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Metal Bank Limited (ASX:MBK)

ALERT: Price-sensitive ASX Announcement for MBK
Current share price for MBK : $0.012 -0.007 (-36.84%)+
Announcement
Release
29 Apr 2026 9:22AM
Price at Release
$0.019
Full Release
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Summary
The quarterly cash flow report for Metal Bank Limited, as of 31 March 2026, details various financial activities and their impacts on the company's cash position. The report shows that Metal Bank Limited had cash and cash equivalents of $1,391,000 at the end of the quarter. Operating activities resulted in a net cash outflow of $162,000, primarily due to administration and corporate costs. Investing activities led to a cash outflow of $418,000, majorly from exploration and evaluation expenditures. Financing activities produced a net cash inflow of $2,627,000, including proceeds from equity securities. The company expects to have 2.4 quarters of funding available based on current cash flows and capital requirements arising from their exploration and evaluation activities. The report complies with the ASX Listing Rules and acknowledges potential future cash inflows from the sale of Neo Performance Materials Inc.
Key Points
  • Metal Bank Limited quarterly cash flow report for 31 March 2026
  • Cash and cash equivalents at end of the quarter: $1,391,000
  • Net cash used in operating activities: $162,000
  • Net cash used in investing activities: $418,000
  • Net cash from financing activities: $2,627,000
  • Expected 2.4 quarters of funding available
  • Report complies with ASX Listing Rules
  • Potential future cash inflows from asset sales
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.