PVW Resources Limited (ASX:PVW)

ALERT: Price-sensitive ASX Announcement for PVW

Current share price for PVW : $0.013 -0.012 (-48%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Oct 2025 12:25PM

Price at Release

$0.025

Full Release

Summary

PVW Resources Limited, during the September quarter of 2025, focused on expanding its activities across its Brazilian Rare Earth Element portfolio and executed a binding agreement to acquire gold and silver projects in the USA. The company secured $2.5 million in funding to support its forward work programs and completed significant drilling and metallurgical programs across its projects in Brazil. The Appendix 5B Cash Flow Report indicates a net increase in cash and cash equivalents and details expenses and investments. Notably, PVW Resources proposes to change its name to Union Star Metals Limited to reflect its strategic direction.

Key Points

PVW executed a binding agreement to acquire gold and silver projects in Nevada and Idaho, USA.
Completed a $2.5 million placement to fund forward work programs.
Completed a major hydraulic auger drilling program in Brazil.
Substantial expansion in the Capão Bonito Project with assay results pending.
First-phase metallurgical testwork demonstrated ionic-adsorption-clay characteristics.
Proposed change of company name to Union Star Metals Limited.
Net cash from operating activities was negative $285,000.
Net cash from investing activities resulted in a positive $226,000.
Net cash from financing activities amounted to $766,000.
Cash and cash equivalents at the end of the period were $815,000.

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.