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MEC Resources Limited (ASX:MMR)

ALERT: Price-sensitive ASX Announcement for MMR
Current share price for MMR : $0.002 -0.003 (-60%)+
Announcement
Release
30 Apr 2026 6:13PM
Price at Release
$0.005
Full Release
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Summary
MEC Resources Limited, an Australian company, released its quarterly activities and Appendix 4C cash flow report for the period ending March 31, 2026. The report includes net cash flows from various activities, indicating a decrease in cash for the quarter. The company reported a net cash outflow from operating activities of AUD 175,000, primarily due to directors/staff costs and administration expenses. Investing activities provided a net inflow of AUD 68,000 while financing activities contributed AUD 346,000. The company maintains a non-controlling interest in Advent Energy Ltd, with ongoing investments in energy solutions focused on reducing carbon emissions. MEC Resources continues to explore opportunities within its PDF investment mandate, despite challenges faced by its subsidiary, Onshore Energy Pty Ltd, which is under voluntary administration.
Key Points
  • Net cash outflow from operating activities of AUD 175,000
  • Net cash inflow from investing activities of AUD 68,000
  • Net cash inflow from financing activities of AUD 346,000
  • Non-controlling interest in Advent Energy Ltd
  • Investment focus on energy solutions with reduced carbon emissions
  • Onshore Energy Pty Ltd under voluntary administration
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.