Greenland Minerals Limited (AU:ETM) has released an update.
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Energy Transition Minerals Ltd has reported a decline in cash with a quarterly outflow of $477,000 from operating activities and $227,000 from investing activities, despite receiving $375,000 in loans. The company’s staff and administration costs amounted to $436,000 and $128,000 respectively, while the overall decrease in cash and cash equivalents for the quarter stood at $704,000.
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