Genmin Ltd: Recent Developments and Financial Overview

Genmin Ltd, an iron ore exploration and development company based in West Perth, Australia, has been active in both the Australian and Gabonese markets. Listed on the ASX All Markets, the company has experienced significant financial fluctuations over the past year. As of April 29, 2025, Genmin Ltd’s share price closed at AUD 0.036, marking a notable decrease from its 52-week high of AUD 0.1725 on May 7, 2024. The company’s market capitalization stands at AUD 29,280,440, reflecting its current valuation in the market.

Director’s Interest Notice

On May 1, 2025, Genmin Ltd issued a Change of Director’s Interest Notice concerning Greg Lilleyman. This notice, as required by ASX listing rule 3.19A.2 and section 205G of the Corporations Act, indicates a change in the director’s relevant interests in securities. The last notice for Greg Lilleyman was dated December 2, 2024. This type of disclosure is crucial for maintaining transparency and compliance with regulatory requirements.

Cessation of Securities

In another significant announcement on May 1, 2025, Genmin Ltd notified the cessation of its GENAS options. These options, with a security description of “Ex $0.075,” expired on April 30, 2025, due to the expiry of the option without exercise or conversion. A total of 210,000,000 securities were affected by this cessation. This event is part of the company’s ongoing financial management and restructuring efforts.

Annual General Meeting (AGM) Notice

Genmin Ltd has announced that its annual general meeting (AGM) will be held on May 29, 2025, via Zoom Teleconference. The meeting is scheduled for 10:00 am AWST. Shareholders are encouraged to participate in real-time, ask questions, and make comments through the Zoom platform. Voting will be conducted online via the Computershare Meeting Platform. This virtual format aligns with current practices and ensures accessibility for all shareholders.

Corporate Developments

The company has also seen changes in its board composition. Andrew Haythorpe and Campbell Smyth have stepped down from the board, and Michael Arnett has been appointed as the Non-Executive Chair, effective March 1, 2025. These changes are part of the company’s strategic direction and governance restructuring.

In summary, Genmin Ltd is navigating a period of significant financial and corporate activity, with key developments in its share structure, board composition, and shareholder engagement. The company’s focus remains on maintaining transparency and compliance with regulatory standards while pursuing its strategic objectives in the iron ore sector.