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Pinnacle Minerals Limited (ASX:PIM)

ALERT: Price-sensitive ASX Announcement for PIM
Current share price for PIM : $0.048 -0.097 (-66.90%)+
Announcement
Release
31 Oct 2025 8:21AM
Price at Release
$0.145
Full Release
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Summary
Pinnacle Minerals Limited's quarterly activities report for the period ended 30 September 2025 highlights several key financial and operational developments. During the quarter, the company focused on capital raising efforts, successfully securing $1,760,000 from a placement, with an additional $440,000 announced later. Pinnacle reported cash and equivalents of approximately AUD $583,000 at the end of the quarter. The company announced acquisitions of multiple critical minerals, gold, and silver projects in the USA, near established mining districts. Pinnacle aims to expand its exploration activities in the US, targeting significant mineral anomalies and continuing strategic evaluations of its assets. The company is preparing to list on the US-based OTCQB market and has mobilized field crews for exploration in Idaho and Washington State.
Key Points
  • Capital raising of $1,760,000 with an additional $440,000 raised in August 2025.
  • Cash and equivalents at the end of the quarter were approximately AUD $583,000.
  • Acquisition of eight USA-located critical minerals, gold, and silver projects.
  • Exploration activities commenced in Idaho and Washington State.
  • Intention to list on the US-based OTCQB market announced.
  • Fieldwork mobilization and geological consulting were key expenditure areas.
  • Focus on expanding exploration in US critical minerals and Australian asset strategic review.
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.