Horizon Minerals Ltd (AU:HRZ) has released an update.
Horizon Minerals Ltd has reported a net decrease in cash and cash equivalents, with significant investments in exploration and evaluation, amidst challenges in its operating activities which reflected a net cash use of $906,000 for the current quarter. Despite these expenditures, the company managed to generate a positive cash flow from investing activities amounting to $1.83 million within the same period, bolstered by the proceeds from the disposal of investments and other assets.
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