Vital Metals Limited (ASX:VML)

ALERT: Price-sensitive ASX Announcement for VML

Current share price for VML : $0.105 -0.105 (-50%)⁺

Announcement

Quarterly Activities and Cash Flow Report

Release

30 Oct 2025 9:04AM

Price at Release

$0.210

Full Release

Summary

Vital Metals Limited's Quarterly Activities and Cash Flow Report for the quarter ended 30 September 2025 highlights several key activities and financial movements. The company reported a net cash outflow from operating activities of A$542,000. In terms of investing, the company spent A$191,000 on exploration and evaluation, while also raising A$6.8 million through a strategic two-tranche placement to advance its Nechalacho Project. This includes plans to conduct aeromagnetic surveys and optimize the Tardiff processing flowsheet. The company ended the quarter with A$2.4 million in cash. Significant corporate activities included a change in the registered office location and a transition of share registry services. Additionally, a forest fire impacted the company's camp in Canada's Northwest Territories but did not materially affect operations.

Key Points

Net cash outflow from operating activities was A$542,000.
Investments included A$191,000 for exploration and evaluation.
Raised A$6.8 million through a strategic placement for the Nechalacho Project.
End of quarter cash position stood at A$2.4 million.
Corporate headquarters moved to Level 5, 56 Pitt Street, Sydney.
Share registry services switched from Automic to XCEND.
A forest fire affected the camp at Nechalacho, but operations were not materially impacted.

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.