Heavy Minerals Limited (ASX:HVY)

Heavy Minerals Limited released its Quarterly Activities Report for December 2025, highlighting significant developments in its projects and financial activities. During this quarter, the company negotiated a binding agreement with Hillgrove Resources for extracting Hard Rock Almandine Waterjet Garnet at the Kanmantoo Copper Gold Mine, which was executed post-quarter on 27 January 2026. The company reported receiving $165K in funding from Tranche 1 Royalty Options with additional funds expected. The Port Gregory Pre-Feasibility Study (PFS) is nearing completion, with an anticipated release in Q3 2026. The cash flow report indicates a net cash outflow from operating activities, investments, and financing activities, with a closing cash balance of $38K and financing activities contributing significantly to cash inflow. The company highlighted plans to raise further capital through debt, pre-sales, and royalties, aiming for sustainability in future operations.