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Ragnar Metals Limited (ASX:RAG)

ALERT: Price-sensitive ASX Announcement for RAG
Current share price for RAG : $0.020 -0.006 (-23.08%)+
Announcement
Release
29 Apr 2026 2:07PM
Price at Release
$0.026
Full Release
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Summary
The quarterly cash flow report for Ragnar Metals Limited, ending 31 March 2026, details various financial activities and positions as per the ASX Listing Rules Appendix 5B. The company received $52,000 from customers and spent $31,000 on exploration and evaluation. Staff costs amounted to $27,000 and administration costs to $53,000, resulting in net cash from operating activities of $5,000. In investing activities, there were $517,000 payments for exploration and $975,000 proceeds from investments, leading to net cash from investing activities of $560,000. Financing activities included $103,000 from the exercise of options and $4,000 in transaction costs, leaving net cash from financing activities at $99,000. The cash and cash equivalents at the end of the quarter stood at $840,000. The company's estimated quarters of funding available is 1.64, indicating a need for further cash to support ongoing operations. Ragnar Metals Limited is confident in securing future funds through its record of fundraising and access to liquid shares in its investment portfolio.
Key Points
  • Ragnar Metals Limited's quarterly cash flow report ending 31 March 2026.
  • Receipts from customers were $52,000.
  • Payments for exploration and evaluation were $31,000.
  • Staff costs were $27,000, and administration costs $53,000.
  • Net cash from operating activities was $5,000.
  • Net cash from investing activities was $560,000.
  • Net cash from financing activities was $99,000.
  • Cash and cash equivalents at quarter end were $840,000.
  • Estimated quarters of funding available is 1.64.
  • Ragnar Metals plans to secure further funding through its investment portfolio and fundraising record.
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.