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Trek Metals Limited (ASX:TKM)

ALERT: Price-sensitive ASX Announcement for TKM
Current share price for TKM : $0.195 0.005 (2.63%)+
Announcement
Release
28 Apr 2026 8:23AM
Price at Release
$0.190
Full Release
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Summary
Trek Metals Limited's quarterly activities report for the period ending 31 March 2026 highlights a net cash outflow from operating activities of -$411K and a significant investment in exploration and evaluation activities amounting to -$530K. Notably, the company secured $13.55 million from issuing equity securities, resulting in a net cash inflow from financing activities of $12.697 million. As of the quarter's end, cash and equivalents stood at $14.354 million. Trek Metals did not engage in any mining production during this period but focused on expanding its landholdings in the Kimberley-Tanami region, applying for 12 new exploration tenements. The report also details ongoing exploration projects at the McEwen Hills Niobium Project. Payments to related parties were reported at $99K, and the company maintains a 100% interest in key tenements across Australia.
Key Points
  • Trek Metals Limited reported a net cash flow from operating activities of -$411K for the current quarter.
  • Investing activities resulted in a cash outflow of -$530K, primarily due to payments for exploration and evaluation.
  • The company raised $13.55 million through the issuance of equity securities, leading to a net cash inflow from financing activities of $12.697 million.
  • Cash and cash equivalents at the end of the period were $14.354 million.
  • No mining production and development activities occurred during the quarter.
  • The company expanded its landholdings by applying for 12 new exploration tenements in the Kimberley-Tanami region.
  • The company is engaged in exploration activities in regions such as the Kimberley-Tanami and McEwen Hills Niobium Project.
  • Payments to related parties during the quarter amounted to $99K.
  • The company retains 100% interest in several tenements across Western Australia and Northern Territory.
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.