InvestSMART

Lion Energy Limited (ASX:LIO)

ALERT: Price-sensitive ASX Announcement for LIO
Current share price for LIO : $0.013 0.002 (18.18%)+
Announcement
Release
27 Jul 2026 12:25PM
Price at Release
$0.011
Full Release
download
Summary
Lion Energy Limited, an Australian oil and gas exploration entity, reported a quarterly cash flow report for the period ending 30 June 2026. The report highlights a net outflow of $582,000 from operating activities, with ending cash and cash equivalents of $889,000. The company experienced a cash inflow of $373,000 from investing activities, primarily due to proceeds from joint ventures, while no new equity or debt financing was raised. The report estimates funding availability for approximately 0.98 quarters at the current rate of expenditure. Lion Energy anticipates receiving A$400,000 from terminating its hydrogen project and expects completion of a sale of its interest in the Seram PSC, valued at approximately US$1.2 million, by Q3 2026.
Key Points
  • Lion Energy Limited reported a net cash outflow of $582,000 from operating activities for the quarter ending 30 June 2026.
  • The company had cash and cash equivalents of $889,000 at the end of the period.
  • Cash inflow from investing activities totaled $373,000, primarily due to proceeds related to joint ventures.
  • No proceeds were recorded from issues of equity securities or borrowings during the quarter.
  • The company estimates approximately 0.98 quarters of funding available at the current expenditure rate.
  • Lion Energy plans to receive A$400,000 from the termination of its hydrogen project.
  • The company is anticipating revenue from the sale of its 2.5% interest in the Seram PSC, estimated at US$1.2 million, expected in Q3 2026.
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.