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Asiamet Resources strengthens cash position, advances BKM copper project, and progresses $105M KSK Project sale.

Market News
27 May 2026
Proactive Investors
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Bullish
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Asiamet Resources ended 2025 with a stronger cash position of $3.4 million, up from $2.3 million the previous year, while reducing its net loss to $4.9 million. The company raised $5.6 million through equity placements, including investments from PT BUMA International and new shareholders. At its BKM Stage 1 copper project in Indonesia, Asiamet reported ore reserves of 28.3 million tonnes with 0.7% copper grade, projecting 10,000 tonnes of annual copper cathode production over 13 years. The company also advanced the proposed $105 million sale of its interest in the KSK Project to Norin Mining, securing shareholder and Chinese regulatory approvals, with Indonesian regulatory processes ongoing.

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