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QX Resources Limited (ASX:QXR)

ALERT: Price-sensitive ASX Announcement for QXR
Current share price for QXR : $0.003 -0.002 (-40%)+
Announcement
Release
29 Jan 2026 8:10AM
Price at Release
$0.005
Full Release
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Summary
QX Resources Limited (ASX: QXR) released its quarterly activities and Appendix 5B cash flow report for the quarter ending 31 December 2025. The report highlights the company's financial performance and operational activities, including a cash position of approximately $1.07 million at the end of the quarter. The company issued 50 million ordinary shares at $0.004 each, and further progressed its Madaba Uranium Project in Tanzania with a high-resolution, helicopter-borne radiometric and magnetic survey. The company continued to assess new project opportunities while focusing on its existing projects across Australia and Tanzania. The cash flow statement indicates net cash outflows in operating and investing activities, but positive cash flow from financing activities, leading to an increase in cash and cash equivalents by the end of the period.
Key Points
  • QX Resources Limited reported a cash position of approximately $1.07 million at the end of the quarter.
  • The company completed the issue of 50 million ordinary shares at a price of $0.004 per share.
  • A high-resolution, helicopter-borne radiometric and magnetic survey was conducted at the Madaba Uranium Project in Tanzania.
  • The company reported net cash outflows from operating and investing activities but positive cash flow from financing activities.
  • QX Resources continues to explore new project opportunities while advancing existing projects in Australia and Tanzania.
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.