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Omnia Metals Group Limited (ASX:OM1)

ALERT: Price-sensitive ASX Announcement for OM1
Current share price for OM1 : $0.018 -0.009 (-33.33%)+
Announcement
Release
30 Apr 2026 8:05AM
Price at Release
$0.027
Full Release
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Summary
Omnia Metals Group Ltd (OM1) reported holding $1.52M in cash as of 31 March 2026, with a strategic emphasis on expanding into critical minerals in the US. The company acquired the Stibnite Ridge Antimony-Silver Project and initiated staking for the Radix REE-Gallium Project, supported by a completed $1.5M placement. During the quarter, OM1 utilized $168k in operating activities, with cash flow from financing being positive due to equity placements. The company also plans to progress exploration activities at the Ord Basin and Salt Creek Projects in Australia, including a planned VTEM survey.
Key Points
  • OM1 held $1.52M cash at bank as of 31 March 2026.
  • The company is executing a strategic focus on critical minerals in the United States.
  • Omnia Metals Group acquired the Stibnite Ridge Antimony-Silver Project and staked the Radix REE-Gallium Project.
  • OM1 completed a $1.5M placement to enhance its US projects' execution capability.
  • Net cash used in operating activities for the quarter amounted to $168k.
  • The company plans to commence a VTEM survey at the Ord Basin Project in Western Australia.
  • A focus on exploration activities at the Salt Creek and Ord Basin Projects.
  • No new mining tenements were acquired or disposed of during the quarter.
  • Cash flow from financing activities was positive, primarily due to equity placement proceeds.
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.