parties totaled $225,000 for the quarter.
Key Points
  • GreenX Metals Limited reported its quarterly activities and cash flow for March 2026.
  • The company has ongoing exploration projects in Germany and Greenland.
  • There was a net cash usage of $131,000 from operating activities.
  • Total cash and cash equivalents at the end of the period were $15,432,000.
  • The Tannenberg Project in Germany is a significant focus with historical estimates of contained copper.
  • Eleonore North in Greenland shows potential for significant mineral deposits, particularly gold and antimony.
  • GreenX has a financing facility with LCM Funding UK Limited for litigation funding.
  • Payments of $225,000 were made to related parties during the 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.