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Richmond Vanadium Technology Limited (ASX:RVT)

ALERT: Price-sensitive ASX Announcement for RVT
Current share price for RVT : $0.110 -0.045 (-29.03%)+
Announcement
Release
29 Apr 2026 3:28PM
Price at Release
$0.155
Full Release
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Summary
Richmond Vanadium Technology Limited (RVT) reported its quarterly activities and Appendix 5B Cash Flow for the period ending March 31, 2026. The company held $5.939 million in total funds, with a significant portion allocated to a term deposit. Cash flows indicated a net usage of $416,000 in operating activities and $389,000 in investing activities, primarily focused on exploration and administrative costs. No new borrowings or financing activities were reported. The Richmond – Julia Creek Vanadium Project continues to be the focal point of RVT's operations, driving much of the company's expenditure. The report estimates sufficient funding for approximately 7.4 quarters without additional financing.
Key Points
  • RVT held $5.939 million in available funds as of March 2026.
  • Net cash used in operating activities for the quarter was $416,000.
  • Net cash used in investing activities was $389,000.
  • Major spending areas included exploration, staff costs, and administration.
  • The Richmond – Julia Creek Vanadium Project is a major focus.
  • No new financing activities or borrowings were undertaken.
  • The estimated quarters of funding available is 7.4 quarters.
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.