Tempus Resources quarterly activities report highlights

Tempus Resources Ltd. (ASX: $TMR) has released its quarterly activities report for the quarter ended 31 March 2024. The report includes details of the issuance of fully paid ordinary shares, the resignation of the CEO/President, and the financial status of the company, among other updates.

Executive commentary on quarterly activities

The Company issued a total of 345,145,024 fully paid ordinary shares as part of the Entitlement Offer, raising A$1,725,725. An additional 40,708,700 fully paid ordinary shares were issued as consideration for underwriter and Lead Manager fees. The resignation of the CEO/President was announced, with the Board taking over operational management until a new Chief Executive Officer is appointed. The Company also provided details of its cash reserves and expenditure during the quarter.

Summary of Tempus Resources quarterly activities report

Tempus Resources' quarterly activities report outlined the issuance of shares, corporate developments, and the status of its exploration projects in Canada and Ecuador. The Company continues to explore opportunities for new projects and assess options for its existing projects. The Elizabeth-Blackdome Gold Project in Canada and the Zamora Projects in Ecuador are currently under care and maintenance status. The Company's financial position, including cash reserves and expenditure, was also disclosed in the report. Tempus emphasized its forward-looking statements, highlighting the uncertainties and risks associated with its business objectives and economic factors.