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Liberty Metals Ltd (ASX:LIB)

ALERT: Price-sensitive ASX Announcement for LIB
Current share price for LIB : $0.003 0 (0%)+
Announcement
Release
30 Oct 2025 8:19AM
Price at Release
$0.003
Full Release
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Summary
Liberty Metals Limited, formerly known as Traka Resources Limited, has strategically repositioned itself as a global critical minerals explorer after acquiring three large-scale projects in Brazil targeting rutile, ilmenite, zircon, and monazite-hosted rare earths. The company completed a $2.5 million capital placement and underwent significant board restructuring to align with its new focus on critical minerals. The quarter saw the sale of the Mt Cattlin Project and withdrawal from the Didi Gold Project, with an emphasis on developing its Brazilian projects. Financially, the quarter ended with $269,000 in cash and cash equivalents, despite a negative net cash flow from operating activities of $191,000. Financing activities contributed $203,000 during the quarter.
Key Points
  • Strategic entry into Brazil through acquisition of three large-scale projects.
  • Completed a $2.5 million placement to investors.
  • Appointment of new board members with global resource sector experience.
  • Company name changed from Traka Resources Limited to Liberty Metals Limited.
  • Sale of Mt Cattlin Project and withdrawal from the Didi Gold Project.
  • Focus shifted to Brazilian mineral projects targeting rutile, ilmenite, zircon, and rare earths.
  • Raised $203,000 from financing activities in the current quarter.
  • Net cash flow from operating activities was negative $191,000.
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.