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Phoslock Environmental Technologies Limited (ASX:PET)

ALERT: Price-sensitive ASX Announcement for PET
Current share price for PET : $0.005 -0.006 (-54.55%)+
Announcement
Release
23 Apr 2026 10:03AM
Price at Release
$0.011
Full Release
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Summary
Phoslock Environmental Technologies Limited (ASX: PET) released its March 2026 Quarterly Activities Report and Appendix 4C Cash Flow. The report highlights a decrease in cash position to $4.3 million as of March 31, with a net cash flow deficit of $792,000 for the quarter. Sales performance showed a solid volume of 385 tonnes, with significant contributions from Brazil, Europe, Australia, and the USA. The company resumed production with its Changxing factory operating near capacity by the end of March. PET is actively pursuing R&D efforts, particularly in China, and is dealing with ongoing legal matters, including a class action. The company remains committed to expanding its market presence globally through strategic alliances.
Key Points
  • Cash position decreased to $4.3 million by March 31.
  • Net cash flow deficit of $792,000 for the quarter.
  • 385 tonnes of sales volume with major contributions from Brazil and Europe.
  • Changxing factory resumed production, operating near capacity.
  • Continued R&D efforts, including a new product with 10% lanthanum content.
  • Ongoing legal matters including a class action lawsuit.
  • Strategic global expansion through alliances.
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.