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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.098 -0.027 (-21.60%)+
Announcement
Release
27 Oct 2025 8:22AM
Price at Release
$0.125
Full Release
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Summary
The Quarterly Cashflow Report for Everest Metals Corporation Ltd as of September 2025 details the cash flows and financial activities of the company. The report indicates that the company had net cash outflows from operating activities amounting to $158,000, largely driven by administrative costs. Investing activities resulted in a cash outflow of $925,000, primarily due to exploration and evaluation expenses. However, the company generated $4,000,000 from financing activities through the issuance of equity securities. As a result, the cash and cash equivalents at the end of the period amounted to $5,024,000, up from $2,107,000 at the beginning of the quarter. There are no unused financing facilities at the end of the quarter. The company estimates having sufficient funds for approximately 4.9 quarters based on current expenditure levels.
Key Points
  • Net cash outflow from operating activities: $158,000
  • Net cash outflow from investing activities: $925,000
  • Net cash inflow from financing activities: $4,000,000
  • Cash and cash equivalents at end of period: $5,024,000
  • No unused financing facilities available
  • Estimated quarters of funding available: 4.9
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.