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Meteoric Resources Limited (ASX:MEI)

ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.180 -0.01 (-5.26%)+
Announcement
Release
30 Apr 2026 8:20AM
Price at Release
$0.190
Full Release
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Summary
Meteoric Resources NL reported their quarterly cash flow for the period ending 31 March 2026. The company had a net cash outflow from operating activities totaling A$9.758 million, primarily due to payments for exploration and evaluation. Investment activities resulted in a net outflow of A$4.712 million, mainly due to expenditures on exploration and evaluation as well as other non-current assets. There were no cash flows from financing activities during this quarter. At the end of the period, the company had cash and cash equivalents amounting to A$17.888 million. The report also provided a reconciliation of cash and equivalents, noting director fees and salaries as related party payments. The entity expects to continue its operations, having raised A$40.0 million in additional equity post-quarter end.
Key Points
  • Net cash outflow from operating activities: A$9.758 million.
  • Net cash outflow from investing activities: A$4.712 million.
  • No cash flows from financing activities.
  • Cash and cash equivalents at end of period: A$17.888 million.
  • Payments to directors and related parties included.
  • Subsequent equity raise of A$40.0 million post-quarter end to support operations.
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.