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Neometals Limited (ASX:NMT)
ALERT: Price-sensitive ASX Announcement for NMT
Current share price for NMT : $0.029 0.008 (38.10%)+
Announcement
Release
28 Jul 2026 11:37AM
Price at Release
$0.021
Full Release
Summary
Neometals Ltd provided an update regarding the settlement of Tranche 2 of their placement previously announced on 20 April 2026. Following shareholder approval and recent announcements, Neometals agreed to extend Omaha Value Holdings, Inc.'s payment deadline for the $5 million subscription to 7 August 2026, with a personal guarantee from Omaha's CEO for $2.5 million. Neometals reserves all rights if payment is not made according to the revised schedule and will keep monitoring the process, informing the market of any further developments.
Key Points
- Neometals provides update on Tranche 2 Placement
- Extension granted to Omaha Value Holdings for payment
- New payment deadline set for 7 August 2026
- Personal guarantee from Omaha's CEO up to $2.5 million
- Neometals reserves rights on payment obligations
- Regular dialogue maintained with Omaha
- Market to be updated on settlement completion
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.
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