ADX Energy (AU:ADX) has released an update.
ADX Energy Ltd reported a quarterly cash flow with $2.949 million from operating activities and a significant investment in property, plant, and equipment totaling $8.095 million. Despite the expenditures, the company saw a net increase in cash and cash equivalents due to $13.5 million raised from equity securities. The overall cash position remains positive with a net increase in cash and equivalents for the period.
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